UPSIDA Launches Mega E-Auction of 84 Industrial Plots in UP

14 Feb 2024 CW Team

The UP State Industrial Development Authority (UPSIDA) has embarked on a significant endeavor with the initiation of a mega e-auction featuring 84 industrial plots, as announced by an official spokesperson on Saturday.

This initiative builds upon UPSIDA’s prior successful auction on Dec 29, 2023, which set the stage for the auctioning of 106 industrial, 13 commercials, and 16 built-up hall-flatted factory plots.

Spanning various key districts including Unnao Trans Ganga City, Kanpur, Prayagraj, Lucknow, Jhansi, Ayodhya, Agra, Hardoi, and Varanasi, the auction presents a wide array of opportunities for industrial expansion in the region. The plots, ranging from 2,426.97 sqm to 53,563 sqm, boast a diverse range of utilities and capacities, with the most valuable plot commanding a reserved price of Rs 64.69 crore.

Officials have emphasized the accessibility of this opportunity, stating that interested parties can secure reserved plots for flatted factories with a nominal earnest money deposit (EMD) of Rs 50,000. These plots, they assert, cater to industrial, warehousing, commercial, and flatted factory operations, aligning with the UP government’s vision for robust industrial growth.

Critical details such as reserved prices, total area, and EMD prices have been meticulously provided to ensure transparency and accessibility, officials confirmed.

The application deadline for participation in the mega e-auction has been set for Feb 14. UPSIDA, in collaboration with the State Bank of India (SBI), will oversee the e-tendering process through SBI’s dedicated e-tender portal, ensuring a seamless and efficient procedure, according to officials.

The initiative underscores UPSIDA’s commitment to fostering industrial development and economic growth across Uttar Pradesh, inviting prospective investors and entrepreneurs to partake in the state’s burgeoning industrial landscape.

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