The Noida Authority has launched a new industrial plot scheme aimed at utilising vacant land, marking the first such initiative since implementing the unified industrial allotment policy in February, according to Hindustan Times.
The scheme, which will allocate 12 plots of varying sizes through e-auction, focuses on identifying and utilising land previously deemed vacant in industrial sectors. As per the report, the scheme opened on Monday and will remain active until August 4, 2025.
“We have launched this scheme to provide an opportunity for entrepreneurs looking to establish units in the city and generate employment. It’s a unique chance for those seeking industrial plots in Noida,” Lokesh M, CEO of the Noida Authority, was quoted by HT as saying.
According to officials, the plots are located in well-connected industrial sectors— Sectors 7, 8, 10, 80, and 162. As per the report, Sector 80 has the highest number of plots (five), followed by two plots each in Sectors 8, 10, and 162, and one in Sector 7. The Noida Authority has launched this scheme in phases, with the last phase being implemented in May 2025.
According to the report, the plot sizes range from approximately 111 square metres to 7,430 square metres, with reserve prices starting at around ₹56 lakh and increasing to ₹16 crore for the largest plot.
Officials concerned were quoted by HT as saying that the scheme was launched after a detailed survey of Phase-1 and Phase-2 industrial sectors, which helped identify viable vacant plots.
Applicants must submit an earnest money deposit (EMD) based on the plot’s reserve price, along with a non-refundable processing fee of ₹29,500 and a document fee of ₹5,900, the report added. As per the scheme guidelines, successful bidders must establish their industrial units within three years of allotment.
According to the report, allottees will have the option to make a full and final payment of the total premium within 90 days from the date of the allotment letter, in which case a 2% rebate will be applied to the total plot premium.
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