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The Noida Authority is launching its first industrial plot scheme under a revised MSME policy, offering 17 plots ranging from 200 to 7,500 sq. m. across six sectors. Covering 60,000 sq. m., these plots will be allotted via e-auction. Participants must deposit 10% of the reserve price, with 30% payable upfront. While industry groups argue e-auctions favor investors, Noida Authority is proceeding with the policy, aiming to standardize land allotment across the region. A detailed brochure will be released soon, and officials are identifying more land for future industrial expansion to boost MSME growth.
The Noida Authority is launching its first industrial plot scheme under a new policy aimed at supporting micro, small, and medium enterprises (MSMEs). In this initial phase, 17 plots ranging from 200 to 7,500 square meters will be available through an e-auction process. These plots are located in sectors 7, 8, 10, 62, 80, and 164, covering a total area of approximately 60,000 square meters. The scheme is expected to commence soon, as most administrative preparations are complete. Advertisement
This initiative follows a significant policy revision approved during a joint board meeting of the Noida and Greater Noida authorities last month. The new policy, announced on February 1, 2025, aligns with a state government directive from December 26, 2024, mandating a uniform allotment policy across Noida, Greater Noida, and Yamuna Expressway authority areas. Under this framework, industrial plots up to 8,000 square meters will be allocated through e-auction, focusing on supporting genuine entrepreneurs rather than speculative investors. For plots exceeding 8,000 square meters, the allocation process will involve interviews and specific evaluation criteria.
To participate in the e-auction, potential allottees must make an initial deposit of 10% of the plot's reserve price. Successful bidders are then required to pay 30% of the total cost immediately, with the remaining amount payable in scheduled installments. However, some industry associations have raised concerns that the e-auction system might favor property dealers and large investors, potentially disadvantaging small business owners. The Industrial Entrepreneurs Association (IEA) has urged the state government to amend the allotment process for industrial plots up to 2,000 square meters, proposing a lottery system to ensure fairer access for genuine MSME businesses.
Despite these concerns, the Noida Authority remains committed to implementing the government's prescribed allotment policy. A comprehensive brochure detailing the terms, conditions, and eligibility criteria for participation in the e-auction will be released soon, providing potential investors with clear guidelines for the application process. Additionally, officials are actively scouting for additional vacant land in other sectors for future development phases, aiming to create more opportunities for small and medium business expansion in the city.
This move is part of a broader effort to standardize industrial land allotment policies across the region. A unified policy governing allotment, cancellation, lease execution, and possession of plots has been approved, aiming to streamline services and address provisions beyond those mentioned in lease documents. This standardization is expected to provide a more transparent and efficient process for industrial plot allocation, benefiting the MSME sector and promoting economic growth in the region.
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