Greater Noida authority to auction 12 commercial plots with reserve price of Rs 370 crore – ET RealEstate

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NEW DELHI: The Greater Noida authority has come out with the auction more commercial plots and expects revenues of Rs 370 crore from 12 commercial plots it plans to auction by the end of the month.

It has already generated Rs 94 crore from two commercial plots.

The plots ranging from 2356 to 12,000 square metres in size have reserve prices between Rs 10 crore and Rs 75 crore.

“Builders, developers and investors, who are willing to invest in Greater Noida, can apply for these commercial plots. The plots are free of any hindrance and are acquired by the authority, and we also have lease plan ready,” said Narendra Bhooshan, CEO, Greater Noida Authority.

The selected developer will have to pay 30% at the time of lease while the rest 70% can be paid in four years.

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Greater Noida development body launches scheme for commercial plots – ET RealEstate

GREATER NOIDA: The Greater Noida Industrial Development Authority (GNIDA) on Thursday launched 14 commercial plot schemes and 11 fuel petrol/diesel/CNG/electric vehicle charging) station plots including space for retail outlets and ATMs.

A commercial plot scheme has been launched for interested builders, developers and investors which will be allotted by E-auction. This scheme will be floated monthly on an online/continuous basis from month to month basis. Under the scheme there are two kinds of plots 2 FAR (floor area ratio) and 4 FAR,” said Narendra Bhooshan CEO GNIDA.

While the first lot of 14 such plots are set for E-auction, there are five plots of 2 FAR plots which will be E- auctioned at Rs 46,190 sqm. These plots are available in sectors 36, Gamma II, Eta 1 and Knowledge Park 2. The size of these plots range from 2,356 sqm to 9,468 sqm.

Also, there are nine plots of 4 FAR which will be E- auctioned at Rs 66,000 sqm. These plots are available in sector 10, Ecotech 12, Delta 1 and Alpha 2. The size of these plots range from 2,500 sqm to 12,000 sqm.

Apart from this, under the fuel petrol/diesel/CNG/electric vehicle charging station plots including space for retail outlets and ATMs scheme, GNIDA has set aside 11 fuel station plots of 2,000 sqm which will be allotted in sectors 12, 20, Techzone 7, Eta2, Ecotech 1 Extension, Theta II, Xu 1, Mu 1 and Agricultural Green near Sport City. These allotments are set at reserve prices of Rs 44,250. “These fuel station plots will also have the facility of petrol/diesel/CNG/electric vehicle charging station facilities as well as space for retail outlets and ATMs,” said an official from GNIDA.

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