The Greater Noida Industrial Development Authority (GNIDA) has unveiled a new opportunity for high-end residential developers and investors by launching three premium group housing plots strategically located near the upcoming Noida International Airport in Jewar. With reserve prices soaring up to ₹152 crore, this land auction is expected to draw significant interest from real estate giants looking to capitalize on the booming infrastructure around the airport zone.
Key Plot Details and Pricing
GNIDA’s premium group housing scheme, launched on June 13, 2025, includes three plots varying in size, location, and reserve price. Here’s a breakdown of what’s on offer:
1. Sector Sigma III: The Largest and Most Expensive
- Size: 30,000 sq m
- Reserve Price: ₹50,860 per sq m
- Total Price: ₹152 crore
- Location Highlight: Close proximity to Jewar Airport and major expressways
2. Sector Mu: GH-02E Plot
- Size: 18,215 sq m
- Reserve Price: ₹53,403 per sq m
- Total Price: ₹97.2 crore
3. Sector Alpha II: Boutique Parcel
- Size: 3,999.80 sq m
- Reserve Price: ₹62,940 per sq m (highest per sq m rate)
- Total Price: ₹25.17 crore
Summary Table
| Plot Location | Size (sq m) | Reserve Price (₹/sq m) | Total Reserve Price |
|---|---|---|---|
| Sigma III | 30,000 | ₹50,860 | ₹152 crore |
| Sector Mu (GH-02E) | 18,215 | ₹53,403 | ₹97.2 crore |
| Alpha II | 3,999.80 | ₹62,940 | ₹25.17 crore |
Connectivity & Growth Potential
All three plots boast enviable connectivity:
- Adjacent to Noida International Airport (Jewar)
- Linked via Noida and Yamuna Expressways
- Access to Eastern & Western Dedicated Freight Corridors
These infrastructural advantages are expected to drive exponential appreciation in land value, making them lucrative for developers targeting premium housing segments.
Development Terms and Timeline
According to GNIDA’s official scheme documents:
- Registration Deadline: July 4, 2025
- Possession Timeline: Within 1 month post-allotment
- Payment Terms:
- 10% as earnest money at the time of application
- Remaining 90% due within 90 days of allotment
- Construction Timeline:
- Completion required within 7 years from deed issuance
- First phase must be completed within 3 years, else pro-rata extension charges apply
Quotes from Officials
“This scheme is a part of GNIDA’s long-term vision to promote planned, premium housing development near Jewar Airport,” said a GNIDA spokesperson.
“With infrastructure such as medical device parks, IT zones, and Film City in the pipeline, this region is poised for sustained real estate growth,” added a senior planning official.
Frequently Asked Questions (FAQs)
1. When is the last date to apply for the GNIDA plot scheme?
Registrations are open until July 4, 2025.
2. Where are the plots located?
The plots are in Sector Sigma III, Sector Mu, and Sector Alpha II, all near Jewar Airport.
3. What is the possession timeline after allotment?
Allottees will receive possession within one month of allotment.
4. Are there any penalties for construction delays?
Yes. If the first phase isn’t completed within three years, extension charges will apply.
5. Why is this region attracting real estate attention?
The presence of the upcoming airport, freight corridors, and multiple infrastructure projects is significantly boosting demand and investment potential.