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Commercial plots scheme by Noida Authority for

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Commercial plots scheme by Noida Authority for

Last updated: March 1 2014
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  • Commercial plots scheme by Noida Authority for

    Hi,
    Noida Authority has launched a new scheme for small commercial plots in Noida.
    Plot sizes range from 15 to 350 sq meters
    Sectors - 12, 16, 25, 39, 40, 50 51, 63, 110
    Though no info is available wrt the psf rates in the advertisement. And the brochure are not available online.
    Does anybody have any further details on this. Can some knowledgeble members comment if this is worth investing.
    Thanks in advance
    Ashish
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  • #2

    #2

    Re : Commercial plots scheme by Noida Authority for

    any update on this scheme... Kindly help answer the following questions..

    How much money to be given along with application form...??
    Would there be draw for each plot??
    How much money is to be paid if somebody gets a plot immediately and how the balance is to be paid..

    Comment

    • #3

      #3

      Re : Commercial plots scheme by Noida Authority for

      no reply.anybody having idea.pls share

      no reply.anybody having idea.pls share

      Comment

      • #4

        #4

        Re : Commercial plots scheme by Noida Authority for

        rate varies according the location/sector.... saw the brochure... it varies from Rs.131,000 to Rs. 191,000 psm....

        Comment

        • #5

          #5

          Re : Commercial plots scheme by Noida Authority for

          Hi Kapil, could u pls share soft copy

          Comment

          • #6

            #6

            Re : Commercial plots scheme by Noida Authority for

            Sorry Fritolay... i just had the hard copy... which I bought for my uncle and gave it to him. FYI.... registration amount is Rs. 500,000 flat for all plots....(irrespective of size)

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            • #7

              #7

              Re : Commercial plots scheme by Noida Authority for

              Hi,
              Tomorrow i shall be getting the brochure for this and will update the salient features.
              MM

              Comment

              • #8

                #8

                Re : Commercial plots scheme by Noida Authority for

                25 Plots are avl in all under auction.
                Minimum price is 131000-192000 psm.
                Bidding price must be atleast 2 times higher than the minimum price for any chance of getting the plot.

                Far 2.75-3.25 u can construct basement only for 120mtr and above plot.
                Minimum investment is Rs. 75Lacs(considering bidding price of 2.5L psm for a 30mtr plot).

                PSF price without constro would come to around 6500psf. With constro it will be 7500 psf.

                GF an FF can be leased out and SF can be retained or sold out.
                MM

                Comment

                • #9

                  #9

                  Re : Commercial plots scheme by Noida Authority for

                  Originally posted by Munish Malhautra View Post
                  25 Plots are avl in all under auction.
                  Minimum price is 131000-192000 psm.
                  Bidding price must be atleast 2 times higher than the minimum price for any chance of getting the plot.

                  Far 2.75-3.25 u can construct basement only for 120mtr and above plot.
                  Minimum investment is Rs. 75Lacs(considering bidding price of 2.5L psm for a 30mtr plot).

                  PSF price without constro would come to around 6500psf. With constro it will be 7500 psf.

                  GF an FF can be leased out and SF can be retained or sold out.
                  this is really cheap , by your calculation.

                  anything less than 20K PSF is a bargin in commercial for noida. seems lot of hanky panky needed not just price bid.

                  Comment

                  • #10

                    #10

                    Re : Commercial plots scheme by Noida Authority for

                    Originally posted by anubhaviit View Post
                    this is really cheap , by your calculation.

                    anything less than 20K PSF is a bargin in commercial for noida. seems lot of hanky panky needed not just price bid.
                    Yes it seems cheap becoz i am considering a 2x bid which is bare minimum. Since the number of plots is only 25 and apps sold will be atleast 2500, i feel bid price needs to be atleast 3x to 3.5x to give u a good chance of winning. Then the cost psf comes to around 12-13K psf, still not bad. Price would be 1.2Cr.

                    Yes there are other charges and taxes during allotment viz another 15-18%.

                    Basically its like making 3 floors, selling one of the floors of 350sqft builtup commercial area at 20000psf, viz 75Lacs, u recover ~70% cost.
                    MM

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