The Greater Noida Industrial Development Authority (GNIDA) has initiated one of its most significant commercial land schemes in recent years. It is offering 37 plots across key sectors with a total reserve price of Rs 3,604 crore.
All allotments will be conducted through e-auction, with the dates to be announced later. The plots, categorized under FAR 4 and FAR 2 regulations, are intended for commercial complexes, retail centers, offices, and mixed-use developments. According to GNIDA, FAR-4 plots can be utilized for malls, showrooms, hotels, offices, and banquet halls, whereas FAR-2 plots are designated for retail shops, service outlets, restaurants, and small commercial enterprises.
The completion timeline is set for five years, with Phase-I expected to be completed in three years. No amalgamation or subdivision of plots is permitted; consortiums are allowed but must remain unchanged until the project is completed.
Registrations commenced on November 13 and will conclude on December 5, as per officials. The earnest money deposit (EMD) and processing fee must be submitted by December 9, with document submissions due by December 12. The foundation of the scheme consists of 25 FAR-4 plots located in Sector 3, Sector 10, Sector 12, Ecotech-1 Extension, and Ecotech-12.
In Sector 3, there are four plots of 10,000 sqm each priced at Rs 105 crore, while an 8,730 sqm plot is listed at Rs 91.6 crore. Sector 10 features a 9,250 sqm plot priced at Rs 97 crore and a 4,925 sqm plot at Rs 52 crore. In Sector 12, three plots of 10,400 sqm each have a reserve price of Rs 109 crore. The largest grouping is found in Ecotech-1 Extension, where nine plots ranging from 8,880 sqm to 20,000 sqm have reserve prices between Rs 79 crore and Rs 178 crore.
Among the largest plots in the scheme are two 20,000 sqm plots. In Ecotech-12, five plots of 20,000 sqm are priced at Rs 187 crore, while the largest plot of 23,023 sqm is priced at Rs 216 crore. Additionally, a 2,313 sqm FAR-4 plot in Delta-II has a reserve price of Rs 24 crore. GNIDA has also released 12 FAR-2 plots across ETA-1, Gamma-2, KP-V, Beta-II, Sector 36, Sector 37, and Zeta-1, providing mid-sized commercial opportunities.
In ETA-1, a plot measuring 7,455 square meters is listed at Rs 50 crore, whereas Gamma-2 includes a 2,782 square meter plot priced at Rs 19.5 crore. The largest FAR-2 parcel, which spans 22,366 square meters in KP-V, has a reserve price set at Rs 172 crore. Sectors 36 and 37 present several plots with prices ranging from Rs 10 crore to Rs 16 crore, while Zeta-1 features two substantial plots of 14,837 square meters (priced at Rs 104 crore) and 6,814 square meters (valued at Rs 48 crore).
Officials anticipate robust participation from developers, hospitality firms, retail chains, and institutional investors, pointing to the forthcoming Noida International Airport, new industrial corridors, and increasing commercial demand.
