Greater Noida development body offers nine plots for commercial purpose – ET RealEstate

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GREATER NOIDA: The Greater Noida Industrial Development Authority (GNIDA) on Thursday launched a scheme to offer nine commercial plots. A total of 31,328 sqmt of land is on offer and the Authority is expecting an investment of Rs 139 crore from the scheme.

Application forms can be downloaded from the GNIDA website till October 8 and the last date for submitting them is October 12. The plots will be auctioned on October 25.

“The commercial department of the Authority has launched a scheme under which nine plots will be offered for setting up commercial establishments such as malls, shopping complexes and hotels. These plots are located in sectors Delta 2, Gamma 2, Eta 1, P-4. Pi 1 and Sector 36,” said Narendra Bhooshan, the GNIDA CEO.

The reserve price of the plots — ranging between 7,455sqmt and 1,200sqmt — has been kept at Rs 44,250 per sqmt and Rs 46,190 per sqmt for two FARs. “The Authority will allot a total of 31,328 sqmt under this scheme. The total value of these plots, based on the reverse price, is around Rs 139 crore,” said Bhooshan.

Residents welcomed the move. “There is a need for shopping malls and complexes in sectors such as Gamma 2, Delta 2, Pi 1, etc. The allotments will help benefit many residents of the area,” said Surendra Bhati, a resident of Greater Noida.

On September 7, GNIDA had launched a scheme of 42 shops and 31 kiosks on offer.



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Homebuyers can clear Greater Noida development body’s dues till Sept 30 – ET RealEstate

GREATER NOIDA: About 3,500 homebuyers from various sectors of Greater Noida, who have defaulted on payments to the Greater Noida Industrial Development Authority (GNIDA), will now get time till September 30 to clear their dues.

According to GNIDA’s records, there are 3,369 homebuyers and 217 plot owners who have defaulted on payments. They are from sectors 3, Omicron 1, 1A and 2, Xu 2 and 3, Mu 2, Eta 2, Alpha, Beta, Delta and so on. Officials said only simple interest would be levied on the compensation that is due. The additional penalty on interest will be waived.

Apart from this, if there is any delay in getting a lease deed done, a 40% rebate will be given on the total late fee. “If one has purchased a residential plot or constructed a building on GNIDA land and owes the authority some payment, the last date of availing exemption on payment of the total outstanding amount is September 30. We had approved this one-time settlement scheme in our board meeting on June 26. After September 30, the allottees will have to pay the entire outstanding amount with due interest,” said Narendra Bhooshan, the GNIDA CEO.

Under the scheme, owners of plots measuring up to 150 sqmt will have to pay Rs 2,000 as processing fee. For those allotted bigger plots, a processing fee of Rs 5,000 will be levied.

The application form for the scheme is available on the GNIDA website. For any information on the scheme, one can dial the authority’s call centre number — 0120-2336046-49.



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Greater Noida authority to build 10,000 flats under PMAY – ET RealEstate

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GREATER NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has decided to build 10,000 affordable homes for the economically weaker sections and low income groups under the Pradhan Mantri Awas Yojna (PMAY). These houses would measure between 245 sqft) and 323 sqft and would be built in sectors 1, 2 and 3 of Greater Noida

Officials said a survey to select beneficiaries would be conducted from February 1. The state government has given a target to build 50,000 such houses to the three authorities. It has also decided to allow builders to allot 10% of the land use for commercial purposes against an earlier rule of 1% to attract more developers to build these affordable housing.

“We have earmarked sectors 1, 2 and 3 for the affordable houses. They will be built with public-private collaboration under the PMAY scheme. For this, a survey of the beneficiaries will begin on February 1,” said Narendra Bhooshan, the CEO of GNIDA.

With an incentive to allow 10% of the land use for commercial purposes, builders will also be chosen to develop the houses. “The 10% land use for commercial purposes is a great incentive for the developer. The land can be used for building shops and market complexes,” said a source in the Authority.

Under the PMAY scheme, the builder will get a grant of Rs 2.5 lakh for every flat. Of this amount, Rs 1.5 lakh will be given by the Centre and the remaining money will be borne by the state government. The cost of each flat will range from Rs 6 lakh for the EWS and LIG categories. “According to the PMAY scheme, a minimum of 250 flats or 35% of the total number have to be delivered by the builder under the EWS category,” an official said.

The Noida Authority and Yamuna Expressway Industrial Development Authority (YEIDA) will also build flats under the PMAY scheme. Sources said while sectors 145, 152 and 154 may be shortlisted in Noida for such homes, Sector 18 off the Yamuna Expressway is being considered by YEIDA.



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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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