India, May 15 -- In its board meeting on Thursday, the Ghaziabad Development Authority (GDA) approved several infrastructure projects, including a Rs.2,813-crore land acquisition for its proposed Aerocity-themed township and the joint development of the International Cricket Stadium (ICS) near Raj Nagar Extension, officials said.

According to GDA officials, the board approved a 50:50 joint venture with the UP Cricket Association (UPCA) for the stadium's development, which will cover 34.42 acres.

"The stadium's cost - including land, construction, operations, map layout sanction, consultancy, and utility shifting - will be borne by the two agencies in a similar ratio, as will the revenue. The stadium is estimated to be constructed for ab...