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The Greater Noida Industrial Development Authority (GNIDA) has announced an e-auction for 90 ready-to-move flats in Sector Omicron-1A, offering an opportunity for aspiring homeowners to buy completed homes with immediate possession. The flats, all 2-bedroom units with a carpet area of about 83.38 sq m and a super area of 104.70 sq m, will be offered through an online auction on the 28th of January, with reserve prices set between INR 73.2 lakh and INR 74.35 lakh depending on the floor level. Interested buyers can register until mid-February, and payment can be made either upfront or in four instalments over two years. GNIDA has directed that vacant housing stock be utilised promptly to benefit residents and reduce reliance on rental accommodation.
The Greater Noida Industrial Development Authority is set to conduct an e-auction of 90 constructed flats in Sector Omicron-1A on the 28th of January, marking a notable housing opportunity for homebuyers in the National Capital Region. The flats form part of a multi-storey residential complex developed by the authority, with many units remaining vacant following earlier allotments. Advertisement
Each apartment is a 2-bedroom unit with a carpet area of around 83.38 sq m and a super area of 104.70 sq m, and the reserve price for the units has been fixed between INR 73.2 lakh and INR 74.35 lakh, varying by floor location. The apartments are spread across floors from the first to the 15th level of the building and are ready for immediate occupation.
The e-auction will be conducted online, and interested buyers must register with the authority by mid-February. Prospective purchasers have the option to pay the bid amount either in a single lump sum or in four instalments spread over a two-year period. According to official guidance, priority may be accorded to applicants opting for full upfront payment, though instalment plans remain available to broaden accessibility for different buyer segments.
Greater Noida Authority's chief executive officer had earlier directed officials to expedite the allotment of unsold flats as part of efforts to ensure that the housing stock is utilised effectively and to support residential ownership in the region. The location in Sector Omicron-1A is considered well connected, with direct access to major arterial roads linking Greater Noida to other parts of the NCR, which adds to the appeal for buyers seeking convenience and quality of life.
All flats up for auction have been constructed and will be handed over to successful bidders soon after completion of the allotment and lease deed formalities, potentially providing relief from ongoing rental expenses for those relocating to or within Greater Noida.
This scheme reflects GNIDA's continued focus on leveraging existing housing assets to meet demand and enhance residential opportunities for middle-income homebuyers in one of the region's key growth corridors.
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