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Noida: Online bidding of 442 residential plots to begin today

Posted by Urban Avenues on December 15, 2018
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According to officials, 505 people have applied for the 442 plots. The e-bidding will be held from December 13 to 21, where each plot will be auctioned separately.

Noida: Online bidding of 442 residential plots to begin today

NOIDA: Noida Authority’s online bidding of 442 residential plots — set to take place for the first time — will kick off on Thursday.

According to officials, 505 people have applied for the 442 plots. The e-bidding will be held from December 13 to 21, where each plot will be auctioned separately.

The move is significant as this is likely to be the last residential scheme launched by the Noida Authority as the city has no fresh land bank.

These plots are located in sectors 12, 31, 33, 39, 47, 48, 49, 51, 52, 55, 70, 72, 93-B, 99, 100, 105 and 122. The Authority had conducted a survey of vacant plots and sought applications for allotment on November 13.

Of the 442, 264 plots measure up to 200 sq m while 178 plots are over 200 sq m. Some plots have been reserved for members of Scheduled Caste/Schedule Tribe, Noida Authority employees, farmers whose land have been acquired for different development projects, officials said.

Rajesh Kumar, OSD to Noida Authority, said they have decided to hold e-bidding process for the first time. “The e-bidding will take place in two time slots — 11 am to 1 pm and 3 pm to 5 pm. The applicants can participate in the e-bidding process from anywhere, and they need not visit Noida Authority physically,” he said.

The applicants have been provided training about the bidding process. “They have been given log in IDs and password. They will log in to the website and quote at least Rs 50,000 more than the reserved price for plots measuring land above 200 sq m. The quotation will be Rs 25,000 for plots measuring less than 200 sq m,” Kumar said.

The quoted price will visible to all the applicants. The highest bidder will be allotted the plot.

 

NEWS SOURCE:  https://realty.economictimes.indiatimes.com/news

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