The Noida Authority has launched an ambitious commercial plot scheme, offering eight prime plots across an extensive area of over 1.6 lakh square metres in Sector 25A. This initiative, carrying a collective reserve price of ₹3,103 crore, is poised to attract significant interest from developers aiming to tap into Noida’s burgeoning commercial landscape.
The available plots, ranging in size from 17,645 square metres to 25,572 square metres, are designed specifically for large-scale commercial projects. Each plot boasts a Floor Area Ratio (FAR) of 4.5 and allows for 45% ground coverage, setting the stage for substantial developments. The reserve price for these plots starts at ₹1.83 lakh per square metre, with prices peaking at ₹1.86 lakh per square metre, depending on the specific plot. Among the offerings are three mid-sized plots, each measuring 17,645 square metres and priced at approximately ₹328 crore. Meanwhile, a notable plot of 23,160 square metres carries a reserve of ₹425.8 crore. The two largest plots, each spanning 25,572 square metres, are available for ₹468.25 crore, demonstrating a robust demand for substantial commercial space in the region. This scheme not only presents a lucrative opportunity for developers but also aligns with Noida’s vision of becoming a key commercial hub. Officials indicate that the plots are strategically located near critical urban infrastructure, including the Noida Stadium and City Centre Metro Station, enhancing their appeal.
Bid submissions for this lucrative scheme will commence on October 29, with a deadline set for November 22. Interested parties are required to submit a non-refundable processing fee of ₹5.9 lakh and an earnest money deposit ranging from ₹32 crore to ₹46 crore, depending on the plot size. In tandem with this commercial initiative, the Greater Noida Authority has unveiled a new institutional plot scheme, offering 12 plots across various sectors for educational and healthcare facilities. This additional scheme aims to address the growing need for quality infrastructure in these sectors, with a total reserve price of ₹163 crore. Public sentiment surrounding these initiatives is largely optimistic, with developers keen to capitalise on Noida’s rapid growth. The availability of such commercial and institutional plots underscores the region’s commitment to sustainable urban development, facilitating job creation and improving the quality of life for its residents. Sustainability is a core focus of these initiatives, with the Noida Authority striving to promote responsible development practices. As urban centres like Noida expand, the integration of commercial and institutional spaces is essential in creating a balanced ecosystem that supports economic growth while prioritising environmental stewardship.
