Latest news with #Ecotech-IExtension
Time of India
a day ago
- Business
- Time of India
Greater Noida authority initiates processfor allocation of 40 industrial plots
Lucknow: The Greater Noida Industrial Development Authority (GNIDA) has initiated the process to allot 40 industrial plots in key sectors, including Ecotech, Udyog Kendra, and Udyog Vihar, in Gautam Buddha Nagar, an official spokesperson said on Friday. Tired of too many ads? go ad free now "These industrial plots, ranging in size from 450 to 8,000 square metres, will be available for entrepreneurs seeking to establish industrial units. The reserve price is fixed between ₹28,600 and ₹33,950 per square metre," they said. Stating that a key highlight of this scheme is that applicants will be allowed to establish industrial units under 242 permitted categories, they said: "However, 27 types of industries—including distilleries, petrochemicals, and fertilisers—will be excluded, while five categories, such as dyeing and bleaching, may be permitted on a restrictive basis." Simultaneously, the GNIDA also began the bulk land allotment process for the development of a Multi-Modal Logistics Park near Dadri. Under this initiative, services such as intermodal container terminals, cargo handling yards, mechanised warehouses, cold storage facilities, logistics terminals, customs clearance zones, freight forwarding services, and transportation hubs will be established on Plot No. 1 in Sector Kappa-2, covering an area of 174.12 acres. This strategic location enjoys proximity to Jewar Airport and connectivity to both the Eastern and Western Dedicated Freight Corridors, ensuring seamless logistics and transportation. The land allotment rate for the logistics park is fixed at ₹11,000 per square metre. Units eligible under the Multi-Modal Logistics Park Policy-2024 will receive special benefits. Tired of too many ads? go ad free now Only developers with a minimum investment of ₹1,200 crore and at least 10 years of experience in the logistics sector are eligible to participate in the scheme. The application window for this scheme will remain open until June 23. Plots are available in the following locations: Ecotech-XI, Ecotech-III, Udyog Kendra Extension-I, Ecotech-I Extension, Ecotech-II, Udyog Vihar Extension, Ecotech-VI Block B, and Ecotech-X. Allotments will be made through an e-auction process, with the brochure download already commenced. The last date for registration is June 16. The last date for payment of registration, EMD, and processing fees is June 18, and the final submission deadline is June 20.
Time of India
3 days ago
- Business
- Time of India
40 industrial plots up for grab off freight corridors in Noida
Noida: In a bid to boost industrial growth and employment in the region, the Greater Noida Industrial Development Authority (GNIDA) has launched a new scheme to allot 40 industrial plots through e-auction. The plots, ranging from 450 sqm to 8,000 sqm, are expected to generate revenue of around Rs 400 crore from their reserve price alone. Officials estimate that once allotted, these plots could attract investments of up to Rs 800 crore and generate nearly 10,000 job opportunities. Spread across several industrial sectors, the scheme's largest share, 27 plots, is located in Ecotech XI, which offers plot sizes from 1,000 sqm to 8,000 sqm. Reserve prices here range from Rs 28,000 to Rs 34,000 per sqm. Ecotech-I Extension features seven plots, catering primarily to mid-sized enterprises. Two plots each are available in Ecotech VI and Ecotech X, while Ecotech III has one plot on offer. The scheme will see the allotment of nearly 40 acres of industrial land. According to GNIDA officials, the scheme offers several key advantages, including proximity to the upcoming Noida International Airport, and connectivity to both the Eastern and Western Dedicated Freight Corridors. All plots come with ready-to-move infrastructure in a smart, sustainable industrial zone. Participants can opt for dynamic bidding, where a single earnest money deposit (EMD) makes them eligible to bid for multiple plots, provided the EMD covers the combined reserve values. Alternatively, they can choose single bidding for individual plots. All plots are free of encumbrances, with possession promised within 30 days of allotment on an "as is where is" basis. Allottees will have three years to complete their industrial projects. They can either pay the entire land cost within 90 days to avail a 2% rebate or choose a deferred payment plan: 40% within two months, and the rest over four years in eight half-yearly instalments, with applicable interest.
