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.