NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has unveiled one of its largest commercial land schemes in recent years.
The initiative features 37 plots across key sectors with a total reserve price of Rs 3,604 crore. All allocations will be done through e-auction, with dates to be announced later.
The plots, governed by FAR 4 and FAR 2 regulations, are designated for commercial complexes, retail centers, offices, and mixed-use developments.
GNIDA indicates that FAR-4 plots can host malls, showrooms, hotels, offices, and banquet halls, while FAR-2 plots are suitable for retail shops, service outlets, restaurants, and smaller commercial establishments. The project completion is set for five years, with Phase-I expected to conclude in three years.
Plot amalgamation or subdivision is prohibited; consortiums are allowed but cannot change until the project is completed.
Registrations commenced on Nov 13 and will close on Dec 5, according to officials.
Submissions for earnest money deposits (EMD) and processing fees are due by Dec 9, while document submissions should be completed by Dec 12.
The backbone of this scheme consists of 25 FAR-4 plots across Sector 3, Sector 10, Sector 12, Ecotech-1 Extension, and Ecotech-12.
In Sector 3, four plots of 10,000 sqm are each priced at Rs 105 crore, while an 8,730 sqm plot is listed at Rs 91.6 crore. Sector 10 offers a 9,250 sqm plot for Rs 97 crore and a 4,925 sqm plot at Rs 52 crore. In Sector 12, three 10,400 sqm plots are set at Rs 109 crore each.
The biggest cluster is located in Ecotech-1 Extension, where nine plots ranging from 8,880sqm to 20,000sqm have reserve prices between Rs 79 crore and Rs 178 crore. Two 20,000 sqm plots are the largest in the scheme. In Ecotech-12, five 20,000 sqm plots are priced at Rs 187 crore, while the largest plot—23,023 sqm—has a reserve price of Rs 216 crore. Additionally, a 2,313 sqm FAR-4 plot in Delta-II is valued at Rs 24 crore.
GNIDA has also released 12 FAR-2 plots across regions like ETA-1, Gamma-2, KP-V, Beta-II, Sector 36, Sector 37, and Zeta-1, catering to mid-sized commercial needs.
In ETA-1, a 7,455 sqm plot is available for Rs 50 crore, while Gamma-2 features a 2,782 sqm plot priced at Rs 19.5 crore. The largest FAR-2 parcel—22,366 sqm in KP-V—has a reserve price of Rs 172 crore. Sectors 36 and 37 offer several plots valued between Rs 10 crore and Rs 16 crore, and Zeta-1 includes two larger plots of 14,837 sqm (Rs 104 crore) and 6,814 sqm (Rs 48 crore).
Officials anticipate strong interest from developers, hospitality groups, retail chains, and institutional investors, citing factors like the upcoming Noida International Airport, new industrial corridors, and increasing commercial demand.
