The Greater Noida Authority is auctioning five plots of land to raise at least INR 500 crore (approx. USD 61.7 million USD) and create around 8,000 new apartments. The online auction begins on July 2nd, with 99,000 square metres available across plots ranging from 3,999 to 30,470 square metres. Highlighting Greater Noida's green spaces, infrastructure, and NCR connections, the Authority aims to attract developers. Registration ends on July 23rd, with final document submissions due by July 29th. Successful bidders will gain immediate land possession, potentially transforming the city's housing landscape.
The Greater Noida Authority is offering a chance for developers to build new homes in the city. They are auctioning off five plots of land, expecting to raise at least INR 500 crore (approximately USD 61.7 million USD) and create approximately 8,000 new apartments.
The auction will be conducted online, with registration starting on July 2nd. The total area of land available is 99,000 square metres, spread across five plots in different sectors of Greater Noida. These plots range in size from a relatively small 3,999 square metres to a much larger 30,470 square metres.
The Greater Noida Authority is promoting the city as an attractive place to live, highlighting its green spaces, good infrastructure, and connections to other parts of the National Capital Region (NCR). They believe these factors will entice developers to participate in the auction, with the potential to build thousands of new apartments.
Those interested in participating can find more information and download brochures from the Greater Noida Authority website. Applications will be submitted online through a State Bank of India portal. The registration deadline is July 23rd, with a final deadline of July 26th for submitting registration fees, a deposit (EMD), and processing fees. Completed documents must be submitted by July 29th. Winners will be awarded possession of the land immediately after the auction is finalised.
This land auction could be a significant development for Greater Noida, with the potential to create thousands of new homes in the city. It will be interesting to see how many developers participate and how much the land ultimately sells for.
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