Greater Noida Authority launches scheme for 22 commercial plots, eyes Rs 1,100 crore revenue

Greater Noida Authority Launches Scheme for 22 Commercial Plots, Eyes Rs 1100 Crore Revenue

The (GNIDA) has launched a scheme of 22 commercial plots with a floor area ratio (FAR, which dictates the size of the building about the size of the plot it is situated on) of 4 at a cumulative reserve price of Rs 1,100 crore. These plots range from 2,313 square meters to 11,500 square meters and are located in seven different sectors in Greater Noida, officials said.

They added that the last date of registration for the scheme is June 19 while documents can be submitted till June 26.

Anand Vardhan, the additional CEO of GNIDA, said the 22 commercial plots are located in seven sectors: Techzone 7, Ecotech 12, Sector 10, Sector 12, Alpha Commercial Belt, Alpha 2, and Delta 2.

“Out of 22 plots, four are located in Sector 10, five in Sector 12, one in Alpha Commercial Belt, one in Techzone 7, one in Ecotech 12, and five each in Alpha 2 and Delta 2. The facility to download the brochure has started from May 29. The last date to register for the scheme is June 19. The last date for submission of processing fee is June 22 and the last date for submission of documents is June 26,” Vardhan said.