GNIDA Authority’s commercial plot, The Greater Noida Authority has initiated a scheme for 12 commercial plots, which, if fully allotted, will lead to the construction of 12 additional commercial complexes in Greater Noida. This will enhance the convenience for Greater Noida residents in purchasing daily necessities. The reserve price for these 12 plots amounts to approximately Rs 1014 crore. These opportunities cover shopping malls, multiplexes, convenient sector shopping. These are available in various sectors as well as in the adjoining residential areas.
The Greater Noida Industrial Development Authority floats regular schemes from time to time for commercial sector allotments. Avenues of investment in the commercial space include: Plots, Built-up space, Kiosks facilities, etc.
GNIDA Authority’s commercial plot
Under the guidance of CEO NG Ravi Kumar, the commercial department of the Greater Noida Authority introduced this scheme on Monday. OSD Santosh Kumar of the Authority mentioned that registration for these plots began on June 26. The plots vary in size from 3600 square meters to 10600 square meters and are distributed across different sectors in Greater Noida.
OSD Santosh Kumar also informed that the brochures for these plots can be downloaded starting from June 26. The deadline for registration in the scheme is July 16, while the last date for submitting processing fees and documents is July 19. The allocation of these plots will be conducted through an auction process exclusively. The entire application and allotment process will be carried out online, with applications being accepted through the SBI portal.
GNIDA Authority’s commercial plot
Moreover, the SBI portal has been integrated with the Greater Noida Authority’s website to facilitate applicants in applying directly through the Authority’s website. ACEO Annapurna Garg of the Greater Noida Authority stated that the commercial plot scheme was launched in response to the demands of investors and the necessities of Greater Noida residents. Once the allotment process is finalized, possession of the plots will be granted promptly, leading to the fulfillment of daily requirements for nearby residents.