The Yamuna Expressway Industrial Development Authority (YEIDA) has launched a scheme for the sale of five data centre plots in sector 28, along the expressway. According to officials, the applications for the scheme started from September 27. The scheme will be open till October 26.
“We have launched a scheme for data centre plots and are hopeful of getting a good response from relevant companies. The plots will be allotted based on an interview of the applicant," a YEIDA official told Moneycontrol on September 29, requesting anonymity.
Location
Spread along the Yamuna Expressway, these plots are in close proximity to the Eastern Peripheral Expressway, the proposed film city, the upcoming Noida international airport, and the leather manufacturing park.
Plot size
The plots are being offered in three sizes: 20,000 square metres (three plots), 40,000 sq m (1 plot), and 1,25,660 sq m (1 plot).
Price
The rates of these plots range between Rs 12,786 and Rs 15,497 per sq m, the scheme document said, and they’re priced between Rs 28.17 crore and Rs 176.7 crore. The prices vary depending on the size and location.
Registration fee
The registration fee has been fixed at 10 percent of the cost of the plot. Given the different categories, it falls between Rs 2.81 crore and Rs 17.67 crore.
How to apply?
Interested parties can download the application form and brochure from www.yamunaexpresswayauthority.com The application must be submitted on the Nivesh Mitra website — www.niveshmitra.up.nic.in
Applicants will have to deposit a non-refundable processing fee of Rs 25,000, excluding GST, with YEIDA, via RTGS/NEFT, after generating a challan from the Nivesh Mitra portal.
Allotment
These data centre plots will be allotted based on an interview and evaluation on objective parameters such as a company’s profile, its financial health, previous experience with similar projects, etc. Points would be given to applicants for each parameter. For instance, a Fortune 500 company may get a different score from a midcap company. The allotment will be done based on the final score.
Payment plan
Applicants will have to pay 30 percent of the total amount (including registration fee) within 60 days from the date of issue of the allotment letter. The remaining 70 percent shall be payable in 10 half-yearly EMIs. Ten percent interest will be charged on the outstanding amount.
Quote, unquote
Amit Sarin, Managing Director, Anant Raj Limited, a listed real estate company, said the move will help meet the burgeoning demand for data centre infrastructure.
Also Read: Anant Raj starts data centre business; to invest Rs 10,000 crore in 4-5 years
“There are high expectations of a substantial increase in investments in this sector in the coming years, with data centre needs projected to exceed 2,000 MW by 2025,” he added.
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