The Greater Noida Industrial Development Authority (GNIDA) has launched a premium group housing plot scheme near the upcoming Noida International Airport, offering three strategically located parcels through an e-bidding process. The most valuable of the three, located in Sector Sigma III, is priced at ₹152 crore.
Announced on June 13, the scheme invites applications until July 4, with successful bidders set to receive possession of the land within a month of allotment, as published by Hindustan Times.
The largest plot, situated in Sector Sigma III, spans 30,000 square meters with a reserve price of ₹50,860 per square meter, translating to a total base value of ₹152 crore.
Two additional plots are also up for grabs:
- Plot GH-02E in Sector Mu, measuring 18,215 square meters, is listed at ₹53,403 per square meter, taking its total reserve price to ₹97.2 crore.
- The third, in Sector Alpha II, covers 3,999.80 square meters and holds the highest per square meter rate among the three at ₹62,940, putting its total reserve price at ₹25.17 crore.
All three plots are located near the Noida International Airport in Jewar, with excellent connectivity to both the Eastern and Western Dedicated Freight Corridors as well as the Noida and Yamuna expressways.
According to the official scheme documents, applicants must submit 10% of the plot’s premium as earnest money along with the application. The remaining 90% must be paid within 90 days of receiving the allotment letter. The construction deadline is set at seven years from the execution of the lease deed. However, if the first phase of construction is not completed within three years, extension charges will apply on a pro-rata basis.
The launch comes amid a significant surge in real estate interest in and around Greater Noida, driven primarily by the rapid development of the Noida International Airport. However, real estate analysts suggest that this demand is being further bolstered by a range of government-backed infrastructure projects, including industrial parks, medical device manufacturing hubs, IT zones, and the proposed Film City.
These developments are expected to solidify Greater Noida’s status as a high-potential investment destination and support long-term residential and commercial growth in the region.