Aimed at integrated development of Greater Noida, the Uttar Pradesh govt on Wednesday introduced a new e-auction scheme for institutional plots in various sectors, according to an official spokesperson.
The scheme, launched by the Greater Noida Industrial Development Authority (GNIDA) in key areas such as KP-05, MU, Sector 10, ETA-02, KP-01, and Techzone-4, offers 13 institutional plots for bidding, with applications opening on Thursday.
“These plots are expected to attract crores of rupees in bids, as they are set to be used for establishing higher secondary schools, hospitals, nursing homes, paramedical and training institutes, vocational training centres, and other educational institutions. The total reserve price for the plots is Rs 170 crore, making this a major opportunity for institutional investors,” the spokesperson said.In addition to the institutional plots, the authority is also fast-tracking the process for the allotment of 43 commercial shops, offices, and 20 dhabas and kiosks.
“Under this scheme, plots ranging in size from 1,000 to 10,005 square metres will be made available for allotment. The Greater Noida Industrial Development Authority has set the reserve price for these plots between Rs 2.99 crore and Rs 35.17 crore,” the spokesperson said.
Officials concerned said that as per CM Yogi Adityanath’s vision, the e-auction scheme offers a variety of plots, with the largest and most expensive plot being HO-2 in the MU sector. This plot spans 10,005 square metres and has a reserve price of Rs 35.17 crore. Another large plot, HO-2 in Sector 10, measures 4,439.50 square metres and has a reserve price of Rs 19.52 crore. Both plots are designated for the establishment of hospitals.
Also, plot NH-01 in ETA-02, measuring 2,511.40 square metres, is reserved for a nursing home with a reserve price of Rs 10.70 crore.
Similarly, plots 06 and 07 in Techzone-4, each measuring 2,000.27 square metres, are priced at Rs 5.99 crore, while plots 26 and 27 in the same area, with 4,000.39 square metres each, have a reserve price of Rs 11.44 crore.
The final date for submitting applications under this e-auction scheme is Nov 18.
