Noida, Greater Noida Discuss Industrial Plot Allocation

10 Oct 2023 CW Team

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.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..