Commercial & Institutional plots are ready for sale in Greater Noida

The Noida authority on October 20 launched a commercial plot scheme on land which was earlier allotted to Wave Group in sectors 25 and 32; the Greater Noida authority has decided to launch a scheme by offering 12 plots- for senior secondary schools, hospitals, nursing home, and training institutes.

The three industrial bodies of Noida, Greater Noida and the Yamuna Expressway have come up with different plots schemes for commercial, institutional and other businesses to cash in on the demand for land before Diwali.

Now the authority has carved out smaller commercial plots from the land parcel that was surrendered by Wave Group.

According to the officials, the last date to submit applications is November 18. The authority will decide the auction date later and will inform the applicants.

 As Naveen Kumar Singh Officer on special duty, Greater Noida authority, says that, “The plots will be allotted through e-auction. Whosoever places the highest bid against a plot will get the plot. The plots are free of legal encumbrances and the authority will offer possession within 30 days of allotment’’.

The hospital plot has 10,005 square meters, which is located in Sector MU, and has a reserve price of Rs.35 crore. The 4,439 square metre plots in Sector 10 have a reserve price of Rs.19 crore. The nursing home plot of 2,511 square metres in Knowledge Park-1 has a reserve price of Rs.10 crore.

The three training institute plots of 2,000 square metre are located in Sector 4 and have a reserve price of Rs.5 crore each and a 2,001 square metre plot in Knowledge Park-1 has a reserve price of Rs.5 crore. Two plots of 4,000 square metres that is meant for training institute has a reserve price of Rs.11 crore.

According to Arun Vir Singh,Chief Executive Officer,of Yeida,says that “We will launch a plot scheme for institutional land before Diwali. We will also launch a residential plot scheme if the paper work and permission from the Uttar Pradesh Real Estate Regulatory Authority will come soon”.