Gorakhpur Airport to Get New Terminal and Expanded Runway

26 Jun 2025 CW Team

The Gorakhpur airport is set to enhance its infrastructure with the addition of a new terminal building and the expansion of its runway. On Tuesday, a memorandum of understanding (MoU) was signed between the Airports Authority of India (AAI), the Indian Air Force (IAF), and the Government of Uttar Pradesh for developing a new civil enclave at the airport.

Under the agreement, the Indian Air Force will provide 44 acres of land for the construction of a modern terminal and the runway expansion, while the state government will offer an equivalent parcel of land at another location as compensation.

The land exchange is expected to facilitate the airport’s infrastructure upgrade, with construction work likely to begin after the monsoon season.

This project forms part of a broader Rs 9 billion investment initiative supported by the central government, aimed at transforming the airport to meet international standards. Although the airport is owned by the IAF, its civil operations are overseen by the Airports Authority of India. The planned development will convert the facility into a high-tech aviation hub.

The upgraded airport will be equipped with advanced navigation systems such as DVOR and DME to support all-weather flight operations. The new terminal will be considerably larger and capable of accommodating up to 10 aircraft at a time. In 2024–25, the airport served around 8.7 lakh passengers and recorded more than 5,600 aircraft movements.

News source: Hindustan Times

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..