Noida authority unveils scheme for 35 plots

Noida authority launched a scheme for 35 plots for industrial, commercial, and institutional use, with prices ranging from ₹65 lakh to ₹758 crore.

NOIDA: The Noida authority on Sunday said that it has launched a scheme offering 35 plots for allotment under industrial, institutional, commercial and hotel categories in the city.

The authority will also offer plots for schools, hospitals, nursing homes, corporate offices in this scheme. The total cost of these plots range from ₹65 lakh to ₹758 crore, said officials. (HT Archive)

The authority will also offer plots for schools, hospitals, nursing homes, corporate offices in this scheme. The total cost of these plots range from ₹65 lakh to ₹758 crore, said officials.

In a statement, Noida authority’s chief executive officer Krishna Karunesh said, “The scheme will become operational on May 19 and people can submit Earnest Money Deposit (EMD) by June 9. The final submission date is June 11.”

Under the industrial category, 19 plots ranging from 115 sqm to 8,000 sqm will be allotted in Sectors 3, 6, 7, 9, 10, 64, 80, 162 and Phase-II. These are for setting up manufacturing and processing units. The price of the plots ranges from ₹65 lakh to ₹18 crore in this category, said officials.

Under the institutional category, the Authority will allot plots for senior secondary schools, hospitals, nursing homes and corporate offices whose allotment will be done through an interview process, not e-auction, they said.

For these schools, the Authority has listed two plots - an 18,954 sqm plot in Sector 19 priced at ₹143 crore and a 5,230 sqm plot in Sector 42 priced at ₹21 crore. Two plots are also earmarked for hospitals - a 10,680 sqm plot in Sector 117 priced at ₹70 crore and a 10,224 sqm plot in Sector 145 priced at ₹89 crore, said officials.

Two plots are also earmarked for nursing homes. In addition, the Authority has offered two plots of 1,950 sqm each in Sector 153 for corporate offices, priced at ₹18.6 crore each.

In the commercial builder category for plots larger than 20,000 sqm, plots of varying sizes have been offered in Sectors 18, 96 and 93-B.

A 29,408 sqm plot has a reserve price of ₹758 crore - the highest in this scheme - while a 23,454 sqm plot in Sector 96 is priced at ₹401 crore. Similarly, a 37,058 sqm plot in Sector 93-B is priced at ₹547 crore, said officials.

In the commercial category, for plots smaller than 20,000 sqm, a 10,031 sqm plot in Sector 94 is priced at ₹186 crore, while a 2,536 sqm plot in Sector 18 is priced at ₹99 crore.

In addition to this, the Authority has earmarked three plots for hotels in Sectors 71, 124 and 142, ranging from ₹148 crore to ₹245 crore, said officials.