Noida Authority to offer 1,200 plots across multiple schemes
Real Estate

Noida Authority to offer 1,200 plots across multiple schemes

The Noida Authority is preparing to launch approximately 1,200 plots across various categories, including industrial, residential, commercial, and institutional, as part of upcoming schemes. The authority has also announced plans to cancel plots where construction has not begun within the lease period, with a public notice to be issued before cancellations.

During a meeting chaired by Lokesh M, CEO of the civil department reported that 1,190 vacant plots across sectors in work circles 1 to 10 remain unoccupied. These plots are either unallocated, allocated but without construction, or have been canceled due to various issues.

The CEO instructed the asset departments to verify the status of these plots and begin the process of launching new schemes for the unallocated ones. The Noida Authority aims to allocate 550,000 square meters (135 acres) of land this fiscal year.

Allocations include 320,000 square meters for institutional purposes, 100,000 square meters for industrial sectors, 67,500 square meters for residential plots, 35,000 square meters for commercial use, and 13,800 square meters for group housing projects. The authority targets generating Rs 37.95 billion in revenue from these allocations, with major contributions expected from the group housing and commercial sectors.

(ET)

The Noida Authority is preparing to launch approximately 1,200 plots across various categories, including industrial, residential, commercial, and institutional, as part of upcoming schemes. The authority has also announced plans to cancel plots where construction has not begun within the lease period, with a public notice to be issued before cancellations. During a meeting chaired by Lokesh M, CEO of the civil department reported that 1,190 vacant plots across sectors in work circles 1 to 10 remain unoccupied. These plots are either unallocated, allocated but without construction, or have been canceled due to various issues. The CEO instructed the asset departments to verify the status of these plots and begin the process of launching new schemes for the unallocated ones. The Noida Authority aims to allocate 550,000 square meters (135 acres) of land this fiscal year. Allocations include 320,000 square meters for institutional purposes, 100,000 square meters for industrial sectors, 67,500 square meters for residential plots, 35,000 square meters for commercial use, and 13,800 square meters for group housing projects. The authority targets generating Rs 37.95 billion in revenue from these allocations, with major contributions expected from the group housing and commercial sectors. (ET)

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement