Noida Authority to Launch 1,200 Plots Under Various Scheme

                Noida: Noida Authority has identified around 
1,200 plots across various categories for 
multiple schemes slated to launch soon. 
Additionally, plots where construction has not 
begun within 
the lease period will be subject to cancellation. 
A public notice regarding these plots will be 
published in newspapers before initiating 
cancellation.
During a recent meeting chaired by CEO 
Lokesh M, the civil department provided a 
report according to which 1,190 vacant plots 
across sectors in work circles 1 to 10 are 
vacant.

These plots, designated for industrial, 
residential, commercial, group housing, 
institutional, and facility purposes, are either 
unallocated, allocated but lacking construction, 
or have been 
cancelled after allocation due to various 
issues.
The CEO directed the relevant asset 
departments to verify the status of these plots 
based on the civil department's report and 
initiate the publication of schemes for the 
unallocated plots.

The Noida Authority targets to allocate 5.5 lakh 
square metres (135 acres) of land across 
various categories in this fiscal year.
A total of 3.2 lakh square metres has been set 
aside for allotment under institutional 
purposes, 1 lakh square metres for industrial 
sectors, 67,500 square metres for residential 
plots, 
35,000 square metres for commercial sectors, 
and 13,800 square metres for group housing 
projects.
In terms of revenue, the Authority aims to 
generate Rs 3,795 crore from these 
allocations. The group housing sector is 
expected to contribute Rs 1,080 crore, followed 
by Rs 1,010 crore 
from the commercial sector. The industrial 
sector is projected to generate Rs 705 crore, 
while residential plots will bring in Rs 650 
crore. Institutional allocations are expected to 
generate 
Rs 315 crore, and residential buildings will 
contribute Rs 35 crore.


Source : Times of India