Noida Authority launches e-auction for 25 commercial plots

The Noida Authority is initiating a scheme to allocate 25 commercial plots through e-auction, with a collective reserve price of approximately Rs 105.5 crore. Interested parties must register by March 7 to participate. These plots vary in size from 18 sqm to 316 sqm and are dispersed across 11 sectors in Noida. Notably, six plots are located in Sector 84A (Hosiery Complex), with others spread across sectors 16, 31, 70, 71, 80, 82, 39, 40, 64, and 69. The scheme, launched on February 16, targets prospective buyers seeking prime investment opportunities near markets, Metro stations, and office areas within the city.
Each plot's reserve price ranges from Rs 49.11 lakh to Rs 6.60 crore. Applicants must provide an earnest money deposit (EMD) equal to 10% of the plot's cost, varying between Rs 4.9 lakh and Rs 66 lakh based on size and location. Additionally, a non-refundable processing fee is required to participate in the e-auction process.
Noida Authority officials are optimistic about the scheme's success, highlighting the plots' strategic locations and potential as lucrative investment avenues for business purposes. With a goal of generating Rs 105 crore in revenue, the authority aims to attract enthusiastic responses from prospective buyers.
In summary, the Noida Authority's commercial plot scheme presents an opportunity for investors to acquire prime real estate assets in key sectors of the city. With a transparent e-auction process and varying plot sizes, the scheme caters to a wide range of investors. The authority's focus on strategic locations near essential amenities enhances the investment appeal of these plots, signaling a promising venture for interested buyers.

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Noida Authority launches e-auction for 25 commercial plots

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