Greater Noida authority launches ₹3,600-crore commercial plot scheme
NOIDA: Greater Noida Industrial Development Authority (GNIDA) has launched one of its biggest commercial land schemes in recent years.
It's offering 37 plots across major sectors with a combined reserve price of Rs 3,604 crore. All allotments will be made through e-auction, dates of which will be notified later.
The plots — under FAR 4 and FAR 2 norms — are meant for commercial complexes, retail hubs, offices and mixed-use developments.
GNIDA says that FAR-4 plots may be used for malls, showrooms, hotels, offices and banquet halls, while FAR-2 plots are for retail shops, service outlets, restaurants and small commercial establishments.
The completion period is five years, with Phase-I to be finished in three years.
No amalgamation or sub-division of plots is allowed; consortiums are permitted but cannot change until project completion.
Registrations opened on Nov 13 and will close on Dec 5, officials said.
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