Greater Noida Authority Commercial Plot Scheme 2024: The Greater Noida Industrial Development Authority (GNIDA) has launched a scheme to sell 12 commercial plots located in four different sectors of Greater Noida. These plots will be used to develop malls, commercial buildings, and other retail spaces. The combined reserve price for these 12 plots is estimated to be Rs. 1,014 crore. Below, you can find detailed information about the Greater Noida Authority Commercial Plot Scheme, including its purpose, features, benefits, and the application process.
Greater Noida Authority Commercial Plot Scheme 2024 Details
The Greater Noida Industrial Development Authority (GNIDA) has launched a commercial property scheme that is attracting a lot of interest from investors looking to start new businesses or make investments. The registration for this scheme ends on July 16, and the processing fee must be paid by July 19. This project offers opportunities to build various types of businesses in different sectors.
Successful applicants are expected to get possession of their plots within 30 days after the allotment, with a new high-rise commercial complex being planned. Applications will be processed through the SBI Portal, and applicants need to pay 10% of the total plot cost as a registration fee when they apply. The remaining amount must be paid within ninety days of the allotment.
Features of Greater Noida Authority Commercial Plot Scheme 2024
The Greater Noida Authority Commercial Plot Scheme is introduced by the Greater Noida Industrial Development Authority (GNIDA). This scheme offers 12 commercial plots in four different sectors of Greater Noida. The reserve price for these plots totals Rs 1,014 crore. Three plots are in Delta One, five in Sector 12, and one in Sector One. The plot sizes range from 3,600 to 10,600 square meters.
With a floor area ratio (FAR) of 4, allottees can build up to 400% of the plot area, covering 40% of the ground. The entire process, from application to allocation, will be conducted online. These plots are well-connected to the Eastern Peripheral Motorway (EPE) and the Yamuna Motorway, linking Greater Noida to Agra and Mathura. They will also be connected to the International Film City in YEIDA sector 21 and the upcoming Noida International Airport in Jewar.
Description of the Greater Noida Authority Commercial Plot Scheme
The commercial plots range from 3,600 to 10,600 square meters. The registration period started on June 26 and will end on July 16. The 12 plots are located in four different sectors of Greater Noida: three in Sector 10, five in Sector 12, three in Sector Delta 1, and one in Sector 1. Allottees can build up to 400% of the plot area, as the FAR is set at 4. Up to 40% of the ground can be covered, and the entire process will be online.
The reserve price for these commercial plots is Rs 90,821 per square meter, making the total cost of the 12 plots nearly Rs 1,014 crore.
Payment Schedule and Allocation
Plots will be allotted through an online auction, with details to be announced later. Applicants must pay 10% of the reserved price as registration money or an earnest fee. Winners can choose to pay the total amount within 90 days of receiving the allotment letter and get a 2% discount or pay 40% within 60 days and the rest in six equal half-yearly installments over three years.
Plots Floor Area Ratio (FAR)
The FAR for these commercial plots is 4, allowing builders to construct up to 400% of the plot area. This enables the construction of taller buildings with more commercial space, promoting the development of new high-rise commercial buildings in Greater Noida.
Application Process for Greater Noida Authority Commercial Plot Scheme
To apply for the Greater Noida Authority Commercial Plot Scheme, you need to use the SBI Portal. At the time of application, you must pay 10% of the plot’s total cost as a registration fee. After receiving the allotment, you will have ninety days to pay the remaining amount.
Frequently Asked Questions
Who introduced the Greater Noida Authority Commercial Plot Scheme?
The Greater Noida Authority Commercial Plot Scheme was introduced by the Greater Noida Industrial Development Authority (GNIDA).
When is the last date to register for the Greater Noida Authority Commercial Plot Scheme?
The last date to register for the Greater Noida Authority Commercial Plot Scheme is July 16.