The Noida authority has efficaciously secured ₹1,500 crore in sales via the sale of four commercial plots, marking a awesome fulfillment. The plots, placed in Sectors 50, ninety seven, 98, and a hundred and five, were provided to pinnacle bidders at some point of an e-bidding device held on January 21 and 22, 2025.
the diverse great allocations, forty one,835.46 rectangular metres in vicinity one zero 5 were secured by using using Max property limited, on the equal time as Manglam Multiplex limited received 24,000 square metres in area 98. moreover, M3M India confined bought 23,570.ninety two rectangular metres in vicinity ninety seven, and Vertex production acquired an 812.seventy three rectangular metre plot in location 50.
The competitive e-bidding method ensured the high-quality sales generation for the authority. however, a few plots from earlier schemes stay unsold because of limited participation, with officers citing a demand of at the least bidders constant with plot to make sure profitability.
To deal with this, the Noida authority plans to launch a modern-day scheme quick to sell the very last plots, imparting similarly possibilities for real belongings investments. This fulfillment underscores the authority’s ongoing efforts to beautify commercial organization development and earnings within the place.
