3 days ago
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.
