The Noida Authority has launched a scheme offering 25 commercial plots across 11 sectors in the city, with a combined reserve price of Rs 105.5 crore, according to officials familiar with the matter.
Registration for the scheme is open until March 7, with the allocation of plots to be conducted through e-auction.
These plots range in size from 18 square meters (sqm) to 316 sqm and are situated across various sectors in Noida, officials revealed.
“Of the 25 plots, six are located in Sector 84A (Hosiery Complex), four in Sector 16, three in Sector 31, two each in sectors 70, 71, 80, and 82, and one each in sectors 39, 40, 64, and 69. The scheme, launched on February 16, will run until March 7,” the official stated.
The reserve prices for these plots vary from Rs 49.11 lakh to Rs 6.60 crore. The earnest money deposit (EMD) required will be 10 percent of the plot’s cost, ranging from Rs 4.9 lakh to Rs 66 lakh, depending on the size and location. Additionally, applicants will need to pay a non-refundable processing fee to participate in the e-auction process.
“These commercial plots are strategically situated near markets, Metro stations, and office areas in the city, making them promising investment opportunities for business ventures. We anticipate a favorable response from potential buyers,” the official added.
