Eight housing plots on offer in New Township, Real Estate News, ET Real Estate

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Noida: Integrated Industrial Township Greater Noida Limited (IITGNL) The board has approved the launch of the first residential and commercial plan of the township. Eight plots in 61 acres are available for allotment under the Group Housing Scheme. Their sizes range from 17,400 sqm to 56,300 sqm, with a reserve price of Rs 43,000 per sqm.

Soon the scheme of eight commercial mix use plots will also be started. Their sizes range from 10,800 to 39,900 sqm, with a reserve price of Rs 74,000 per sqm.

Industrial units having allotted land in the township will also get more buildup area. After Greater Noida AuthorityThe IITGNL The Board approved a proposal to increase the ground coverage on industrial plots from 35% to 55%. The public can soon share suggestions and objections on the proposal. After this it will need the approval of the government.

The proposal comes on the heels of lack of interest from investors due to the 35% ground coverage rule. At least 16 plots are still lying vacant. Now, the authorities hope to change the situation.

Companies like Haier Electronics, Forme Mobiles, Satkriti Infotainment, Chenfeng (LED company) and J World Electronics invested in the township at the 46th board meeting of IITGNL on Wednesday.

Under the Delhi-Mumbai Industrial Corridor, a flagship program of the central government for the development of “smart industrial cities of the future”, a 747-acre township has come up near Dadri.

developed by DMIC-IITGNLA joint venture between DMIC and Greater Noida AuthorityThe smart township has a plug-and-play infrastructure and an automated solid waste management system.

  • Published on May 1, 2023 at 09:08 AM IST

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