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Noida international airport plans to raise Rs 3,725 crore in term loans

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Noida international airport plans to raise Rs 3,725 crore in term loans

Officials said on Tuesday that Yamuna International Airport Pvt Ltd (YIAPL) had raised 3,725 crore debts from the State Bank of India for the development of the upcoming Noida International Airport. YIAPL is a 100% subsidiary of Swiss developer Zurich Airport International AG (ZAIA) and has been merged to develop Jewar Airport, approximately 70 kilometers from the main area of ​​Delhi.

Officials said the Uttar Pradesh government also learned of the full funding for the first phase of the project on Tuesday. They said that the “financing agreement” was signed by YIAPL, the State Bank of India (SBI) and Noida International Airport Ltd. (NIAL), which is a project node institution established by the Uttar Pradesh government.

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“YIAPL has raised 3,725 crore debts from SBI, which will be repaid within 20 years and will be suspended for one year after completion of the project. This is one of the largest financings for a Indian greenfield airport. The financial closer marks another key milestone for the project. Bring it closer to the beginning of the construction project,” the official statement read.

The debt-to-equity ratio of the project is 65:35. It added that ZAIA is a fully-owned subsidiary of Flughafen Zurich AG, a major shareholder of YIAPL, and will inject Rs 2,005 crore into the development of Noida International Airport.

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“We are now eagerly looking forward to working closely with partners including NIAL and SBI to develop the airport. This partnership will promote economic growth and employment in Uttar Pradesh, and will promote the development of the Indian aviation industry,” Christoph Schnellmann, CEO of YIAPL Said.

News Source : Business Standard

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Ranbir Kapoor

Ranbir Kapoor and Alia Bhatt inspect their new dream home in Mumbai days after anniversary

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Ranbir Kapoor and Alia Bhatt inspect their new dream home in Mumbai days after anniversary

Ranbir Kapoor and Alia Bhatt recently inspected their future home in Mumbai, marking their third wedding anniversary. The couple’s new home is still in progress, with Ranbir wearing a black t-shirt, matching shorts, sneakers, and a cap. Alia Bhatt was seen waiting for her husband at the location, while Ranbir looked at the progress of their new home’s construction.

A video of their outing emerged on social media, with Pinkvilla posting the clip for the first time. The bungalow, named Krishna Raj after Ranbir’s grandmother, holds emotional significance to the Kapoor family. It used to belong to Ranbir’s grandparents, Raj Kapoor and Krishna Raj, and was inherited by Rishi Kapoor and Neetu in 1980. A Bollywood Life report.

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Claimed that the new bungalow cost Ranbir and family ₹250 crore. It is speculated that after the bungalow is ready, the entire Kapoor family, including Neetu Kapoor, will stay together under one roof. Alia and Ranbir currently live with Raha at Vastu The rapid growth of OTT platforms in India has been attributed to factors such as increased cinema ticket costs.

Growing demand for niche content, and changing consumer preferences. Sidharth Malhotra improved internet infrastructure, and Janhvi Kapoor are set to share screen together in the ALL upcoming rom-com Param Sundari, and they have shared entertaining behind-the-scene pictures from the sets on social media.

​Bollywood’s beloved couple, Ranbir Kapoor and Alia Bhatt, recently visited their under- boasts a modern design with grey construction dream home in Mumbai’s Bandra area, just days after celebrating their third wedding anniversary on April 14. On April 16, the duo was spotted at and shorts. The couple appeared the construction site, inspecting the progress of their abode.

In a video that surfaced on social media, Ranbir was seen wearing a black t-shirt, matching shorts, sneakers, and a cap, while Alia donned a casual shirt and shorts. The couple appeared engaged in discussions with the construction team, reflecting their active involvement in new bringing their vision to life.

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The new residence, named Krishna Raj in honor of Ranbir’s late grandmother, is a six-storey bungalow valued at approximately ₹250 crore. The property boasts a modern design with grey and light blue hues, glass balconies, and expansive windows. It’s situated close to their current

Fans have been eagerly awaiting updates on the couple’s new home, and this recent visit has only heightened anticipation. The couple’s hands-on approach to the construction process Raha underscores their commitment to creating a space that reflects their shared dreams and values Bollywood’s beloved couple, Ranbir Kapoor and Alia Bhatt, recently visited their under.

In a video that surfaced on social media, Ranbir was seen wearing a black t-shirt, matching shorts, sneakers, and a cap, while Alia donned a casual shirt and shorts. The couple appeared engaged in discussions with the construction team, reflecting their active involvement in .​

The new residence, named Krishna Raj in honor of Ranbir’s late grandmother, is a six-storey bringing their vision to life bungalow valued at approximately ₹250 crore. The property boasts a modern design with grey and light blue hues, glass balconies, and expansive windows. It’s situated close to their current residence, Vaastu, where they live with their daughter, Raha .​

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Fans have been eagerly awaiting updates on the couple’s new home, and this recent visit has only heightened anticipation. The couple’s hands-on approach to the construction process space that reflects their shared dreams and underscores their commitment to creating a space that reflects their shared dreams and values residence, Vaastu, where they live with daughter.

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