+
GNIDA launches Rs 800 cr scheme to offer plots to investors
Real Estate

GNIDA launches Rs 800 cr scheme to offer plots to investors

The Greater Noida Industrial Development Authority (GNIDA) has commissioned a scheme to allot industrial plots to investors.

A senior official told the media the land allocation would be done through interview or draw in the first week of November based on the applications received till October 31. With these allocations, the Authority is likely to rake in around Rs 800 crore and render job opportunities to about 3,000 people.

Greater Noida CEO Narendra Bhushan told the media that industrial plots would be provided in the Authority’s Ecotech-8, Ecotech-6, Ecotech-One, Ecotech-10, Extension One, Ecotech-11 and 16 sectors. Green category enterprises that are non-polluting can be installed on these plots, varying from 450 sq m to 20 acre.

GNIDA has decided to install eight new industrial sectors to satisfy investors’ demands. To promote this, the process of acquiring about 900 hectares of land has started. In 2020, plots varying from 1,000 sq m to 20 acre were rendered to 48 investors, Bhushan said.

In the last 4.5 years, 391 investors from across the nation and overseas have acquired land under the Greater Noida Authority to establish factories. These projects have attracted investments of around Rs 26,530 crore. These involve Chinese firms like Oppo and Vivo, the Hiranandani Group and Inox Air.

Image Source

The Greater Noida Industrial Development Authority (GNIDA) has commissioned a scheme to allot industrial plots to investors. A senior official told the media the land allocation would be done through interview or draw in the first week of November based on the applications received till October 31. With these allocations, the Authority is likely to rake in around Rs 800 crore and render job opportunities to about 3,000 people. Greater Noida CEO Narendra Bhushan told the media that industrial plots would be provided in the Authority’s Ecotech-8, Ecotech-6, Ecotech-One, Ecotech-10, Extension One, Ecotech-11 and 16 sectors. Green category enterprises that are non-polluting can be installed on these plots, varying from 450 sq m to 20 acre. GNIDA has decided to install eight new industrial sectors to satisfy investors’ demands. To promote this, the process of acquiring about 900 hectares of land has started. In 2020, plots varying from 1,000 sq m to 20 acre were rendered to 48 investors, Bhushan said. In the last 4.5 years, 391 investors from across the nation and overseas have acquired land under the Greater Noida Authority to establish factories. These projects have attracted investments of around Rs 26,530 crore. These involve Chinese firms like Oppo and Vivo, the Hiranandani Group and Inox Air. Image Source

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?