GNIDA has launched a new scheme offering 22 commercial plots

The Greater Noida industrial development authority (GNIDA) has launched a new scheme offering 22 commercial plots ranging from 1,500 sq meters to approximately 19,000 sq meters. These plots will be allocated through an e-auction process.

Registrations for these commercial plots began on August 29 and will remain open until September 19, 2024. The plots are located in areas such as Sector 10, Sector 12, Delta One, Sigma II, Three and Four, Ita One, KP III (Tugalpur), Chai-Phi, and Zeta One.

According to official advertisement, “The registration for plots, located in Sector 10, Sector 12, Delta One, Sigma II, Three and Four, Ita One, KP III (Tugalpur), Chai-Phi, Zeta One, will last till September 19, 2024, and the last date for processing fee and document submission date is September 26.”About 22 plots are available for constructing shopping malls. Of the 22 plots, 11 have a floor area ratio (FAR) of two, while the remaining 11 have a FAR of four.The allotment process will be entirely digital, from application to plot allocation. Interested applicants can apply through the State Bank of India (SBI) portal, which is linked to the Greater Noida authority’s website.

The reserve prices for the plots with a FAR of two range from Rs 9.62 crore to Rs 119.53 crore. For the plots with a FAR of four, the reserve prices range between Rs 35.96 crore and Rs 105.89 crore.

The allotment of plot will be made on leasehold basis for a period of 90 years from the date of execution of lease deed.