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The Greater Noida Industrial Development Authority (GNIDA) has launched a premium group housing plot scheme near the upcoming Noida International Airport. This ambitious initiative includes three prime plots available through e-bidding, with the largest plot commanding a reserve price of ₹152 crore. This scheme is set to attract significant interest, highlighting GNIDA’s strategic efforts to develop the region into a key real estate hub.
Key Details of the Auction
Plots on Offer
GNIDA has put three high-value plots up for auction:
- Sector Mu: A plot spanning 18,215 sqm, priced at ₹97 crore.
- Sigma III: A 30,000 sqm parcel with a reserve price of ₹152 crore.
- Alpha II: A smaller 3,999 sqm plot, valued at ₹25 crore.
These plots are strategically located near the Noida International Airport in Jewar and are well-connected to major transportation corridors.
Also Read: Yeida Sets Land Rates for Agricultural Acquisition Near Noida Airport
E-Bidding Process
The plots are being auctioned through an e-bidding process to ensure transparency and accessibility. Registrations for the scheme are open until July 4, 2025, allowing interested buyers ample time to participate.
Strategic Location Benefits
The plots are positioned to capitalize on the advantages of proximity to the Noida International Airport, which is expected to begin operations soon. Key benefits include:
- Connectivity: Seamless access to the Noida and Yamuna Expressways and the Eastern and Western Dedicated Freight Corridors.
- Demand Drivers: Enhanced connectivity will boost demand for housing, particularly among professionals in aviation, logistics, and allied sectors.
- Spacious Living Options: Greater Noida offers more affordable and spacious living opportunities compared to other areas in Delhi-NCR
Rising Demand for Residential Properties
The Noida International Airport is poised to transform the region into a bustling economic and residential hub. GNIDA anticipates a surge in housing demand driven by:
- Economic Growth: Increased employment opportunities in aviation, logistics, and hospitality.
- Urban Development: Ongoing infrastructure projects that elevate the area’s livability.
- Migration Trends: Professionals and families are likely to prefer homes closer to their workplaces, fueling demand for residential properties.
Terms of the Scheme
Payment Terms
The scheme provides clear and structured payment requirements:
- Successful bidders must deposit 10% of the premium as earnest money with their applications.
- The remaining 90% must be paid within 90 days of receiving the allotment letter.
Development Timelines
- Lessees are required to complete construction in phases, adhering to the approved layout plan.
- The first phase must be completed within three years of lease deed execution, with the entire development to be finished within seven years.
- Delays will incur extension charges on a pro-rata basis, as per GNIDA’s policy.
Possession and Approvals
- Successful bidders will receive possession of the plot within 30 days of allotment.
- Lessees must obtain layout plan approvals and occupancy certificates for each phase.
Also Read: Top 9 Construction Companies in Noida: Building the Future
Future Outlook for Greater Noida
GNIDA’s strategic initiatives are expected to strengthen Greater Noida’s position as a premier real estate destination in Delhi-NCR. The proximity to the Noida International Airport, coupled with robust infrastructure development, positions the region for:
- Long-Term Growth: Sustained demand for residential and commercial properties.
- Investment Opportunities: Attractive prospects for investors seeking high returns.
- Urban Expansion: Greater Noida’s transformation into a modern urban center.
The Greater Noida Industrial Development Authority’s premium group housing plot scheme underscores the region’s potential as a real estate hotspot. By offering well-located plots with excellent connectivity and robust development plans, GNIDA is paving the way for substantial economic and residential growth.
The scheme not only highlights GNIDA’s commitment to regional development but also presents a lucrative opportunity for investors and developers. With registrations open until July 4, now is the time to secure a stake in Greater Noida’s promising future.
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Ans 1. The GNIDA housing plot scheme is designed to transform Greater Noida into a leading real estate hub, capitalizing on its strategic location near the Noida International Airport. The initiative focuses on attracting investors and developers to the region, bolstering economic and residential development.
Ans 2. The scheme includes three premium plots with reserve prices set to reflect their strategic value. The largest plot, located in Sector Sigma III, is priced at ₹152 crore for 30,000 sqm. Another significant plot in Sector Mu is offered at ₹97 crore for 18,215 sqm, while the smallest plot, in Alpha II, is available for ₹25 crore for 3,999 sqm.
Ans 3. The auction process is conducted through an e-bidding system, ensuring transparency and accessibility for participants. Interested parties can register for the scheme until July 4, 2025, and participate in a fair and competitive bidding environment.
Ans 4. These plots are strategically positioned near the Noida International Airport, which is expected to be a major catalyst for economic and infrastructure development in the region. The plots are also well-connected to key transportation routes, such as the Noida and Yamuna Expressways, and the Dedicated Freight Corridors, making them highly attractive for residential and commercial projects.
Ans 5. The demand for housing in Greater Noida is fueled by the anticipated economic growth associated with the airport, including job creation in aviation, logistics, and hospitality. Urban development initiatives and improved connectivity make the region a preferred choice for professionals and families looking to live closer to emerging economic centers.
Ans 6. To secure a plot, successful bidders must submit 10% of the premium as earnest money along with their application. The remaining 90% must be paid within 90 days of receiving the allotment letter. This structured payment plan ensures commitment from participants and facilitates timely project initiation.
Ans 7. GNIDA requires lessees to adhere to phased construction timelines. The first phase of development must be completed within three years of executing the lease deed, while the entire project must be finished within seven years. Extensions for delays are allowed but incur additional charges.
Ans 8. Successful bidders will be granted possession of their plots within 30 days of allotment. This ensures that development can commence promptly, aligning with the authority’s broader vision for the region.