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TL;DR: GNIDA offers 37 commercial plots worth Rs 3,604 crore across Greater Noida (FAR‑4 and FAR‑2). Registrations close Dec 5; EMD and documents due in early December — prime chance for developers and retailers.
GNIDA launches landmark ₹3,604 crore commercial plot scheme in Greater Noida
Greater Noida Industrial Development Authority (GNIDA) has rolled out one of its largest commercial land schemes in recent years, offering 37 plots with a combined reserve price of Rs 3,604 crore. The plots — allotted through e-auction — are spread across major sectors including Sector 3, Sector 10, Sector 12, Ecotech-1 Extension, Ecotech-12 and several ETA/Gamma/KP pockets, making this an important window for developers, retailers, hospitality groups and institutional investors.
FAR norms, permitted uses and project timelines
The scheme includes both FAR-4 and FAR-2 parcels. FAR-4 plots are intended for high-intensity commercial complexes — malls, large showrooms, hotels, offices and banquet halls — while FAR-2 is aimed at retail shops, service outlets, restaurants and smaller commercial establishments. The overall completion period for projects is five years, with Phase-I due within three years. Important regulatory points: no amalgamation or sub-division of plots is permitted, consortiums are allowed but members cannot change until project completion.
Plot sizes and notable reserve prices
The backbone of the scheme is 25 FAR-4 plots. Examples of parcel pricing include:
- Sector 3: four 10,000 sqm plots at Rs 105 crore each and an 8,730 sqm plot at Rs 91.6 crore.
- Sector 10: a 9,250 sqm plot at Rs 97 crore and a 4,925 sqm plot at Rs 52 crore.
- Sector 12: three 10,400 sqm plots at Rs 109 crore each.
- Ecotech-1 Extension: nine plots from 8,880 sqm to 20,000 sqm with reserve prices between Rs 79 crore and Rs 178 crore; two 20,000 sqm parcels among the largest in the cluster.
- Ecotech-12: five 20,000 sqm plots priced at Rs 187 crore and the largest single plot of 23,023 sqm priced at Rs 216 crore.
- Delta-II: a 2,313 sqm FAR-4 plot at Rs 24 crore.
GNIDA has also listed 12 FAR-2 mid-sized commercial plots in ETA-1, Gamma-2, KP-V, Beta-II, Sector 36, Sector 37 and Zeta-1. Notable FAR-2 parcels include a 7,455 sqm plot in ETA-1 at Rs 50 crore, a 2,782 sqm plot in Gamma-2 at Rs 19.5 crore, and a large 22,366 sqm FAR-2 parcel in KP-V at Rs 172 crore. Zeta-1 features two sizable plots of 14,837 sqm (Rs 104 crore) and 6,814 sqm (Rs 48 crore).
Timeline for participation and key steps
Registrations opened on Nov 13 and will remain active until Dec 5. Earnest Money Deposit (EMD) and processing fee submissions are due by Dec 9, and supporting documents must be uploaded by Dec 12. GNIDA will notify e-auction dates separately. Prospective bidders should prepare financial clearances and technical documentation in advance to meet these cutoffs.
Why developers and investors should pay attention
Market fundamentals point to strong interest: the upcoming Noida International Airport, expanding industrial corridors, upgraded expressway connectivity and rising workplace and retail demand across the Delhi-NCR make Greater Noida a strategic commercial hub. For developers planning malls or mixed-use schemes along major corridors, the new allotments align well with successful concepts already shaping the area, such as Sikka Mall of Noida – Retail, Office & Food Court Spaces on Noida Expressway and Grade-A office clusters like ONYX by Splendor – Grade-A Commercial Offices & Retail Spaces on Noida Expressway.
Retail and high-street opportunities
Smaller FAR-2 plots and prime locations near residential nodes can attract high-street retail, F&B streets and service outlets. Projects inspired by high-street retail success in Noida, such as IThum 127 – High-Street Retail, Office & Food Court Spaces, Sector 127, Noida, show the potential of well-planned retail clusters to generate steady footfall and rental yields.
Who should bid and investment considerations
- Developers planning large-format retail, malls, hotels or mixed-use projects (FAR-4 parcels).
- Retail chains, restaurant groups and service brands targeting FAR-2 plots for high-street presence.
- Institutional investors and REITs looking for long-term commercial assets near new infrastructure nodes.
Financial planning should factor in reserve prices, construction timelines, GST/levies, and infrastructure contribution charges. Given the no-amalgamation rule, bidders must evaluate whether individual plot sizes match their development program or if consortium bids are needed.
Practical next steps
If you’re evaluating participation, assemble a bid team to complete registration by Dec 5 and arrange EMD/payment guarantees by Dec 9. Conduct site due diligence—access, utility availability, frontage and catchment analyses—to estimate revenue and absorption timelines. Engage architects and consultants early to align project designs with FAR regulations.
Conclusion
GNIDA’s ₹3,604 crore commercial plot scheme is a major invitation for developers and investors to secure prime commercial land in a rapidly evolving growth corridor. With fixed timelines and clear land-use directives, this e-auction presents structured opportunities across sizes and sectors — from high-street retail to large mixed-use and Grade-A office developments.
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