Noida Airport expects 58% traffic surge

28 Sep 2023 CW Team

Buoyed by a recovery in air traffic, it was reported that the upcoming Noida International Airport at Jewar had revised its forecast for expected traffic. In 2019, the airport operator had initially expected 4.1 million passengers in the first year. However, according to its latest forecast, they were now anticipating 6.5 million footfalls. The airport, currently under construction by Tata Projects and owned by Zurich Airport, was expected to become operational by 2024. Christoph Schnellmann, the CEO of Noida Airport, explained, "We anticipate improved traffic compared to our initial projections, thanks to the rapid recovery of Indian air traffic and the substantial aircraft orders placed by Indian airlines.?. The recovery in Indian domestic air traffic had been one of the quickest globally. Airbus's 20-year forecast, released in June 2023, predicted that as many as 685 million people were expected to fly in India by 2042, a significant increase from the 165 million in 2019. This would make India the third-largest civil aviation market in the world, following China and the United States, and also one of the fastest-growing markets. According to a Barclays report from June, Indian carriers were responsible for nearly 7% of the industry's backlog of orders, making them the second-largest in the world after the US. The ambitious forecasts projected that the airport would handle 12 million passengers within the first three full years of operation. Initially, the airport would feature a single runway and 28 aircraft stands, with the goal of serving 12 million passengers by the end of its first phase. The runway was planned to be 3,900 meters long, capable of accommodating 28 aircraft at once. The passenger terminal was expected to cover an area of 100,000 square metres. Upon reaching the milestone of 12 million passengers, the next phase of expansion would be initiated, with the ultimate aim being to handle 70 million passengers annually.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..