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, cinema halls, retail outlets, showrooms and shopping complexes. However, these plots are allotted across 48 sectors of the city, the allotment of the land parcel for the development of the hotel to be brought up in Sector 96 is also a substantial part of the scheme.
As mentioned above, the scheme also caters to the development of a marvellous hotel consisting 24,000 sqm land in Sector 96 and a total of 1,980 sqm of commercial space at the proposed Habitat Centre.” Also, the plots released are for setting up shopping complexes, offices, showrooms, cinema complexes and hotels, the plots that vary from 480 sqm to 5,000 sqm can be used for the development of office spaces and retail ventures while those above 5,000 sqm of land cover can be allotted for the development of hotels and shopping malls.
The registration for enrollment into the scheme is open and the form can be filled latest on or before August 4. Furthermore, the allotment of the lands will be made via the developed e-auction setup. The auction will be held within a week from the closing of the registration date. The allocation process will start once the applications are undergone the due scrutiny procedure.