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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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.
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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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 |
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.
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.
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Sector in Noida | Size of the Property |
Sector 44 | 14,000 Sq. Mtrs. |
Sector 45 | 20,000 Sq. Mtrs. |
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 |
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).
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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 |
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.
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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