Greater Noida Authority sells 23,600-sqm builder plot for Rs 110 crore

According to a GNIDA official, 10 builder plots had been put for sale. However, only one plot – GH-128 – elicited investor interest.

The Greater Noida Industrial Development Authority (GNIDA) has sold a 23,600-square-meter (sqm) plot in Sector Zeta One for Rs 110 crore, a move that will pave the way for the construction of around 1,100 new flats on this piece of land, officials privy to the development said.

They added that the plot was allotted through e-auction for Rs 110 crore, which is nearly Rs 1.5 crore higher than the reserved price.

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GNIDA Officer on Special Duty (OSD), Saumya Srivastava, said that the bids for plot number GH-128 located in Sector Zeta One opened on Friday.

“The reserve price of the 23,600-square-metre plot was Rs 108.5 crore which was allotted to Prasu Infra Limited. The allotment letter will be issued soon by the authority to the allottee. The authority will receive about Rs 110 crore in 90 days for the allotment of this plot,” he said.