Noida Authority holds lottery to give away 150 industrial plots

Noida: Noida Authority on Friday allotted around 150 industrial plots of varying sizes to various allottees through a lottery system.

The Authority had launched the lottery scheme in August last year, which was aimed at developing small scale industries and attracting investors who are planning to launch start-ups or small units.

According to officials, the plots on offered are sized between 450 and 10,000 sq m.

Noida Authority CEO Alok Tandon, Officer on Special Duty Rajesh Singh and other senior officials oversaw the lottery, which was organised at Indira Gandhi Kala Kendra in Noida's Sector-6. Many buyers were also present at the event.

"In order to bring transparency in the allotment system, we have decided to announce the name of the allottee after picking up a random slip from the box. The allotment letters to the successful applicant will be given in next ten days.

"We have already started developing infrastructure of the area and setting up basic facilities, including drainage, sewage pipelines and water pipeline network," said Singh.

The Authority announced names of the applicants for 40 plots of 450 sq m, 40 plots of 1,000 sq m, and for applicants of other plot of varying sizes.

A majority of these plots are developed in Noida's Sector-155. The Authority has also uploaded the list of selected applicants on its website.

The scheme is aimed at developing Noida as an industrial hub.

During his visit to Noida Authority earlier this week, Uttar Pradesh Chief Secretary Rajive Kumar directed the CEO to bring necessary improvements in the infrastructure and develop schemes that bring more investors forward.