Noida Airport: Plane travel from Noida Airport will be less expensive than from Delhi Airport; find out when services will begin

 Noida Airport: Plane travel from Noida Airport will be less expensive than from Delhi Airport; find out when services will begin

Airport in Noida: The value added tax (VAT) on aviation fuel has been lowered by the Uttar Pradesh government to one percent. Air travel from Noida airport would be less expensive in this scenario than from Delhi airport. An aviation ticket from Noida airport would cost around Rs 2800, while one from Delhi to Lucknow is estimated to cost Rs 3500.

By February of the following year, Jewar's Noida International Airport development would be finished. Services for passengers will begin in October. What makes travel from Noida airport unique is that it would be less expensive than from Delhi airport.

The difference in airline tickets will be between 10 and 15 percent.

In actuality, the Value Added Tax (VAT) on aviation fuel has been lowered to one percent by the Uttar Pradesh government. However, petrol now carries a 25 percent VAT in Delhi. The cost of airline tickets would vary by 10 to 15 percent in such a scenario.

On the other side, the airport's expected yearly revenue after six years of operation is Rs 1.4 lakh crore. In this case, Yamuna Authority would get 12.5% of this revenue. The building of Noida International Airport is progressing quickly. The Uttar Pradesh administration is doing all in its power to boost traveler numbers.

The UP government lowered gasoline VAT.

The state administration has reduced the value-added tax on aviation fuel, marking a move in this direction. Air tickets will be less expensive since Delhi's VAT is less expensive. The representative from the authority said that the approximate cost of an airline ticket from Delhi to Lucknow is Rs 3500, whilst the cost from Noida airport is Rs 2800.

The cost of the ticket will change dramatically as the distance grows. This will directly affect how many passengers there are. After the airport has been operating for six years, the building firm will recoup the profits. It will be distributed to the airport shareholders in accordance with their investment after six years.

An revenue of around Rs 1.4 lakh crore per year is anticipated after six years. Of this sum, the Uttar Pradesh government would get 37.5%, followed by Noida Authority (37.5%), Yamuna Authority (12.5%), as well as Greater Noida Authority (12.5%) as shareholders.