Greater Noida Authority Builder Plot Scheme: Features & Registration Process

Greater Noida Authority Builder Plot Scheme
Greater Noida Authority Builder Plot Scheme

The Greater Noida Industrial Development Authority (GNIDA) has unveiled an exciting new opportunity for real estate developers with the launch of the Greater Noida Authority Builder Plot Scheme 2024. This initiative, starting on July 2, 2024, aims to meet the rising demand for residential spaces by providing plots for the construction of approximately 8,000 apartments. Here’s a comprehensive look at the scheme, its features, and the registration process.

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About Greater Noida Authority Builder Plot Scheme 2024

The Greater Noida Authority Builder Plot Scheme 2024 is designed to facilitate the growth of residential real estate in Greater Noida. The GNIDA has made available five builder plots across five different regions within Greater Noida. This scheme comes in response to the increasing demand for housing in the area and aims to leverage the well-developed infrastructure and strategic location of these plots to attract developers.

The five sectors where the plots are located—Mu, Sigma 3, Alpha 2, Pi One, Omicron One A, and Sigma 3—are well-connected to major highways and future infrastructure projects, making them prime locations for residential development. The initiative is expected to generate around Rs 500 crore in revenue based on the reserve prices set for these plots.

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Key Dates for Greater Noida Authority Builder Plot Scheme 2024

  • Starting of Registration: July 2, 2024
  • Registration Last Date: July 23, 2024
  • Documents Submission Deadline: July 29, 2024

These key dates are crucial for developers interested in participating in the scheme. The registration period is relatively short, emphasizing the need for prompt action from interested parties.

Greater Noida Authority Builder Plot Scheme Features

The scheme boasts several attractive features that make it an appealing opportunity for developers:

  • Prime Locations: The plots are situated in sectors Mu, Sigma 3, Alpha 2, Pi One, Omicron One A, and Sigma 3. These areas are well-connected by the Eastern Peripheral Expressway (EPE) and the Yamuna Expressway, ensuring seamless connectivity to Agra, Mathura, and the upcoming Noida International Airport in Jewar.
  • Varied Plot Sizes: The plot sizes range from 3,999 to 30,470 square meters, catering to different scales of development projects.
  • Total Land Allocation: A total of 99,000 square meters of land has been allocated under this scheme.
  • Competitive Pricing: The reserve price for the plots varies between Rs 48,438 to Rs 54,493 per square meter, depending on the location and size of the plot.
  • Significant Revenue: The estimated total revenue from the sale of these plots is approximately Rs 500 crore, highlighting the scale and potential impact of the scheme.
  • Allotment Process: Plots will be allocated through an online auction, ensuring transparency and fair competition among bidders.

Greater Noida Authority Builder Plot Scheme Registration Process

The registration process for the Greater Noida Authority Builder Plot Scheme is straightforward but requires timely action:

  1. Online Registration: Interested developers must register online between July 2 and July 23, 2024. The registration process involves filling out the necessary details and submitting the application online.
  2. Document Submission: Applicants must submit all required documents by July 29, 2024. This ensures that only serious and eligible bidders participate in the auction.
  3. Earnest Money Deposit: At the time of application submission, applicants are required to deposit 10% of the reserve amount as earnest money. This demonstrates the bidder’s commitment and seriousness.
  4. Online Auction: The exact date for the online auction has not yet been announced. The auction will be conducted online, allowing for a transparent and competitive bidding process.
  5. Payment Plan: The winning bidder must pay the total amount within 90 days of receiving the allocation letter. This provides a clear timeline for the financial commitment required.

The Greater Noida Authority Builder Plot Scheme 2024 presents a lucrative opportunity for developers to invest in prime real estate in a rapidly growing region. With its strategic locations, competitive pricing, and transparent allocation process, the scheme is set to attract significant interest from the real estate community. Developers are encouraged to act quickly to take advantage of this limited-time offer and contribute to the development of Greater Noida’s residential landscape.

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