Greater Noida Authority to Auction 10 Premium Residential Plots Starting from ₹27 Lakh
The Greater Noida Authority (GNIDA) has announced the launch of an e-auction for 10 premium residential plots located across key sectors in the region. These plots, ranging from 51 sqm to 500 sqm, are priced between ₹27 lakh and ₹2 crore, offering a wide range of options for potential buyers.
This initiative is a significant opportunity for individuals seeking to invest in residential land in Greater Noida. The plots available include a variety of sizes and locations, catering to different budgets and preferences. Seven plots are located in Sector 2, with sizes of 220 sqm each and reserve prices ranging from ₹1.14 crore to ₹1.20 crore. The largest and most expensive plot, spanning 500 sqm, is located in Sigma 2, with a starting price of over ₹2 crore. Additionally, for buyers interested in more compact options, a 51-square-metre plot in Beta 2 is available at ₹26.75 lakh, and a 200-square-metre plot in Delta 2 can be acquired for ₹1 crore.
The GNIDA has designed a user-friendly payment system for those who wish to participate in the e-auction. Applicants are required to deposit 10% of the total premium as registration money. Successful bidders will need to pay 25% of the total premium as allotment money within 15 days of receiving the allotment letter. The remaining 75% can be paid in two ways: either through full payment within 60 days, which includes a 2% rebate on the bid price, or in four quarterly installments over the course of a year, with simple interest. The residential plots are offered on a leasehold basis for a period of 90 years, and the properties will be allotted on an “as is, where is” basis, meaning that the plots are available in their current condition without any alterations. GNIDA has advised interested applicants to visit the sites in person before applying for the auction to ensure they are fully aware of the condition of the plots.
This scheme marks an important move towards providing premium residential opportunities in Greater Noida, a rapidly developing urban hub. The e-auction format ensures a transparent and efficient process, allowing potential buyers to participate in the allocation of these coveted plots from the comfort of their homes. Possession of the plots will be handed over within 30 days of completing all formalities, ensuring a quick and hassle-free process for successful bidders. With the growing demand for residential spaces in Greater Noida, this move is expected to attract a lot of interest from both end-users and investors alike, contributing to the city’s continued urban growth. Whether you’re looking for a spacious plot for a family home or a smaller, more manageable property, the GNIDA’s latest offering provides diverse options to suit a variety of needs. This auction provides an excellent opportunity for those looking to secure a prime residential plot in Greater Noida. With competitive pricing, a straightforward payment structure, and quick possession, the scheme is set to be a sought-after event for potential homeowners and investors alike.
