Buyers lap up 64 Greater Noida residential plots for Rs 141 crore, pay three times the base price
The Greater Noida Industrial Development Authority (GNIDA) has negotiated 66 housing plots for Rs 141 crore, which is accurately range over three times more the ground value of these plots, fore fronting the actual potential of real estate of the industrial and other commercial locality close by Delhi.
The ground value of these property was ranges by Rs 48.97 crore, converting into a multiple revenue of around Rs 98.84 crore for GNIDA, which was established a strategy plan for the gradual appal auction of 168 residential property in the areas on January 20.
According to officials, the first auction was held on March 26 where 26 plots were sold for Rs 51.86 crore at three times the reserve price of Rs 18.22 crore.
On March 28 gradually, 39 plots were e-auctioned after the first round. The actual price of these property was Rs 31.85 crore at the same time these were e-auctioned for Rs 89.99 crore.
Therefore, it was known Noida has titled as excellent infrastructure, well-constructed roads, and many other housing residential and commercial schemes. As by the rules of FAR in Noida are officially ruled by the Noida Authority, which formulates the entire real estate construction progression in the city.
In Noida, the FAR rules were varied reliant on the structure of land, the zoning regulations, and the locations of the property. It was categorised by the Noida Authority the city into dissimilar zones. The FAR rules for each zone alternate were depend on the quantity of the population in the city, the amount of groundwork accessible, and other factors. Therefore, the greater the FAR, the higher the built-up area for this property landmark.
On March 30, the e-auction will remain same during all 168 plots will be assigned. The structured reserve price for the 167 residential housing plots line-up between Rs 34,600 per square metre and Rs 43,500 per square metre. The size of the plot ranges between the segment 162 sq metre and 779 sq metre.
Therefore, the property of this plots is located beside around seven sectors in Greater Noida adding sector 2, Chi 3, Phi 3, Delta 2, Delta 3, Sigma 1 and Sigma 2.
