Noida Authority to Allocate 60,000 sqm Industrial Land via E-Auction Under New Policy

The Noida Authority has announced a new industrial plot scheme under which land will be allotted to businesses through an e-auction process. The scheme is part of efforts to support the micro, small, and medium enterprises (MSME) sector and aligns with a directive from the Uttar Pradesh government.

The authority plans to allot around 60,000 square meters of industrial land across Sectors 7, 8, 10, 62, 80, and 164 in Noida. The initiative is expected to provide opportunities for businesses looking to establish or expand operations in the region.

In the first phase, 17 plots of varying sizes, ranging from 200 square meters to 7,500 square meters, will be made available for allotment. These plots will be allocated through an e-auction process, which aims to ensure transparency and attract genuine business owners.

An official from the Noida Authority stated that this initiative is particularly beneficial for businesses seeking smaller plots for setting up manufacturing or service units. The move is expected to encourage industrial growth in the region while supporting the state government’s objective of boosting economic activity.

The scheme follows the policy changes approved during a joint board meeting of the Noida and Greater Noida authorities in December 2024. The revised policy aims to standardize the process of industrial land allotment across Noida, Greater Noida, and the Yamuna Expressway region, ensuring that all applicants have a fair opportunity to participate.

Under the updated policy, industrial plots up to 8,000 square meters will be allotted through the e-auction method. This change is intended to prioritize entrepreneurs and business owners who genuinely intend to utilize the land for industrial purposes, rather than investors looking for speculative gains.

For plots exceeding 8,000 square meters, the allotment will be based on an evaluation process that includes interviews and specific criteria set by the authorities. This measure is designed to ensure that larger plots are allocated to businesses with the capability to undertake large-scale industrial projects.

To participate in the e-auction, interested applicants must first deposit 10% of the plot’s reserve price. If successful in the bidding process, they will be required to pay 30% of the total cost immediately. The remaining amount can be paid in installments over a designated period, allowing businesses flexibility in managing their finances.

A detailed brochure outlining the eligibility criteria, auction process, and terms of allotment will be released by the Noida Authority shortly.

While the policy has been welcomed by many business groups, some industry representatives have suggested modifications to the allotment process. Specifically, some stakeholders have proposed that plots larger than 2,000 square meters should be allotted through a lottery system instead of an e-auction. They argue that this would provide fairer access to genuine MSME businesses that may not have the financial strength to compete in an open bidding process.

However, the Noida Authority has decided to adhere to the government’s policy as approved in the joint board meeting. Officials believe that the e-auction process will maintain transparency and prevent land hoarding by investors.

Meanwhile, the authority is working on identifying additional vacant plots in other sectors of Noida for future industrial land allocation schemes. This indicates that more opportunities for businesses may become available in the coming months.

The industrial plot scheme is expected to contribute to the economic development of Noida by attracting new businesses and encouraging expansion of existing enterprises. By offering a structured and transparent method of land allotment, the authority aims to create an environment conducive to industrial growth.

The focus on MSMEs aligns with the broader objectives of the Uttar Pradesh government, which has been actively working to promote industrial development and job creation in the state. The scheme is also expected to increase investor confidence in Noida’s industrial sector, making it a preferred destination for businesses looking to set up manufacturing or service units.