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A Complete Guide to Greater Noida Authority Housing Scheme 2024

You must have always imagined living in your own spacious home surrounded by wide-open spaces that include lawns, gardens, and a driveway in a posh suburban neighbourhood. Additionally, it’s now within your grasp of a location where you have access to water, power, and fresh air. The Greater Noida Authority Housing Scheme 2024 helps make this a reality.

Greater Noida is only a half-hour drive from Delhi via the DND Flyway and a six-lane expressway with world-class amenities for better living. The area is uncrowded, pollution-free, and has world-class facilities.

The metropolis, spread over 20,000 hectares and has broad roadways, underground wiring, and a drainage system, provides services and infrastructure up to world standards. Numerous reputable educational institutions, shopping malls, medical facilities, theme parks, entertainment complexes, and even a 222-acre international designer golf course are included. More is not possible to ask for!

The Latest News on The Greater Noida Authority Housing Scheme 2024

The IITGNL Group Housing & Commercial Plot Schemes, launched by the Greater Noida Authority, are open for applications until 7th July 2023. Registration for both schemes commenced on 16th June 2023.

To apply for the preferred scheme and submit the deposit fee, interested individuals can visit the official website of IITGNL Bank of Baroda at iitgnl-bankofbaroda.com. Detailed brochures containing information about the schemes are available for download on the official IITGNL website, i.e., iitgnl.com.

The Group Housing Noida plot scheme 2024 offers three plot sizes – 56,329 square meters, 34,247 square meters, and 19,503 square meters, with a cumulative price of Rs. 473 crore, as determined by the authority.

For the Commercial Plot Scheme, two plot sizes are available – 23,530 square meters and 10,800 square meters, with a cumulative price of Rs. 247 crore, as fixed by the authority.

The Greater Noida Authority assures that all plots under these schemes are fully developed, and successful applicants will receive possession within a month from the e-auction date. The exact e-auction date for both schemes will be disclosed by the Greater Noida Authority at a later time.

Greater Noida Authority Residential Plots Scheme 2024

Greater Noida Authority Plot Scheme 2023, plots are to be sold at a very affordable price after an auction. In this article, we’ll explain how to benefit from the Greater Noida authority’s new housing scheme and the qualifying requirements and paperwork needed to take advantage of this chance. Gurugram and Noida, Delhi’s neighbouring cities, have experienced the most extraordinary post-industrial development. 

You have an excellent chance of building your ideal home in Noida if you work there or wish to settle there. The Greater Noida Development Authority distributes plots and apartments in this area. Each area has been divided into different sectors. This article describes the entire list of unoccupied properties and apartments. It would help if you attentively read this article to understand the Greater Noida Housing scheme.

In the residential plot programme for the Noida Authority, sites will be distributed to households with very modest income ranges. These plots are allocated based on their square metre size. Suppose you’re a middle-class man with a tight budget. In that case, you should be required to contribute to this experimental programme since paying private company prices to purchase a plot will cost you more than paying government prices for greater Noida government flats.

Greater Noida Authority Launches 2024 Group Housing Scheme: Key Updates

The Greater Noida Authority has introduced a new group housing plot scheme for 2024, offering 8 plots ranging from 3.5 to 10 acres across various sectors.

These plots, situated in sectors including Mu, Omicron, Eta, Sigma, 36, and 12, will be allocated through an e-auction process, with the highest bidder acquiring development rights.

Applicants are required to submit documents by February 27, 2024, for plots devoid of legal disputes. The pricing ranges from ₹36,500 to ₹48,300 per square meter, totalling over ₹970 crores.

Allotments will be on a 90-year leasehold basis, with developers obligated to fulfil financial commitments within 90 days and adhere to approved layout plans. Project completion and obtaining occupancy certificates within seven years are imperative.

Consortiums are permitted but with stipulations ensuring project consistency until completion. The lease deed will be executed in favour of a Special Purpose Company (SPC) formed by consortium members.

This initiative underscores Greater Noida’s commitment to streamlined development practices and transparent allocation procedures, meeting the region’s evolving residential demands effectively

Understanding Greater Noida Authority New Residential Plot Scheme

According to the authority, many plots near various sectors across the Noida Expressway are included in the Greater Noida Authority Residential Plots Scheme. Candidates who meet the requirements may submit an online application for the Noida Authority residential plots Scheme. This page will provide all the details you need about the Noida authority plots scheme 2024 online application form, including the eligibility requirements, documents required, and the plot area. 

The announcement of the Greater Noida Authority’s 2024 plot plan is excellent news for anyone wishing to build a new home in Uttar Pradesh’s most developed metropolis, Noida. The Greater Noida Authority will introduce its residential plot programme. If you intend to apply for a plot from the Noida Authority, you should review information such as the documentation requirements.

We know that the Noida authorities have declared several programmes and plots. Many people in the Noida area desire to purchase land or build a house. It isn’t easy to make a house in one of Uttar Pradesh’s most developed cities at this momentous time. Suppose you wish to participate in the Greater Noida Authority Residential Plots 2021 programme. Then it would help if you looked over all the facts regarding the home plot plan.

Greater Noida Authority Affordable Housing Scheme

Noida’s government would accept applications for plots ranging from 250 to 450 square metres under the Greater Noida Housing scheme. The department has also constructed 95 apartments for a rehabilitation centre for residents of the JJ colony and other economically disadvantaged groups.

Greater Noida Housing Scheme Apartment location

The sector-based organisation is followed in Noida and its regions. The plots are distributed by sector, and they are all situated in Greater Noida. Details for the same are listed below:  

● Sector 100

● Sector 122

● Sector 93b

● Sector 39

● Sector 47

● Sector 49

● Sector 44

● Sector 99

● Sector 31

● Sector 51

Floor area

The floor area of residential units is determined by the Authority Residential Scheme. As a result, you can purchase a flat based on your tastes and budget. Sector 122 houses the plots and apartments at the most affordable prices. And Sector 44 has the plots with the higher rates. The price range for apartments is from 50000 to 100000 rupees per square metre.

Eligibility Criteria Under Greater Noida Authority New Flat Scheme

Let’s look at the requirements applicants must complete to apply for the Greater Noida Housing Scheme.

● The candidate should be of Indian descent.

● The applicant must not have a history of purchasing a home.

Individuals who have previously signed a lease or been assigned a home under the same programme are ineligible for this programme.

Documents Required for Greater Noida Development Authority Flats.

Let’s look at the paperwork needed to apply for the Greater Noida Housing Scheme.

● hard copy of an affidavit that has been scanned and formatted per the portal’s requirements.

● scanned copies of the applicant’s passport-size photos.

● necessary documentation attesting to the applicant’s age, address, identity, and nationality

Housing Scheme in Greater Noida: Online Registration

● The applicant must enter all required information, including personal information, bank account information, identification information, and photo upload, after choosing their preferred flat or house.

● The applicant must accept all of the conditions and guidelines of the brochure before submitting these details.

● Following application submission, the application will acquire a reference number again.

● The candidate should then provide the portal with the necessary files in pdf format.

● The applicant should pay the Processing Fee (Non-Refundable) and Registration Fee (Variable) through an online payment portal after uploading the required documentation.

● Enter information about the account, such as the account holder’s name, bank account number, and IFSC code.

● To clear the payment, click on the Declaration Window now.

The Process of Bidding for the Greater Noida Development Authority New Housing Scheme

• To ensure a smooth e-auction process, the Greater Noida Authority emphasises the need for a seamless internet connection for all applicants. 
• Plots of the same size and EMD (Earnest Money Deposit) will likely have their bidding conducted on the same day.
• Any bids below the reserve price or allotment rate will not be accepted by the Authority.
• For the Greater Noida Shop/Kiosk Plot Scheme 2024, plots located within a km of the metro corridor will have the reserve price or allotment rate increased by 10 percent.
• If the auction is ongoing within the last five minutes of the event’s closing time, the bidding time may be extended by 15 minutes.
• Once an applicant submits a bid, withdrawal is not permitted.

In cases where there are less than three bidders for a plot, the bidding window will be extended twice by seven days. After two extensions, the highest bidder will be allotted the plot.

Residential Plots Scheme Draw Results from the Noida Authority

Suppose you’d like to view the Greater Noida Authority Residential Scheme draw results. Then adhere to the steps listed below.

● Visit the Greater Noida Authority’s new residential plot Scheme website’s official page first.

● Choose the “Noida Authority Plots Scheme draw result link” from the webpage.

● Your screen showed the appearance of a fresh webpage.

● The next step is to download the PDF.

● You can find the Noida Authority Residential Plots Scheme results in this PDF.

Launch of New Residential Plot Scheme

The GNIDA intended to introduce a plot scheme in Sector 151 in addition to the present multi-storey housing programme. This programme was anticipated to go live by the end of July or the beginning of August 2021. 200 plots varying from 250 to 450 sq. m were to be distributed.

On July 31, 2021, about 97 one- and two-bedroom housing units in sectors 55, 82, 99, 117, 118, and 122 were allocated to members of the EWS (Economically Weaker Section) category and residents of the JJ colony. For the MIG (Middle Income Group), HIG (Higher Income Group), and LIG (Lower Income Group) categories, GNIDA also intends to introduce programmes.

Payment Options for Greater Noida Housing Scheme

• Within 90 days of the Allotment Letter’s date, 100%. For those who are willing to pay the full amount of the flat’s charge within 90 days, a 5% discount will be offered.
• 50% within 60 days of the day the Allotment Letter was issued, and the remaining 50% within two years. The 50% will be subject to interest at the State Bank of India’s MCLR +1% rate, which is in effect on the first of July and January of each year. If the final installment is paid on time, a discount of 2% off the total premium will be offered. In the event of a default, an additional 3% interest is added to the MCLR plus 1%.
• 30% must be paid within 45 days of the date the Allotment Letter was issued, and the remaining 70% must be paid within four years. In the event of a default, an additional 3% interest is added to the MCLR plus 1%.

Schedule for Fees for the Greater Noida Housing Scheme

Here are the details regarding the charges applicable to the allottees:

• Processing Fee: A non-refundable processing fee of Rs 5,000 must be paid by the allottee during online registration through net banking/payment gateway on the Authority’s website. This fee should be submitted along with the registration money.
• Government Levied Taxes: Any applicable tax, such as VAT, Service Tax, GST, TDS, etc., imposed by the Government, is the responsibility of the allottee.
• Additional Location Charges: For residential plots, location-based charges will be applicable as per the Authority’s policy and will be included in the reserve price.
• Allotment Money: The successful applicant must deposit Allotment money equal to 25% of the total premium of the plot (after adjusting EMD/Registration money without interest) within 15 days from the date of the allotment letter.
• Balance Payment Options:
  • Option 1: If the full payment is made within 60 days from the date of the allotment letter, the successful applicant will receive a 2% rebate on the bid price.
  • Option 2: If the balance 75% of the premium is not paid within 60 days, the remaining amount must be paid within a year from the date of the allotment letter, in four quarterly installments (of 3 months) at a simple interest rate (currently 10%).
• Mortgage Permission Fee: A fee of Rs 1,000 is applicable for obtaining mortgage permission, and a Collateral Security of Rs 5,000 must also be provided.
• Reserve Price: The reserve price will be as per the Sector Wise Rate List, as specified in Clause 32.

Please ensure you thoroughly understand and comply with these charges while participating in the allotment process.

The allocation process for the Greater Noida Housing Scheme

The next step is to assign flats or houses to qualified applicants after applications have been submitted successfully.

Let’s look at the requirements for the Greater Noida Housing Scheme house/flat allocation.

● The distribution of homes is purely based on the applications being accepted First Come, First Serve.

● Applications with a Cash Down Payment will be given preference over those who choose an installment plan.

● However, individuals with physical disabilities will have a chance to obtain a ground-floor apartment.

We anticipate that you now fully know the Greater Noida Authority affordable housing Scheme. People relocated to Noida city in search of employment from around Uttar Pradesh and other regions of India. If you’ve always wanted to live in Noida, you can purchase land through the Greater Noida Authority Housing scheme. Also, there are several flats issued as part of the flat residential programme of the Noida Authority. NoBroker’s real estate and finance consultation is the best option for property buyers looking for hand-in-hand guidance. If you have any queries related to real estate, please comment below this article, our executive will be in touch with you soon.

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