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Authority is likely to get Rs 950 crore for auctioning 11 plots

Under the scheme, 11 plots are on auction, estimated construction of 10,000 flats, and brochures are available on the Greater Noida authority website.

The Greater Noida Authority has launched a scheme of group housing projects on 11 plots on a measure of 2.41 lakh sqm. On the basis of the reserve price, the authority will get about Rs 950 crore.

An official said that the allotment is being done through e-auction. It is estimated that the construction of 10,000 flats will be done on these lands.

The plots are in Zeta, Sigma3, Omicron 1A, Eta 2, Sector 36, Mu, Sector 10, and Sector 12, spreading over 10,120 sqm to 39,321 sqm in area.

The authority has released the brochures on the Greater Noida website. Registration fee, EMD (Earnest Money Deposit), and processing fee can be deposited till December 25. The last date for registration is December 25.

The plots will be made available to developers once the allotment is done.

The last date for submitting the documents is December 27.

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Ruchika Bhalla

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Ruchika Bhalla

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