By Team Homes | Tuesday, 27 February 2024

Noida Authority designs Scheme for 25 plots in 11 sectors via e-auction

As per the official sources, the Authority of Noida has crafted a scheme to build 25 commercial plots in 11 various sectors of the city. The augmented reserved price of commercial plots is hooked at Rs. 105.5 crore.

The sources say that the last date of registering to opt the perks of the scheme is March 7 and the plots will be fixed via e-auctionThe commercial plots ranges from 18 sqm (square metres) to 316 sqm and they were situated across 11 sectors in Noida.

The fixed price of these commercial plots varies from Rs. 49.11 lakh to Rs. 6.60 crore. The Earnest Money Deposit value (EMD) for these plots will be around 10 percent of the plot price or amid Rs. 4.9 lakh and Rs. 66 lakh.

The plot price depends on the location and size of the plot.  As well, the applicants who registered for this scheme will have to pay the non-refundable processing fees to take part in the process of e-auction.

On this regard, an official person subjected to this matter said, “Out of the 25 plots, six commercial plots are located in Sector 84A (Hosiery Complex), four in Sector 16, three in Sector 31, two each in sectors 70, 71, 80, 82 and one plot each in sectors 39, 40, 64 and 69. The scheme was floated on February 16 and will continue till March 7”.

Further he added “These commercial plots are at prime locations near markets, Metro stations, and in office areas in the Noida city, and can turn out to be better investment avenues for business purpose. We are hopeful of good response from the buyers".