Noida, Greater Noida Discuss Industrial Plot Allocation
Real Estate

Noida, Greater Noida Discuss Industrial Plot Allocation

The officials in Noida and Greater Noida convened a hurriedly organized online board meeting to review strategies for allotting industrial plots. The CEOs of the two bodies, the Lucknow Industrial Development Commissioner, and other top officials attended the hour-long meeting.

The board discussed plots that could be assigned by a lottery and interviews. The move comes a few months after the two administrations voted in their board meetings to abandon the e-auction of plots in order to increase transparency.

The discussion was conducted to discuss plot allocation parameters. Plots in phases 2 and 3 of Noida, for example, would be assigned through a draw, whereas those in phase 1 would be done through an e-auction. Officials stated that they used an e-auction for Phase 1 because there were fewer plots available.

For registration, applicants must pay 10% of the entire price up ahead. Those enrolling for large plots over 4,000sqm can only apply once. The plots will range in size from 250 to 4,000 square meters.

Applicants will be able to pay the total fee in one lump sum within 90 days after getting the allotment letter. They will receive a 2% discount on the premium amount.

Others can pay half of the total premium in 60 days and the rest in six half-yearly instalments over three years, plus interest.

The premium for each plot shall be calculated in accordance with the sector's authorized allotment rate. If the funds are not received on time, the allotment may be terminated. The registration fee, or 10% of the total, would be seized.

Applicants for plots greater than 4,000sqm must attend an interview. A list of 12 objectives would be assessed, including financial capabilities, anticipated investment, and technical experience. The cut-off point has remained at 65% of the criterion.

Noida Authority CEO Lokesh M stated that a policy would be issued soon to formalize the decisions made during the meeting. 

The officials in Noida and Greater Noida convened a hurriedly organized online board meeting to review strategies for allotting industrial plots. The CEOs of the two bodies, the Lucknow Industrial Development Commissioner, and other top officials attended the hour-long meeting.The board discussed plots that could be assigned by a lottery and interviews. The move comes a few months after the two administrations voted in their board meetings to abandon the e-auction of plots in order to increase transparency.The discussion was conducted to discuss plot allocation parameters. Plots in phases 2 and 3 of Noida, for example, would be assigned through a draw, whereas those in phase 1 would be done through an e-auction. Officials stated that they used an e-auction for Phase 1 because there were fewer plots available.For registration, applicants must pay 10% of the entire price up ahead. Those enrolling for large plots over 4,000sqm can only apply once. The plots will range in size from 250 to 4,000 square meters.Applicants will be able to pay the total fee in one lump sum within 90 days after getting the allotment letter. They will receive a 2% discount on the premium amount.Others can pay half of the total premium in 60 days and the rest in six half-yearly instalments over three years, plus interest.The premium for each plot shall be calculated in accordance with the sector's authorized allotment rate. If the funds are not received on time, the allotment may be terminated. The registration fee, or 10% of the total, would be seized.Applicants for plots greater than 4,000sqm must attend an interview. A list of 12 objectives would be assessed, including financial capabilities, anticipated investment, and technical experience. The cut-off point has remained at 65% of the criterion.Noida Authority CEO Lokesh M stated that a policy would be issued soon to formalize the decisions made during the meeting. 

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?