The Greater Noida Industrial Development Authority (GNIDA) opened the way for the development of almost 8,000 units on July 2 by launching the builder plot program. There are presently five builder plots available for purchase in five different Greater Noida locations, according to the government. Officials said that, depending on the reserve price, they expect to make around Rs 500 crore from the transaction. In this article you get every necessary information regarding this scheme such as benefits, eligibility, documents, objective and apply online.
Greater Noida Authority Builder Plot Scheme
The builder plots project was started by the Greater Noida Industrial Development Authority (GNIDA) in response to a rise in demand for residential real estate. Under the program, developers will be allowed to construct around 8,000 flats in these five areas which have sufficient connectivity and infrastructure.
There are presently five builder plots available for purchase in five different Greater Noida locations, according to the government. Based on the reserve price, the expected earnings from the transaction is around Rs 500 crore.
Overview Of Greater Noida Authority Builder Plot Scheme
| Name of the scheme | Greater noida authority builder plot scheme |
| Started by | Greater Noida Industrial Development Authority (GNIDA) |
| Beneficiaries | Citizens |
| Objective | To construct around 8,000 flats |
| Official Website | _____ |
Key Dates Of Greater Noida Authority Builder Plot Scheme
| Events | Key Dates |
| Starting of Registration | 2 July 2024 |
| Registiron Last Date | 23 July 2024 |
| Documents Submission | 29 July 2024 |
Features Greater Noida Authority Builder Plot Scheme
- Location: Plots are located in sectors Mu, Sigma 3, Alpha 2, Pi One, Omicron One A, and Sigma 3. Connected to these sectors are the Eastern Peripheral Expressway (EPE) and the Yamuna Expressway, which connect Greater Noida to the ancient cities of Agra and Mathura. These industries would also be connected to the proposed Noida International Airport in Jewar.
- Size of Plot: The sizes of the plots range from 3,999 to 30,470 square meters (sq m). The plan would provide 99,000 square meters of land, according to the Greater Noida Authority.
- Cost: The reserve price ranges from Rs 48,438 to Rs 54,493 per square meter, depending on the land’s size and location. These five pieces of land will cost around Rs 500 crore in total at the reserve price.
- Allotment: Plots will be distributed through an online auction, the date of which has not yet been disclosed. The application deadline is 23 July. The first day of registration for the plan was 2 July. Interested applicants must submit their documents by 29 July.
- Plan of Payment: Candidates must submit 10% of the reservation amount as earnest money at the time of application submission. After the allocation notification is sent, the successful bidder has ninety days to pay the whole amount.
Registration Process
The date of the online auction, which will be used to allocate plots has not yet been determined. The registration period for the plan opened on 2 July and runs until 23 July. The deadline for interested parties to submit in their papers is 29 July.
FAQ’s
Who started the Greater Noida Authority Builder Plot Scheme?
The Greater Noida Industrial Development Authority (GNIDA) established the initiative.
What is the deadline for applying to the scheme?
The registration deadline is 23 July 2024.
How to apply for this scheme?
The details are given above.