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Bids submitted by 26 builders for 11 group housing plots in Greater Noida

No Comments Sub Category:Delhi-NCR,Realty News Posted On: Jul 07, 2014

For 11 of the 17 group housing plots which are on offer in Greater Noida, a total of 26 developers submitted their bids on Thursday. The bids will be opened after the technical papers have been scrutinized.

The group housing scheme for plotted and flatted development was announced last month by the Greater Noida Authority for 17 plots – on a two-bid system – in some sectors. The sectors in which the group housing plots were made available by the Authority for bidding included Sectors 1, 10, 12, ETA-1, Omicron-1A, 3, ZETA-1, 2, Mu and Sigma-3.

According to the details shared by the officials, the smallest group housing plot area being auctioned by the Authority was a 22,600 sq m area located in ZETA-1. None of the bidders submitted a bid for this plot. Overall, six of the 17 plots on auction did not receive even a single bid.

Meanwhile, the biggest group housing plot on auction was a 1,09,400 sq m plot area, located in Sector-1. Two bids were submitted for this plot.

The officials also revealed that the total plot area up for auction measured 8, 18, 800 sq m. However, since the 26 bidders submitted bids for only 11 plots on Thursday, the total area for which bids have been received measured 5,56,300 sq m.

Source – The Times of India

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