The Noida Authority launched the Noida Authority Plot Scheme to assist its residents in purchasing reasonably priced residential, commercial or industrial plots. All citizens who wish to purchase plots under this program must take part in the bidding process, which the Noida Authority has made public. In this post, you get every necessary information regarding this scheme including its objective, benefits, eligibility criteria, required documents, and online application procedure.
Noida Authority Plot Scheme 2024
The Noida Authority launched the Noida Authority Plot Scheme to assist its residents in purchasing reasonably priced residential, commercial, or industrial plots. The Noida Authority has mandated that real estate developers with delayed projects create escrow accounts with the Noida Authority and the developers working together to administer each account.
As a result, they will find it difficult to use the funds allocated for this scheme for other projects. By taking this move, the authority would get 7,000 crores from the city’s realtors. Moreover, as part of the scheme, the authority has asked the realtors to place half of the total sum they have collected into an escrow account.
Overview Of Noida Authority Plot Scheme 2024
Objective Of Noida Authority Plot Scheme 2024
The main objective of the scheme is to assist Noida residents in purchasing cheap residential, commercial or industrial plots. Real estate developers frequently misappropriate funds for unrelated projects, which delays the start of all projects. From the NOIDA Authority’s perspective, financial misappropriation would be reduced if all of them neglected to reimburse the NOIDA Authority for the cost of the land. Conversely, the recovery of the dues will encourage the procedure’s transparency.
Benefits Of Noida Authority Plot Scheme 2024
The benefits of the scheme is given below:
- Plots are available under the program for reasonable costs. In order for recipients who meet each income requirement to be eligible to buy a plot.
- The plots are in a desirable area with easy access to the metro.
- Payments may be made both online and offline with ease by applicants. Payment methods for the scheme are simple and convenient.
- To facilitate plot booking for all beneficiaries, the government has simplified the process. Both online and offline booking options are available to applicants.
- Plots bought under this program have the potential to be sold for a lot more money in the future, providing a substantial return on investment.
Eligibility Criteria
The eligibility criteria of the scheme is given below:
- The applicant has to be an Indian citizen.
- The applicant cannot have benefited from a government scheme by receiving a house or property.
- The applicant needs to be a minimum of 18 years old.
- Only the applicant, his or her spouse, or their children may apply for a residential property under the Noida Property Scheme 2022.
Required Documents
The required documents for the scheme are given below:
- Passport Size Photograph
- Aadhaar Card
- PAN Card
- Voter ID
- Birth Certificate
- Registration Certificate MOA of the society
- Partnership Deed Forms A and B
- MOA
- AOA
- Incorporate Certificate
- LLP Partnership Firm Agreement
- Trust Registration Certificate/Deed
Types of Plot Schemes
- Industrial Scheme
- Commercial Scheme
- Residential Scheme
- Group Housing Scheme
Key Details of Plot Summary
| Category | Noida Sectors | Number of Units | Area of Flats | Price Range |
| Lower Income Group | Sector 52, 61, 71, 82, 93, 99, 118, 135 | 314 | 66.82 Sq. Mt | Rs.45 Lakh to Rs.76 Lakh |
| Middle Income Group | Sector 62, 99, 135 | 5 | 74 Sq. Mt. to 91 Sq. Mt. | Rs.66 Lakh to Rs.90 Lakh |
| High-Income Group | Sector 62, 99, 135 | 16 | 153.57 Sq. Mt. | Rs.1.39 Crore to Rs.1.74 Crore |
| Duplex Units Group | Sector 62, 99, 135 | 3 | 180 Sq. Mt. | Rs.1.50 Crore to Rs.1.90 Crore |
Registration Fees
| Types of Noida Plot Schemes | Registration Fee | Document Fee |
| Industrial Plot Scheme | Not Disclosed | |
| Commercial Plot Scheme | Not Disclosed | |
| Residential Plot Scheme | Rs.2,300 | Rs.2,500 + Rs.450 GST |
| Group Housing Plot Scheme | Rs.20,000 + 18% GST | |
Applying Procedure Of Noida Authority Plot Scheme 2024
- First, you have to visit the Official Website of the scheme.
- The homepage will appear on your screen.
- Click on the live Land Allotment Scheme option in the citizen interface section.
- The next webpage has all of the Noida Plot Scheme’s many versions. Select the solution that best meets your requirements.
- Select the Noida plot scheme section then click on the apply online button. The industrial plot scheme for instance.
- When finished, a link to the SBI e-Tendering portal will appear. Look for the storyline that appeals to you the most. Here you may also find the land rates for the Noida Authority.
- You have to upload all the necessary documents and pay the registration price.
- Click on the submit your application.
FAQ’s
What is the full form of NOIDA?
NOIDA refers to the New Okhla Industrial Development Authority.
How many residential plots can I reserve under the Plot Scheme of the Noida Authority?
In this scheme applicant may reserve up to four residential plots. The state government must give them permission to create separate registrations for the same.
How can I submit an online application for a plot under the Noida Authority Plot Scheme?
To apply for a plot online using the scheme, go to the official Noida Authority website and follow the procedures.
What is the official website of the scheme?
https://noidaauthorityonline.in