Greater Noida Residential Plot Scheme LOP-04/2024: Last Date Extension for Applications

The Greater Noida Industrial Development Authority (GNIDA) recently launched the Residential Plot Scheme LOP-04/2024, offering residential plots through an e-auction process. This scheme is designed to provide buyers and investors with the chance to own land in Greater Noida, a rapidly developing area near the National Capital Region (NCR). The GNIDA has extended the last date for submitting applications, giving more people the opportunity to participate. In this article, we’ll cover everything you need to know about this scheme, including plot details, the extended deadlines, and how you can apply.

Last date Extended Till 10 Oct 2024

What is the LOP-04/2024 Scheme?

The LOP-04/2024 scheme provides residential plots in some of Greater Noida’s prime sectors. These plots range in size and are located near important amenities such as schools, hospitals, commercial areas, and expressways, making them an attractive option for those looking to build their own home or make a long-term investment.

Here are the key features of this scheme:

1. Proximity to Noida International Airport: These plots are located close to the upcoming Noida International Airport, which is expected to boost the value of properties in the area in the coming years.
2. Easy Connectivity: The plots are well-connected to major highways, including expressways that make it easier to travel to Delhi, Noida, and other parts of the NCR.
3. Range of Plot Sizes: The available plots vary in size, making this scheme suitable for individuals as well as larger investors or developers. Whether you’re looking to build a family home or invest in a bigger residential project, there are options for different budgets and needs.
4. E-Auction Process: The plots will be sold through an e-auction, which is a transparent and fair process. It allows buyers to bid on the plots they are interested in, and the highest bidder will secure the plot.

Extension of the Last Date for Applications

Initially, the scheme had a fixed deadline for submitting applications, but GNIDA has now extended the last date to allow more people to participate. This extension provides additional time for applicants who may have faced delays or needed more time to gather the required documents and complete the registration process.

New Key Dates

• Document Download Start Date: October 10, 2024, 11 PM
• Registration End Date: October 10, 2024, 11 PM
• Last Date for Submission of Registration, EMD, and Processing Fee: October 10, 2024, 11 PM
• Last Date for Final Submission of Documents: October 10, 2024, 11 PM
• E-Auction Date: To be notified separately

Available Plots and Their Pricing

The scheme offers residential plots in prime sectors like CHI-3 and CHI-4, with varying plot sizes and prices. Below are some details about the available plots:

The price of each plot is determined by its size and location, and the earnest money deposit (EMD) is calculated at 10% of the plot’s premium. The EMD ensures that only serious buyers participate in the auction.

Eligibility Criteria

To apply for a plot under this scheme, there are a few eligibility conditions that applicants must meet:

1. Indian Citizens: Only Indian citizens, or groups of individuals who are Indian citizens, can apply. Companies, firms, and societies can also apply for plots in their corporate capacities.
2. Age Requirement: Applicants must be adults, legally able to enter into contracts.
3. Ownership Restrictions: Applicants, their spouses, and dependent children should not already own residential property in Greater Noida. If they have previously been allotted a plot or house by GNIDA, they are not eligible to apply for this scheme.
4. Single Unit Restriction: A husband, wife, and their dependent children will be treated as one unit, meaning they cannot apply for multiple plots separately.

How to Apply for the Scheme

The application process for the LOP-04/2024 scheme is entirely online, making it convenient for applicants to participate from anywhere. Below are the steps to follow:

1. Registration: Applicants must first register on GNIDA’s official e-auction portal. During registration, they will receive a User ID and password, which will allow them to access the scheme’s details and participate in the auction.
2. Document Submission: Once registered, applicants must upload scanned copies of the required documents, such as passport-sized photographs, proof of identity, and proof of address.
3. Processing Fees and EMD: Applicants must pay a non-refundable processing fee of ₹5,000 and the EMD for the plot they wish to bid on. These payments can be made through GNIDA’s online payment gateway.
4. Participate in E-Auction: After completing the registration and submitting the required documents, applicants can participate in the e-auction on the scheduled date. The auction will be conducted online, and applicants will be able to place bids on the plots of their choice.
5. Allotment: After the auction is complete, the successful bidders will receive allotment letters from GNIDA within 30 days. These letters will confirm the details of the plot that has been allotted to them.

Benefits of Investing in Greater Noida

Greater Noida is one of the fastest-growing regions in the NCR, and there are several benefits to investing in this area:

1. Location Advantage: The proximity of the plots to the upcoming Noida International Airport is one of the key factors driving demand. The airport is expected to increase the value of real estate in the area significantly.
2. Infrastructure and Connectivity: Greater Noida is well-planned, with excellent road connectivity through expressways and highways that link it to Noida, Delhi, and other parts of the NCR. This makes it an ideal location for both residential and commercial development.
3. Growing Demand: With the rise in commercial and industrial activities in Greater Noida, the demand for residential properties is also increasing. This trend is expected to continue, making it a good time to invest.
4. World-Class Amenities: The plots under the LOP-04/2024 scheme are located near well-established schools, hospitals, shopping centers, and recreational facilities, providing residents with everything they need close by.

Apply for the Scheme

The extension of the application deadline for the Greater Noida Residential Plot Scheme LOP-04/2024 provides potential buyers with an extra opportunity to secure prime real estate in one of the most promising regions in the NCR. Whether you’re looking to build a family home or invest in a growing market, this scheme offers great options for a wide range of budgets and needs. With transparent e-auction procedures, competitive pricing, and the backing of GNIDA, this is a rare chance to invest in Greater Noida’s future.

If you’re considering applying, be sure to gather all the necessary documents and complete the registration process before the new deadline. Given the location, amenities, and future growth prospects, this scheme could be an excellent investment for anyone looking to secure a residential plot in Greater Noida.

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