GNIDA offers housing plots near Noida airport, one costs Rs 152cr
Noida: Greater Noida Industrial Development Authority (GNIDA) has unveiled a premium group housing plot scheme near the upcoming Noida International Airport, with the largest parcel commanding a reserve price of Rs 152 crore.
The Authority has put three prime plots on the auction block through e-bidding — 18,215sqm in Sector Mu with a reserve price of Rs 97 crore, a 30,000sqm plot in Sigma III with a reserve price of Rs 152 crore, and a 3,999sqm land parcel in Alpha II with a base price of Rs 25 crore.
Officials said these parcels were strategically located near the upcoming airport and offered excellent connectivity to both the eastern and western dedicated freight corridors, as well as the Noida and Yamuna expressways.
The proximity to the airport in Jewar, which is likely to be operational soon, is expected to drive substantial demand for residential properties in the region.
"Once the airport starts operations, it will significantly enhance regional and international connectivity, creating a housing demand from professionals in aviation, logistics, hospitality, and allied sectors who prefer living close to their workplace.
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That way, Greater Noida is an attractive proposition, offering more spacious and affordable living options compared to other Delhi-NCR localities," an official said.
According to the scheme document, successful bidders must deposit 10% of the premium as earnest money with their applications. The remaining 90% should be paid within 90 days of receiving the allotment letter.
The development timeline requires lessees to complete construction in keeping with the approved layout plan and obtain occupancy certificates in a maximum of five phases within seven years of executing the lease deed. The first phase must be completed within three years, failing which extension charges on pro-rata land will apply according to the prevailing policy.
The scheme, launched on Friday, will accept registrations till July 4.
Successful bidders will receive possession within 30 days of allotment.
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