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How to buy Noida Authority plots?

How to buy Noida Authority plots?

Noida, located in Uttar Pradesh, is a modern industrial city and a key real estate destination in Delhi NCR. The city was established in April 1976 by the New Okhla Industrial Development Authority (Noida) under the UP Industrial Area Development Act, 1976. The Noida Authority is the government authority responsible for the planning and development of Noida city. It undertakes various responsibilities, such as building infrastructure, preparing master plans, acquiring lands in the notified areas and allotting land plots and properties in accordance with the state regulations.

The Noida Authority comes up with various plot schemes and properties for residential, industrial, commercial and institutional use. The residential schemes include affordable housing and group housing schemes. The authority allots these plots through e-auction. The details of these plot schemes are notified on the Noida Authority’s official website and other channels such as print, social media, local and national gazette. Interested applicants can visit the website www.noidaauthorityonline.in. to apply for these plots.

 

How to apply for the Noida Authority plots?

 

 

 

 

 

 

 

Registration for Noida Authority plots

There is a 21-day registration period when all the eligible candidates can register for the scheme. For plot scheme registration, a document fee of Rs 2,500 and Rs 450 GST is applicable. Once the registration and scrutiny of the applicants are completed, an Earnest Money Deposit (EMD), which is 10% of the total amount of the plot must be paid for participation in the bidding-auction process. The reserve price of plots is made available during the registration.

Interested applicants can access the policy and procedure booklets for various land uses from the reception office and return. They purchase these booklets from authorised banks, such as Canara Bank, Vijaya Bank, State Bank of Patiala in Sector-6, Noida (based on the prescribed charges). The booklets mention the rules regarding residential, group housing, commercial, industrial, and institutional properties.

 

Application form for Noida Authority plots

 

How are Noida Authority plots allotted?

The plots launched by the Noida Authority are allotted through e-auction or through the process as specified in the official scheme brochure. In some cases, the allocation of plots may be done for specific targeted groups with various quotas, such as government employees, women, or senior citizens. The allotment and eligibility of the applicants are also mentioned in the brochure. The plots allotment is done through the Noida Authority’s e-bid system. The authority announces the date for conducting the e-bid.

 

Noida Authority plots: Payment

Payment stage Percentage of premium amount Payment schedule
Registration 10% Earnest Money Deposit (EMD) at the time of registration
Allotment 20% To be paid within 30 days from the allotment date
Remaining amount 70% Converted into 10 EMI payable over five years in equal half-yearly instalments

*A 10% interest rate is applicable for five-year tenure by the authority.

 

Applicants can make the payments online or through a demand draft or pay order drawn in favour of ‘Noida’, in Noida, Delhi or New Delhi, at one of the authorised banks. Deposit challans are available in the authorised bank branches. These branches also have provisions to issue ‘Challans for making online payment’. Further, one can visit the authority’s official website www.noidaauthorityonline.in  and click on ‘Generate Challan Online’.

 

How to participate in e-auction for the Noida Authority plots?

Applicants must note that bidding below the reserve price will not be permissible.

 

Grievance redressal

Complaints/grievances can be registered online through the Noida Authority portal. Grievance redressal is carried out in various stages involving senior executives and a committee. The grievances may be related to the allotment of property or civic amenities and grievance redressal is conducted in three stages:

 

FAQs

What is the registration charges for plots in Noida?

When registering for the Noida Authority Residential Plot Scheme, one must pay a registration fee of Rs 2,300 and document fee of Rs 2,500 and Rs 450 GST.

What is Noida Authority?

The New Okhla Industrial Development Authority was established under the UP Industrial Area Development Act, 1976 for the planning and development of Noida city.

Can you get a refund of registration fee if you do not want to buy Noida Authority plots?

No, the registration fee is non-refundable.

Can you apply for the Noida Authority plot scheme offline?

One can visit the Noida Authority office to apply for the Noida Authority Plot Scheme offline. The application form can be obtained from authorised banks, or the department concerned. All the relevant documents must be submitted in a sealed envelope along with a forwarding letter at the reception office. A receipt will be issued to acknowledge the receiving of the documents.

How to apply for a plot through the Noida Authority online?

One can visit the official portal of the Noida Authority and follow the instructions for applying for the Noida Authority Plot Scheme online.

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 jhumur.ghosh1@housing.com

 

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