India Real Estate Latest Trends | Overview | Growth | Investments

July 9, 2021
Development Body GNIDA Surfaces 75 Acres Landmass for Industrial Plot Scheme

In a bid to boost the Realty sector in the Greater Noida district of Uttar Pradesh, the Greater Noida Industrial Development Authority (GNIDA) has launched a second industrial plot scheme in Ecotech-10. Under the scheme, concerning 75.00 acres of land is to be assigned through six plots. This land assignment is expected to draw huge chunks of investment by various Realtors, to be specific, as mentioned under the scheme, it will be implemented by initiating both fast track and direct allotment plans as it is expected to draw investments worth above Rs 200 crore.

As per the ratings of the “Ease of doing business” index, released this year, Uttar Pradesh was awarded the second position for the most viable location PAN India. Initiating a snowball effect in play, the GNIDA takes this a step forward and has planned allotment of industrial plots scheme in sector Eco-tech 10. The scheme will allow six industrial plots of various size configurations ranging from 40,470 sqm to 80,940 sqm with a total area amassing 75 acres of land cover is up for allotment. However, GNIDA corporate executive Mr Narendra Bhooshan clarified that to qualify the bid a bare minimum investment of Rs Seven Crores @ per acre is required as a prerequisite norm.

The online applications for the scheme can be made on the Nivesh Mitra website from June 18 to July 2, allotment will commence post-July 2 through both fast track and direct interview-based allotment. Also, earlier on May 26, the GNIDA had launched a similar industrial plot scheme consisting of 41 Plots ranging from 905 to 4,061.37sqm in Eco-tech sectors 10 and 11. An investment worth Rs 93 crore is expected from the above-said allotments which consist of a total area of 83,000 sqm.

Interest for Housing Real Estate in Bangalore Increases Significantly

As per a recent research, the second wave of the COVID-19 epidemic, as well as the subsequent shutdown, reduced demand for property in Bengaluru by upwards of 25% in the April to June quarter (Q2). Despite the fact that interest has fallen, prices were static. According to the study, prices were stable and increased only by 1% between April and June of this year. Generally, demand for two and three bedroom houses was high, accounting for 88% of all inquiries in the city. The three-bedroom lay

NOIDA Development Authority offers 50 Commercial Plots Across the City

In a bid to boost the NOIDA realty sector and enthral the Realty investors to invest in this region the NOIDA Authority has recently launched its commercial Realty developer plot scheme. The scheme has various salient features, and as per it, a total of 50 plots of commercial nature with sizes ranging from 480 sqm to 10,000 sqm is released for acquiring purposes. The plots released will be allocated to the commercial developers for the creation of commercial infra namely, shops, offices, hotels,

Development Body GNIDA Surfaces 75 Acres Landmass for Industrial Plot Scheme

In a bid to boost the Realty sector in the Greater Noida district of Uttar Pradesh, the Greater Noida Industrial Development Authority (GNIDA) has launched a second industrial plot scheme in Ecotech-10. Under the scheme, concerning 75.00 acres of land is to be assigned through six plots. This land assignment is expected to draw huge chunks of investment by various Realtors, to be specific, as mentioned under the scheme, it will be implemented by initiating both fast track and direct allotment pl