The New Residential Plot Scheme (LOP-05/2025) of the Greater Noida Industrial Development Authorities has been introduced. The GNIDA New Residential Plot Scheme is a new initiative by the development authorities to give Noida residents new residential plots close to the International Airport. Anyone in the community who wants to buy a home plot under this program must apply online and bid online. Applications for the program will be accepted beginning on January 3, 2025, and must be submitted by January 25, 2025. Any Indian citizen who wishes to buy a home plot and is a permanent resident is qualified to receive the program’s benefits. In this article, we will provide you with all the necessary information about this program.
What is the GNIDA LOP-05/2025 Scheme?
The government introduced the GNIDA LOP-05/2025 Scheme to supply residential plots to all Indian nationals in a prominent location inside the Greater Noida area. The authorities are reportedly prepared to construct ten sectors in the area, ranging from extremely luxurious plots to some more reasonably priced ones. The plots under the GNIDA LOP-05/2025 Scheme start at rupees 26.75 lakh. Residents must pay 10% of the premium amount as registration fees to acquire a plot; these fees will be deducted from subsequent payments. The scheme will a great opportunity to buy affordable housing.
Key Highlights of GNIDA New Residential Plot Scheme
| Name of the program | GNIDA New Residential Plot Scheme |
| Announced by | Greater Noida Industrial Development Authority |
| Beneficiaries | Permanent residents of India |
| Benefits | The applicants will receive residential plots |
| Start date of application | The application process will Start from 3rd January |
| Year | 2025 |
| Official website | https://www.greaternoidaauthority.in/res_2125 |
Eligibility Criteria
The eligibility criteria for applying under this program is given below:-
- Applicants must be Indian citizens or groups who are permanent residents. The same applies to businesses, organizations, societies, and entities in their corporate status.
- To sign a contract, a citizen must be able to sign it and must be of majority age.
- The applicant, their spouse, and any dependent children should not have been granted any home or apartment in Greater Noida, either in full or in part, on a leasehold, freehold, or hire purchase tenancy arrangement basis.
- Plots in their names cannot be purchased separately by husbands, their spouses, and dependent children; instead, they will be regarded as a single unit under this arrangement.
No. Of Flats And Prices
| Sector | Block Name | Plot number | Area (sq. Mtr.) | Total reserve price of plot (INR) |
| Sector-02 | B | 421 | 220 | 1,14,29,000 |
| Sector-02 | B | 397 | 220 | 1,20,00,560 |
| Sector-02 | B | 429 | 220 | 1,14,29,000 |
| Sector-02 | B | 462 | 220 | 1,14,29,000 |
| Sector-02 | B | 495 | 220 | 1,14,29,000 |
| Sector-02 | B | 507 | 220 | 1,20,00,560 |
| Sector-02 | B | 511 | 220 | 1,14,29,000 |
| Sigma-02 | C | 171 | 500 | 2,25,86,000 |
| Beta-02 | I | 154 | 51.51 | 26,75,945 |
| Delta-02 | J | 48 | 200 | 1,03,90,000 |
Salient Features
The Salient features of this program are given below:-
- Under this program, Indian people can buy residential plots in the Greater Noida area with the aid of this plan.
- In Greater Noida, residents can buy plots in upscale areas close to the airport and other notable landmarks.
- Citizens can bid online from the comfort of their homes without having to go to a government office thanks to the E-auction feature.
- Under this program rupees 5000 is required for collateral security, and rupees1000 is required for mortgage approval.
Schedule of GNIDA New Residential Plot Scheme
- Document Download & Registration Start: 03.01.2025 | 12 AM
- Registration End: 25.01.2025 | 05 PM
- Last Date for EMD & Processing Fee Deposit: 28.01.2025 | 05 PM
- Final Submission of Documents: 31.01.2025 | 05 PM
- E-Auction Date & Time: To be notified separately.
Processing Fee
- The processing fees is rupees 4,000 + 18 % GST For Area(0-100 SQM) & INR 5,000+18% GST For Area (101-200 SQM) & INR 8,000+18% GST For Area (201-500 SQM).
- The processing fee will be nonrefundable under this program.
Payment Schedule
- The applicant must submit allocation funds equal to 25% of the plot’s total premium (after EMD/registration funds are adjusted without interest) within 15 days of the allotment letter being sent by email for the payment to be successful.
- There will be two ways to pay the remaining 75% of the premium: The successful applicant will receive a 2% rebate on the bid price if they deposit the full amount within 60 days of the allotment letter being issued.
- The remaining 75% of the premium must be paid within 60 days of the day the allotment letter was issued. The remaining amount must be paid in four quarterly payments of three months at simple interest (MCLR rate + 1%, presently 10%) within a year. The interest rate will be determined by the SBI MCLR rate, which is updated every six months (January and July of each year). In addition to the relevant simple interest, 3% punitive interest will be applied if installments are not paid on time.
Mode Of Payment
- All payments to GNIDA must be done online via the Greate Noida Authority’s website, using a net banking or payment gateway.
- Normally, no applicant will be given an extension to pay the premium amount; but, in exceptional circumstances, the authorities may provide an extension, up to a month in length, after consulting with the GNIDA CEO.
- Prior to the remaining amount being applied to the premium and lease rent payable, the Allotter’s payment will be deducted from the penal interest and any interest that may be owed.
GNIDA New Residential Plot Scheme Apply Online
The applicant needs to follow the below-given procedure step by step for applying online:-
Step 1:- The applicant must have all required paperwork and go to the official GNIDA website after meeting all qualifying requirements.
Step 2:- After the official website’s homepage loads, the applicant must select the “Apply Online” option.
Step 3:- An application form will open on the screen as soon as the candidate selects the “apply online” option.
Step 4:- The applicant must now submit all required documents with the form and input all requested information in the designated area.
Step 5:- you need to recheck all the information in this step.
Step 6:- To finish the application process, choose the Submit option and you will be done with the application process.
Allotment Process
- All residential plots will be distributed via an online auction procedure, in which the top bidder will place their bid against the reserve price specified in the online brochure.
Important Downloads
Helpline Number
- 0120 2336046
FAQS
What is the GNIDA New Residential Plot Scheme?
The scheme has been launched to provide housing at budget near the airport.
What is the eligibility criteria for applying to this program?
The applicant should be a permanent resident of India.
What are the benefits of this program?
There will be an E-auction and E-bidding for the plots under this program.
Can I apply online for this program?
Yes, you can apply online for this program by visiting the official website of the program.