Noida Authority grants sublease of 10-acre plot to Adani in Sector 80
Real Estate

Noida Authority grants sublease of 10-acre plot to Adani in Sector 80

The Noida Authority has approved the sublease of a 10-acre plot in Sector 80 to Noida Data Centre Limited, a special purpose vehicle (SPV) formed by Adani Enterprises Limited (AEL) and EdgeConneX under their joint venture, AdaniConnex.

The decision was made during a board meeting chaired by Uttar Pradesh Chief Secretary Manoj Kumar Singh, who also serves as the chairman of the Noida Authority. This approval clears the way for the establishment of a data centre in Sector 80, a plan that had previously been rejected due to conditions in the original lease deed.

Lokesh M, CEO, Noida Authority, confirmed that the board had discussed and approved the project after deliberations in July 2024. He noted that the land in Sector 80 had already been allotted for this purpose.

After the initial rejection of Adani Enterprises' request to sublease the land, the company appealed to the Uttar Pradesh government. The state?s industrial development department reviewed the case and granted approval based on provisions in the UP Data Centre Policy of 2022. This policy allows sublease permission for data centre projects without levying a transfer fee.

The Adani Group had originally executed a lease deed for the land in 2021 at a cost of Rs 700 million, with the intention of developing a data centre. AdaniConnex, a 50-50 joint venture between Adani Enterprises and global data centre operator EdgeConneX, was established in February 2021 to set up data centres across India.

Despite repeated attempts, the Adani Group could not be reached for comment. (Hindustan Times)

The Noida Authority has approved the sublease of a 10-acre plot in Sector 80 to Noida Data Centre Limited, a special purpose vehicle (SPV) formed by Adani Enterprises Limited (AEL) and EdgeConneX under their joint venture, AdaniConnex. The decision was made during a board meeting chaired by Uttar Pradesh Chief Secretary Manoj Kumar Singh, who also serves as the chairman of the Noida Authority. This approval clears the way for the establishment of a data centre in Sector 80, a plan that had previously been rejected due to conditions in the original lease deed. Lokesh M, CEO, Noida Authority, confirmed that the board had discussed and approved the project after deliberations in July 2024. He noted that the land in Sector 80 had already been allotted for this purpose. After the initial rejection of Adani Enterprises' request to sublease the land, the company appealed to the Uttar Pradesh government. The state?s industrial development department reviewed the case and granted approval based on provisions in the UP Data Centre Policy of 2022. This policy allows sublease permission for data centre projects without levying a transfer fee. The Adani Group had originally executed a lease deed for the land in 2021 at a cost of Rs 700 million, with the intention of developing a data centre. AdaniConnex, a 50-50 joint venture between Adani Enterprises and global data centre operator EdgeConneX, was established in February 2021 to set up data centres across India. Despite repeated attempts, the Adani Group could not be reached for comment. (Hindustan Times)

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?