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Residential plots on offer in e-auction by Noida Authority

Residential plots on offer in e-auction by Noida Authority

Noida: Officials of the Noida Authority on Tuesday said it has launched a residential plot scheme, wherein a total of 442 plots of varied sizes in various sectors across Noida are available for purchase through an e-auction.

Online bidding for the scheme started on November 13 and the last bid will be accepted till November 28.

As per a senior officer of the Authority, the plots are located in posh sectors including 12, 33, 39, 44, 49, 51, 52, 70, 72 , 122 and 93B among others.

"There are very few plots which remained unsold in previously held auctions. The minimum size of a plot is 120 square metre, while the biggest plot would measure 450 sq m. This could probably be the last time that the Authority would hold a plot auction, since there are no fresh land parcels left for development," the officer stated.

He added that the minimum sale price for these plots would be based on the prevailing circle rates in the respective areas. However, the land parcels would be awarded to the highest bidder. The brochure containing detailed terms and conditions of the e-auction is available on the web portal https://property.etender.sbi.

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