the Greater Noida Industrial Development Authorities’ New Residential Plot Scheme has been introduced. The GNIDA New Residential Plot Scheme is a new initiative by the development authorities to give Noida residents new homes close to the International Airport. In order to get involved in the online auction and buy a residential plot using this program any citizen must apply online. The application deadline for the plan is January 25, 2025 and the application procedure will begin on January 3, 2025. Anyone who wants to buy a home plot and is a permanent resident of India is qualified for assistance from the program.

About GNIDA LOP-05/2025 Scheme

The government has started the GNIDA LOP-05/2025 Scheme to give residential plots to all Indian nationals in a famous area in Greater Noida. The authorities are reportedly prepared to construct ten sectors in the area, which include extremely luxurious plots to some more reasonably priced ones. The plots offered by the GNIDA LOP-05/2025 Scheme begin at INR 26.75 lakh Residents must pay 10% of the value of the premium as an application fee in order to acquire a plot; these fees will be deducted from subsequent payments.

Read More :- DDA Special Housing Scheme 

Main Point Of GNIDA New Residential Plot Scheme

Key Highlights	Details
Initiative’s Name	GNIDA New Residential Plot Scheme
Put in Place By	Greater Noida Industrial Development Authorities
Launch Date	3rd January 2025
Introduced By	Greater Noida Industrial Development Authorities
Aim	Provide residential plot
Beneficiaries	Citizens of India
Target Beneficiaries	Citizens who want to purchase plots
Perks	Online auction for residential plots
Eligibility Criteria	Permanent residence of India
Required Documents	Aadhaar Card, Bank account
Application Process	Online
Official Website	https://www.greaternoidaauthority.in
Financial Commitment
Expected Benefits	Provide money to incentive
Contact details	0120 2336046, 47, 48, 49

Eligibility Criteria

• Only Indian permanent residents or citizens can apply. Businesses, corporations, organizations, and institutions in their business capacity are also eligible to apply.
• Individuals must be capable of entering into a contract and must have reached the age of majority.
• The applicant, their partner, and dependent children must not have received, either fully or partially, any residential plot or independent house or flat from Greater Noida on a leasehold, freehold, or hire purchase tenancy agreement basis.
• Husbands, their wives, and dependent children are prohibited from buying separate plots in theirname; they will be regarded as a single unit under this scheme.

No of Flats and Price

Sector	Block Name	Plot No.	Area (sq. mtr.)	Total Reserve Price of Plot (INR)
Sector-02	B	421	220	1,14,29,000/-
Sector-02	B	397	220	1,20,00,560/-
Sector-02	B	429	220	1,14,29,000/-
Sector-02	B	462	220	1,14,29,000/-
Sector-02	B	495	220	1,14,29,000/-
Sector-02	B	507	220	1,20,00,560/-
Sector-02	B	511	220	1,14,29,000/-
Sigma-02	C	171	500	2,25,86,000/-
Beta-02	I	154	51.51	26,75,945/-
Delta-02	J	48	200	1,03,90,000/-

Salient Features of GNIDA New Residential Plot Scheme

• Residential plot: Through this initiative, Indian citizens have the opportunity to buy residential plots in the Greater Noida area.
• Opulent area: Residents can buy their land close to notable and opulent sites in Greater Noida, such as in proximity to the airport.
• E-auction: The E-auction service allows citizens to place bids online from the convenience of their homes eliminating the need to go to any government office.
• Mortgage charges: The mortgage approval fee is INR 1000, while the collateral security fee is INR 5000.

Schedule of GNIDA New Residential Plot Scheme

• Document Download & Registration Begin: 03.01.2025 | 12 AM
• Deadline for Registration: 25.01.2025 | 05 PM
• Final Date for EMD & Processing Fee Submission: 28.01.2025 | 05 PM
• Last Date for Document Submission: 31.01.2025 | 05 PM
• E-Auction Date and Time: Will be communicated separately

Processing Fee

• The processing charges are INR 4,000 + 18% GST for Area (0-100 SQM), INR 5,000 + 18% GST for Area (101-200 SQM), and INR 8,000 + 18% GST for Area (201-500 SQM).
• The public should understand that processing fees cannot be refunded.

Payment Schedule

• The successful citizens must pay 25% of the total premium amount for the plot, after adjusting the EMD and registration fee, without interest, within 15 days of receiving the allotment letter by email. If the citizens fail to pay the amount within 15 days, they will be deemed withdrawn, and the earnest money will be confiscated by the authorities. In some instances, the citizens may request a postponement of the final date.
• The residents will have two choices for paying the 25% of the premium cost:
  • A 2% discount on the bid price will be awarded to the successful applicant who makes full payment within 60 days from the allotment letter’s issue date.
  • Pay 75% of the premium; if not settled within 60 days, the remaining balance must be paid within one year from the allotment letter’s issue date, in four quarterly installments (every 3 months) with simple interest (MCLR rate + 1%, which is currently 10%). The interest rate will be aligned with the SBI MCLR rate, which is updated biannually (each year in January and July). If payments are late, a 3% penalty interest will be added to the applicable simple interest.

Mode of Payment

• Payments to GNIDA can exclusively be made through online transfers via net banking or payment gateway on the Authority’s website at www.greaternoidaauthority.in.
• Typically, no extensions will be granted to any applicant for the premium payment; however, in exceptional circumstances, authorities may grant an extension of up to one month after consulting with the CEO of GNIDA.
• The payment from the Allottee/Lessee will initially go towards the penal interest and any interest owed, and then the remaining amount will be applied to the premium due and Lease Rent owed.

GNIDA New Residential Plot Scheme Apply Online

• Make sure you possess a scanned passport-sized photograph (maximum 100×100 pixels), an affidavit, and acceptable evidence of your address, age, identity, and nationality. All files need to be uploaded in the format indicated on the portal prior to submission.
• Sign up on the portal to receive a user ID and password for participation. Submit the non-refundable processing fee outlined in the DataSheet via online payment before the deadline.
• Late payments will not be accepted under any conditions. Any proposal that doesn’t have complete payment submitted by the deadline will be deemed invalid for the e-auction process.
• Bidders need to guarantee access to a computer with a reliable internet connection. GNIDA will not be liable for any connectivity problems or technical issues faced by bidders during the bidding process.
• Distinct applications and earnest money deposits (EMD) are necessary for every plot. Bidders are required to apply separately for each listed property and make payment for each application.
• GNIDA holds the authority to retract or alter any plot from the e-auction without providing a reason. The authority is not required to accept the highest offer or any offer, even if it exceeds the reserve price.
• Bidding under the reserve price is not allowed. Every bid has to be made at or over the reserve price, increasing in value by 1% rounded to the nearest thousand.
• If there is bidding activity in the last 5 minutes before closing, the auction will automatically extend by 15 minutes. This extension goes on until no additional bids are made in the last 5 minutes.
• Payments can be processed through credit card, net banking, NEFT, RTGS, or by cheque at specified SBI locations. Various payment options are available for document fees, processing charges, and EMD.
• Bid documents that are incomplete will not be accepted. Once submitted, bidders cannot retract their bid, and not fulfilling requirements will lead to disqualification without any reconsideration.
• A committee designated by GNIDA will commence the evaluation of qualification proposals. Verification of documents will take place next, and the highest bidder’s proposal will be advanced for allocation.
• The winning bidder will get an allotment letter within 30 days after the auction ends. This depends on the successful validation of all submitted documents and adherence to bid requirements.
• The e-auction platform (https://etender.sbi) is also reachable through the GNIDA website. Bidders ought to frequently visit the portal for updates and make sure they understand the procedure.
• For questions, go to the GNIDA Residential Department located at Plot No. 1, KP IV, Greater Noida. Office hours for face-to-face questions are from 10 AM to 12 PM on weekdays.
• GNIDA retains the authority to terminate the allotment process at any point without prior notification. No communication concerning disqualified bids or withdrawn plots will be acknowledged.

Allotment Process

• The allotment committee will examine the applications, and the financial decision made by the authority is final and unalterable.
• The distribution of residential plots will occur through an e-auction, with e-bidders offering the highest amounts based on the Reserve price. Plots with a single bed will be accessible under the rollover option, and if a plot continues to have only one bed, the final decision will rest with the CEO of GNIDA.
• Citizens are allowed to construct on several plots; however, they must pay both the EMD and registration fees for each plot individually. If a candidate secures the top bid for one parcel, their bidding on additional parcels will be automatically restricted. For instance, if an applicant is bidding on plots A, B, C, and D but wins plot A, they are not allowed to bid on B, C, or D anymore.
• Citizens who do not succeed in the e-auction will receive their registration fee back within 30 days of the e-auction.
• After the option is successfully finalized, citizens will begin to receive their allotment letter through email or mail.

Helpline Number

• Helpline No:- 0120 2336046, 47, 48, 49

FAQs

How much are the processing fees for plots under 100 square meters?

The processing fees for plots less than 100 square meters are INR 4000+18% GST.

What is the final date to submit an application for the GNIDA New Residential Plot Scheme?

The final date to submit an application for the program is January 25, 2025.

What mortgage fees can be accessed through the GNIDA New Residential Plot Scheme?

The GNIDA New Residential Plot Scheme offers a mortgage fee of INR 1000.