The Greater Noida Industrial Development Authority (GNIDA) has taken the initiative launch the Greater Noida Authority Commercial Plot Scheme. Under this scheme the authority intends to sell the 12 commercial plots located in four different areas of Greater Noida. These plots can be used to build malls, commercial building and other retail places. Altogether reserve price for these 12 commercial plots will be about Rs. 1,014 Crore. The registration process for this scheme has been started from June 26, 2024 and will end on July 16, 2024, however the processing fee must be paid by July 19, 2024. Allotment of the plots will be done through an online auction. After the allotment, the plots will be in the possession of the beneficiary within 30 days. Further this article will provide you some more information on the scheme.
About Greater Noida Authority Commercial Plot Scheme
The commercial plots are available between the range of 3,600 to 10,600 square meters. There are 12 commercial plots available in four different areas under which three plots are in Sector 10, five plots are located in Sector 12, three plots are in Sector Delta 1 and one plot in Sector 1. Beneficiaries can build up to 400% of the plot area as the Floor Area Ratio is fixed up at 4. The permission to cover the ground is up to 40% and the entire process will be done online. Under this scheme the reservation price for the commercial plots is Rs. 90,821 per square meter, so the total cost of 12 plots will be about Rs. 1,014 Crore. Applicant should pay 10% of the reserve price as registration money. Winner will have the option to pay the total amount within 90 days of receiving the allotment letter and get a 2% discount or winner can pay 40% amount within 60 days and the rest amount in six equal half-yearly installments over three years.
Key highlights Of Greater Noida Authority Commercial Plot Scheme
| Name of the Portal | Greater Noida Authority Commercial Plot Scheme |
| Launched By | Greater Noida Industrial Development Authority (GNIDA) |
| Started for | Residents of India |
| Objective | To promote development in the city |
| Benefits | Development of the city |
| Beneficiaries | Residents of India |
| Year | 2024 |
| Mode of Application | SBI Portal |
| Official Website | To be released soon |
Objectives Of Greater Noida Authority Commercial Plot Scheme
The objectives of the Scheme are as follows:
- The primary objective of launching the Scheme is to promote the development of the city.
- This scheme will lead to progress in the city and many facilities will be provided.
Benefits & Features Of Greater Noida Authority Commercial Plot Scheme
Here are some benefits & features of the Scheme, which are as follows:
- Under this scheme, the authority intends to sell the 12 commercial plots located in four different areas of Greater Noida.
- These plots can be used to build malls, commercial building and other retail places.
- Allotment of the plots will be done through an online auction.
- After the allotment, the plots will be in the possession of the beneficiary within 30 days.
- The commercial plots are available between the range of 3,600 to 10,600 square meters.
- Beneficiaries can build up to 400% of the plot area as the Floor Area Ratio is fixed up at 4. The permission to cover the ground is up to 40% and the entire process will be done online.
- Under this scheme the reservation price for the commercial plots is Rs. 90,821 per square meter, so the total cost of 12 plots will be about Rs. 1,014 Crore.
- Winner will have the option to pay the total amount within 90 days of receiving the allotment letter and get a 2% discount or winner can pay 40% amount within 60 days and the rest amount in six equal half-yearly installments over three years.
Eligibility Criteria
To be a part of the Scheme, candidates should fulfill these eligibility criteria:
- Applicant should be a permanent resident of India.
- Age of the applicant should be 18 years old or above.
Required Documents
To avail the benefit under this programme, candidates should have these following documents:
- Aadhaar Card
- PAN Card
- Voter ID Card
- Passport Size Photograph
- Mobile Number
- Email ID
Application Procedure Of Greater Noida Authority Commercial Plot Scheme
To apply for the Greater Noida Authority Commercial Plot Scheme, applicants need to use the SBI Portal. At the time of application, applicant must pay 10% of the reserve price as registration money. After receiving the allotment, winner will have the option to pay the total amount within 90 days of receiving the allotment letter and get a 2% discount or winner can pay 40% amount within 60 days and the rest amount in six equal half-yearly installments over three years.
FAQ’s
What is the key objective of Greater Noida Authority Commercial Plot Scheme?
The primary objective of launching the Scheme is to promote the development of the city.
What is the benefit of the Scheme?
Under this scheme, the authority intends to sell the 12 commercial plots located in four different areas of Greater Noida.
Who is eligible for the Scheme?
Residents of India of 18 years old or above are eligible for the scheme.
Who launched the Scheme?
The Greater Noida Industrial Development Authority (GNIDA) has taken the initiative launch the Greater Noida Authority Commercial Plot Scheme.