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Online bid for 259 residential plots to be held July 19-23
The Times of India  |  June 27, 2019

Meenakshi Sinha NOIDA

The Noida Authority is going to hold online auction of 259 residential plots in the developed sectors from July 19 to 23. While most plots in the area have already been allotted, the ones to be auctioned are unsold/vacant till now.


Since Noida hardly has any land to sell, the auction is being seen as a means to generate revenue.


The officer on special duty, Noida Authority, Avneesh Kumar said: “Only those people or applicants who would have applied for the plots till July 8 and completed all requisite online formalities, would be eligible to take part in the auction.”


In December 2018, the Authority held online auction for the sale of land and around 440 plots across sectors 12, 31, 33, 39, 47, 48, 49, 51, 52, 55, 70, 72, 93B, 99, 100, 105 and 122 were to be sold. This time, the auction will include some plots that were part of the previous lot but remained unsold.


While the plot sizes vary from 100 sqm to 500 sqm, the price range is from Rs 55,000 per sqm to Rs 1 lakh per sqm. While rates in Sector 44 are highest, sector 122 has the lowest price.


Applicants for the residential plot scheme had to register themselves and obtain a user identity number and password and file necessary documents details between June 17 and July 8.