DELHI: In a boost to the finances of the Greater Noida Industrial Development Authority (GNIDA), 26 builders on July 7 qualified in the financial bids for 9 of the 11 group housing plots on offer in Greater Noida. The bids made the authority richer by over Rs 61 crore. Bids of two developers were rejected after scrutiny of their technical papers, said GNIDA officials.
While the reserve price for 9 plots was fixed at Rs 22,850 per square metre, the bids received on July 7 ranged from Rs 23,600 to Rs 27,000 per square metre, officials said.
The developers have deposited 5% of the allotment money (Rs 61 crore) and are expected to deposit another Rs 61 crore in the next 45 days following which they will be given allotment letters.
The authority had in June announced a group housing scheme for plotted and flatted development of large group housing on a two-bid system for 17 plots in sectors 1, 10, 12, ETA-1, Omicron-1A, 3, ZETA-1, 2, MU and Sigma-3. The smallest plot on auction, measuring 22,600 square metre, was in ZETA-1, for which there were no bidders.
The biggest plot (1,09,400 square metre) in Sector 1 received two bids. Six of the 17 plots did not receive a single bid, the officials said. The total area for bid measured 5,32,000 square metre as only 9 plots made it to the price bid.