June 1, 2023: The Greater Noida Industrial Development Authority (GNIDA) has launched a commercial plot scheme, offering 22 plots with a floor area ratio (FAR) of 4 at a reserve price of Rs 1,100 crore. These plots range from 2,313 to 11,500 square metre (sqm), according to officials.
The last date of registration for the plot scheme is June 19, 2023, while documents can be submitted till June 26, 2023. The last date for submission of the processing fee is June 22, 2023. Applicants must pay 10% of the total cost of the plot, as registration amount, at the time of application and 30% amount at the time of allotment.
Anand Vardhan, additional CEO, GNIDA, said the 22 commercial plots are located in seven sectors: Techzone 7, Ecotech 12, Sector 10, Sector 12, Alpha Commercial Belt, Alpha 2 and Delta 2. Out of 22 plots, four are in Sector 10, five in Sector 12, one in Alpha Commercial Belt, one in Techzone 7, one in Ecotech 12, and five each in Alpha 2 and Delta 2.
The option to download the brochure began on May 29, 2023. The allotment of these plots will be done through an e-auction only.
According to the officials, an FAR of 4 will be permitted for allottees. FAR refers to the ratio of the floor area in a structure to the area of the plot.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at [email protected] |
Harini is a content management professional with over 12 years of experience. She has contributed articles for various domains, including real estate, finance, health and travel insurance and e-governance. She has in-depth experience in writing well-researched articles on property trends, infrastructure, taxation, real estate projects and related topics. A Bachelor of Science with Honours in Physics, Harini prefers reading motivational books and keeping abreast of the latest developments in the real estate sector.
Related Posts
Rs 18,669 crores for development of Greater Noida, Noida and Yamuna Expressway.
Greater Noida to cancel allotment if projects remain incomplete.
Possession without a Completion Certificate: The Noida-Greater Noida bane.
How will the Greater Noida metro impact the prices of flats in Noida Extension.
Greater Noida Authority asks plot owners to pay additional charge.
5 Chinese firms seek land in Greater Noida, to invest Rs 800 crores.
