With an aim to cater to the increasing housing demand, the Noida authority is planning to come up with a new housing plot scheme in the upcoming days. Interestingly, this Noida Authority Plot Scheme is likely to include vacant plots, which have not been occupied by their previous owners. This scheme could prove to be a once-in-a-lifetime opportunity for buyers and investors. 99acres shares some insights of the upcoming Noida Authority Scheme and the previous ones.
Noida Authority New Plot Scheme 2024: About the scheme
With the festive season approaching, the Noida Authority is planning to make the celebrations more auspicious by launching a new plot scheme in Noida. Plots available in the upcoming Noida Authority Plot Scheme will be from different categories such as residential, commercial, industrial and institutional. The upcoming Noida Plot Scheme is anticipated to offer plots in various sizes and prices in the NCR’s promising real estate market – Noida.
The decision to launch a new plot scheme has been taken in a response to substantial number of plots lying vacant in Noida for over a decade along with plots vacant due to outstanding from the developers’ end. The authority has identified the vacant plots across different sectors.
With this initiative, the authority aims to include vacant plots unoccupied by previous owners in the city. Moreover, the approach to offer unused plots is expected to widen the land usage which will contribute to the overall growth of the city. The Authority will shortly launch the application process, plot sizes and prices of plots under New Noida Authority Plot Scheme 2024.
Follow the trail to know more about Noida Authority’s previous schemes.
Noida Group Housing Plot and Flat Scheme 2023: Previous scheme
The authority launched the Noida Housing Scheme on June 10, 2023, for which registration ended on June 30, 2023. Below are the important dates of Noida Group Housing Plot and Flat Scheme 2023:
| Particulars | Noida Group Housing Plot Scheme | Noida Group Housing Flat Scheme |
|---|---|---|
| Scheme opening date | June 10, 2023 at 11:00 AM | June 9, 2023 at 11:00 AM |
| Scheme closing date | June 30, 2023 up to 5:00 PM | June 29, 2023 up to 5:00 PM |
| Document submission last date | June 30, 2023 up to 5:00 PM | June 29, 2023 up to 5:00 PM |
| E-brochure documentation fee | Rs 20,000 + 18% GST | Rs 2,500 + 18% GST or Rs 5,000 + 18% GST |
| Online registration portal | https://property.etender.sbi | https://property.etender.sbi |
| Property details | 2 plot numbers: GH-E-01/A sized 13,800 sq m and GH-1/C sized 41,145 sq m |
Source: Official Noida Authority website
Noida Group Housing Plot and Flat Scheme 2023: Points to remember
Given below are the necessary details which were applicable for citizens who applied for Noida Authority Residential Scheme 2023-
- The scheme will be conducted via e-auction
- The e-brochure and documentation fee was non-refundable and non-adjustable
- Interested applicants created an user ID and password on the official etender portal
- The applicant submitted a separate Earnest Money Deposit (EMD) for each plot/flat
- The e-bid was applicable above the reserved price
- The Noida Authority reserves the right to reject or cancel any application or e-bid
Noida Housing Scheme 2023: Important details
The Noida Authoritylaunched the Noida Housing Scheme 2023 to reduce the inventory overhang in the city by offering 388 apartments across various budget segments. The Authority included flats that had previously been surrendered by owners or were unsold in the older schemes.
Launched as the Residential Built-Up Flats Scheme 2022-23 (H) (01) by Noida Authority, the purpose of the scheme was to reduce the existing stock across several sectors in Noida. The residential apartments belonging to Lower Income Group (LIG) were allotted through a manual draw system. However, apartments under other categories, namely Middle-Income Group (MIG), High Income Group (HIG) and duplex, were allotted through e-auction on ‘as is where is basis’.
Noida Housing Scheme 2023: Details of flats
| Category | Sectors in Noida | No. of Units | Price per flat | Area |
|---|---|---|---|---|
| Lower Income Group (LIG) | 52,71,99,118, 135 | 314 | Rs 45-76 lakh | 66.82 sq m |
| Middle Income Group (MIG) | 62, 99, 135 | 5 | Rs 66-90 lakh | 74-91 sq m |
| High Income Group (HIG) | 62, 99, 135 | 16 | Rs 1.39-1.74 crore | 153.57 sq m |
| Duplex units | 62, 99, 135 | 3 | Rs 1.8 crore | 180 sq m |
Source: Official Noida Authority website
Note: The Noida Authority Flat and Plot Scheme was introduced back in June 2023. The authority provided a list of eligibility criteria, process to apply, and also steps to make a payment. Kindly note that the scheme ended on June 30, 2023.
Noida Housing Scheme 2023: Eligibility criteria
The eligibility criteria for Noida Authority Plot and Flat Scheme 2023 are mentioned below:
- The applicant must be an Indian citizen of 18 years and above
- Applicants must submit their PAN Cards
- In case of participating on behalf of an individual, ID proofs like Aadhaar Card/Voter ID Card/Passport/Driving License must be submitted
- The applicants and their spouses/children must not be full or part-holder of a Noida Authority property
- An applicant’s spouse or children are not eligible for separate flats under the scheme
Noida Housing Scheme 2023: How to apply?
Although the non-refundable and non-adjustable processing fee of Rs 1,180 (including GST) was the same for both draw and e-auction applicants, the application process varied as per the budget segment. Also, applicants submitted the registration amount/Earnest Money Deposit (EMD) of 10 percent of the base price of the built-up flat.
To access the brochure of the housing scheme, click here
Noida Housing Scheme 2023: Registration process for LIG applicants
- The application form was made available free of cost on the official Noida Authority website
- The form was collected offline from the Noida Authority’s Housing Department at Sector-6, Noida
- The EMD amount was submitted at prescribed banks
- In case any necessary supporting documents were missing, the screening committee provided five working days to do the needful. Failure to submit within the stipulated duration led to disqualification
- Applicants were required to mention bank details like bank account number, IFSC Code and PAN number on the form
Noida Housing Scheme 2023: Registration and participation process for MIG, HIG and duplex applicants
- The application process was completely online, and the form was available free of cost online. Click here to download the form.
- Applicants submitted the processing fee and the EMD for each advertised flat separately
- The minimum amount of each flat was allowed to set above the reserve price/ allotment rate during e-bidding
- The minimum incremental value during the auction was set at Rs 50,000
Noida Housing Scheme 2023: Payment details
- Successful applicants submitted 30 percent of the total flat price, post adjustment of the EMD, within 30 days of allotment
- The remaining 70 percent were paid in eight half-yearly instalments with the applicable interest
- Applicants who submitted full payment towards their flats within 30 days of issuing the allotment letter received some rebates
- The Authority refunded the EMD amount of unsuccessful applicants without interest within 30 days of the manual draw/e-auction
The modes of payment varied as per the category selected by the applicants-
Noida Housing Scheme 2023: Payment mode for draw applicants
The below bank branches were finalised for receiving the draw application form along with the processing and registration amount-
- Canara Bank, Sector-6, Noida
- HDFC Bank, Sector-18, Noida
- IndusInd Bank, Sector-18, Noida
- ICICI Bank, Sector-18, Noida
Noida Housing Scheme 2023: Payment mode for e-bidding applicants
In the case of applicants interested in e-auction, the Authority streamlined the payment mode as per the amount (processing fee or EMD) to be submitted-
- Credit Card: Document download fee, processing fee
- Net Banking: Document download fee, processing fee and EMD
- NEFT: Document download fee, processing fee and EMD
- RTGS: EMD
- SBI Cheque at SBI branch: Document download fee, processing fee and EMD
Noida Housing Scheme 2023: Allotment procedure
The results of the allotment were published on the official website, and the allotment letters were dispatched physically by the Authority.
In the case of e-bidding, the highest bid against the reserved/allotment price was considered. Applicants were allotted a single unit, despite multiple bids and EMD submissions.
Noida Housing Scheme 2023: Withdrawal and surrender
In case an applicant wished to withdraw the application, the same was done up to 72 hours before the draw/e-auction
- The EMD was refunded without any interest
- In case a successful allottee wished to surrender the flat post receiving the allotment letter, an amount of Rs 10,000 was deducted from the EMD. The remaining EMD amount was then refunded
- A flat cannot be surrendered after four years of allotment
Know Your Neighbourhood Well
