Noida Authority Plot Scheme 2024:-To help citizens inexpensively buy residential, commercial, or industrial plots, the Noida Authority has started several plot-related activities. Plots under the Noida Authority Plot Schemes can only be acquired by applicants who take part in an auction and bidding process run by the Noida Authority. This post will guide you through the prerequisites, required documentation, and other relevant details of the Noida Authority Plot Scheme registration process.
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Noida Authority Plot Scheme 2024
The Noida Authority has directed real estate developers who have projects on hold to open escrow accounts. The joint management of these accounts by the Noida Authority and real estate developers will make it difficult for them to misappropriate funds intended for one Noida Authority Plot Scheme for other projects. The authorities expect to collect more than Rs. 7,000 crores from the realtors in the city by implementing this measure. It has been recommended that real estate agents place half of the total money received for a project into an escrow account.
About Noida Authority Plot Scheme
The Noida Authority plot scheme has been introduced by the Noida authorities. Participants in this program can buy plots in Noida. Ritu Maheshwari, the CEO of the Noida authority, has directed department representatives to post all details of the group housing project on the official website. Beneficiaries will be able to get information about the numerous schemes under the schemes through this webpage. In addition, recipients would have the convenience of applying from home under this system. Beneficiaries can now apply for the Noida Authority land scheme from anywhere. In 2024, the government intends to sell 338 apartments through this program. Applications for the apartments in sectors 52, 61, 71, 73, 82, 93, 99, 118, and 135 are being accepted. The deadline for submissions under this program is January 31, 2024.
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Noida Authority Plot Scheme Details in Highlights
| Name of the scheme | Noida Authority Plot Scheme |
| Launched by | Noida Authority |
| Objective | to assist residents in affordably purchasing residential, commercial, or industrial plots |
| Last date | June 30 2024 |
| Application Process | Online |
Objectives of the Noida Authority Plot Scheme
According to government data, funds meant for real estate developers have often been misdirected to unrelated projects, causing the projects for which they were intended to be delayed. As a consequence, they neglected to reimburse the Noida Authority for the cost of the land. By increasing the openness of dues-collecting procedures, the Noida Authority’s strategy will decrease financial exploitation. Fifty-nine of the developers have opened their escrow accounts so far, and the remaining fifty-five are anticipated to do so shortly.
Features of Noida Authority Plot Scheme
In Sectors 43 and 44 of the city, the Noida Development Authority plans to introduce new residential complexes. These group housing developments will allocate plots via a planned automated auction. The administration announced that the application period for these group housing projects would commence on June 10, 2023. June 30, 2023, is the application deadline for the same. The group home developments in Sectors 43 and 44 of Noida, respectively, span plots that are 41,145 square meters and 13,800 square meters in size.
Eligibility Criteria Of Noida Authority Plot Scheme 2024
- The candidate must live in India permanently.
- The applicant cannot have received a plot of land or an apartment through any other government program.
- The applicant must be older than eighteen (18).
Terms and Conditions Of Noida Authority Plot Scheme 2024
- A candidate must continue to have reliable internet access while competing for the plots.
- Additionally, beneficiaries have the option to exceed a piece of property’s reserve price.
- The beneficiary may enhance the value by at least Rs 50,000 in each subsequent bid.
- The bid amount must be entered by the applicant in both words and numbers.
- You must submit a different deposit for each property you select if you choose more than one.
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Benefits Of Noida Authority Plot Scheme 2024
- Fair prices: Plots are provided by the plan at fair prices. for beneficiaries who satisfy all income requirements to be qualified for plot purchases
- Excellent accessibility to the urban area and a perfect location for the plots
- Simple payment option: Both online and offline payment methods are easily accessible to applicants. Payment methods for the Noida Authority plot scheme are simple and convenient.
- Clear and simple booking process: To make booking plots accessible to all beneficiaries, the government has simplified the booking process. Candidates have the option to make reservations both offline and online.
- Large potential return on investment: Plots purchased via this program might sell for a lot more money down the road, yielding a sizable return on investment.
Details Regarding Plots Under Noida Authority Plot Scheme 2024
Types Of Schemes Available
- Industrial scheme
- Commercial scheme
- Residential scheme
- Group housing scheme
Location And Size Of Plots
| Sector in Noida | Size of the Property |
| Sector 44 | 14,000 Sq. Mtrs. |
| Sector 45 | 20,000 Sq. Mtrs. |
Noida Authority Plot Scheme 2024 Fee
| Types of Noida Plot Schemes | Registration Fee | Document Fee |
| Industrial Plot Scheme | Not Disclosed | |
| Commercial Plot Scheme | Not Disclosed | |
| Residential Plot Scheme | Rs.2,300 | Rs.2,500 + Rs.450 GST |
| Group Housing Plot Scheme | Rs.20,000 + 18% GST |
Application Process of Noida Authority Plot Scheme
Interested buyers must first register for an account on the Noida Authority portal to apply for their selected Noida Plot Scheme. Candidates who wish to participate in the online e-auction must apply and pay a non-refundable deposit of Rs. 20,000 (excl. GST).
Procedure To Apply Under Noida Authority Plot Scheme 2024
- Start by visiting the Noida Plot website.
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- Your screen will display the home page.
- We must select the live land allocation scheme link on the homepage.
- Following that, a new page with a list of all the schemes under Noida plot schemes will be displayed to you.
- You must select the plan of your choosing.
- You must now input the necessary information.
- Once there, you’ll need to search for your preferred plot scheme on the SBI e-tendering portal.
- You may see the plot rates for the Noida Authority from here.
- You must now complete the application and upload all necessary files.
- Following that, you must pay the registration costs.
- This process will allow you to apply for the plan.
Required Documents
| Types of Documents | Documents Required |
| Registration Documents | Aadhar CardPAN CardDriving LicenseVoter ID CardPassportBirth CertificateRegistration CertificateMOA of the Society |
| Additional Documents for a Partnership Firm | Partnership DeedForms A & B (Issued by the Firm Registrar) |
| Additional Documents for a Company | MOA (Memorandum of Association)AOA (Articles of Association)Incorporate Certificate (Issued by the Firm Registrar)Incorporate Certificate (Issued by the Ministry of Corporate Affairs)LLP Partnership Firm Agreement |
| Additional Documents for a Trust | Trust Registration Certificate/Deed |
Conclusion
The Noida Housing Authority has unveiled the Noida Authority plot scheme. Beneficiaries will be able to purchase plots at a reasonable cost through this effort. All beneficiaries who meet the eligibility requirements for this program may visit the official website and apply by following the aforementioned instructions. Beneficiaries are advised to invest in the scheme since it has the potential to increase returns over time. Aside from that, each plot is located in a great location.
FAQ’s
Q. How many plots may I reserve using the plot scheme of the Noida Authority?
Ans- Under the Noida Authority plot scheme, applicants may reserve up to four residential plots.
Q. How should the scheme be implemented?
Ans- To apply for the scheme, beneficiaries have the option of using both online and offline application methods.
Q. Can my registration payments be refunded if I decide not to purchase the plot?
Ans- No, the money you paid for registration is not refundable.
Q. Noida Authority: What Is It?
Ans- The Uttar Pradesh Industrial Area Development Act of 1976 established the Noida authorities to develop the Noida area.
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