The Noida Authority is set to inject a significant financial impetus into its development plans through a robust land auction program. The authority has earmarked 550,000 square meters of prime land for sale during the fiscal year 2024-25, with an ambitious target of generating ₹3,750 crore in revenue. This strategic move aims to accelerate infrastructure development, enhance public amenities, and create a thriving urban environment in Noida.
The land parcels on offer encompass a diverse range of categories, including industrial, commercial, residential, and institutional plots, to cater to the varied needs of developers and investors. The adoption of an electronic auction platform will ensure transparency and efficiency in the bidding process.
The substantial funds garnered from the land sales will be instrumental in funding critical infrastructure projects, such as transportation networks, public utilities, and social amenities. By optimizing the value of its land assets, the Noida Authority is demonstrating its commitment to sustainable and inclusive growth.
