On March 13, the Greater Noida Industrial Development Authority (GNIDA) conducted an e-auction for 34 industrial plots, which were sold for over INR 222 crore, a significant increase of 66% above their base price.
Additionally, four commercial plots were allotted for INR 132 crore separately. The reserve price for these industrial plots was set at INR 134 crore. There were 159 bidders for the 34 industrial plots. Allotment letters will be issued to successful participants soon.
According to the GNIDA, the development of industries in these plots is expected to create job opportunities for around 1,500 to 2,000 individuals.
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