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All you need to know about Greater Noida Authority’s commercial plots scheme

Money ControlMoney Control · 1y ago
All you need to know about Greater Noida Authority’s commercial plots scheme
Medial

The Greater Noida Industrial Development Authority (GNIDA) has launched a scheme for the sale of 12 commercial plots in Greater Noida. These plots will be used to build commercial complexes, malls, and other commercial stores. The plots are located across four different sectors and have good connectivity with the Yamuna Expressway and Eastern Peripheral Expressway. The sizes of the plots range between 3,600 and 10,600 square meters, with a reserve price of Rs 90,821 per square meter. The allotment will be done through an e-auction, and the payment can be made in full or through a 3-year installment plan. The plots have a floor area ratio of 4, allowing for more high-rise commercial buildings in the region.

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Noida Authority to raise Rs 3,700 crore by selling 5.5 lakh sqm of land in FY25

Money ControlMoney Control · 1y ago
Noida Authority to raise Rs 3,700 crore by selling 5.5 lakh sqm of land in FY25
Medial

The Noida Authority plans to generate over Rs 3,700 crore in the financial year 2024-25 by selling more than half-a-million square meters of land. The land will be allocated for various purposes, including residential, industrial, commercial, institutional, and group housing. The Authority aims to raise funds through e-auctions and multiple schemes across different segments. The maximum revenue is expected from group housing and commercial plots. Additionally, the Authority plans to sell vacant spaces in its residential buildings. Schemes for various categories will be launched soon. In the previous financial year, the Authority allocated land for group housing, residential, industrial, and commercial purposes.

DSA Holding signs $2 Bn LoI for Innogress Ventures–led quantum, deep-tech ecosystem

EntrackrEntrackr · 5d ago
DSA Holding signs $2 Bn LoI for Innogress Ventures–led quantum, deep-tech ecosystem
Medial

DSA Holding signs $2 Bn LoI for Innogress Ventures–led quantum, deep-tech ecosystem The proposed investment will support institutions and startups such as IIT Gandhinagar, JSS University Noida, and early-stage deep-tech ventures. European deep-tech investor DSA Holding AS has signed a letter of intent (LoI) to invest up to $2 billion in India’s quantum and deep-tech ecosystem led by Innogress Ventures. This is one of the largest private investment commitments in the country’s quantum technology sector. The LoI and a memorandum of understanding (MoU) were signed on December 22 at JSS University, Noida. The Norway-based firm, along with its sister company Norwegian Green Solutions (NGS) AS, plans to back Innogress-led projects across quantum computing, artificial intelligence, robotics, and advanced data infrastructure. These include the Greater Karnavati Quantum Computing Technology Park, Greater Noida Robotics Technology Park, and the Indraprastha Quantum Data Center. NGS AS separately signed an MoU with Innogress Ventures to collaborate on green technology initiatives, including renewable energy solutions to support data centres and technology parks in India. The partnership aims to align deep-tech innovation with sustainable energy infrastructure. At the event, representatives from DSA Holding and NGS spoke about India’s rising demand for quantum, AI, and clean-tech solutions and pointed to the country’s ability to scale advanced technologies for domestic and global markets. Innogress founder Sumant Parimal spoke about the need for overseas capital in India’s deep-tech sector, highlighting limited domestic funding despite strong innovation activity. The signing ceremony was attended by senior leaders from academia, industry, and the European delegation. From Innogress Ventures, Kalyan Upadhyay, Partner and Advisor, was present alongside strategic and institutional stakeholders, reflecting the firm’s leadership role in shaping the proposed investment and collaboration framework. The development signals increasing international interest in India’s quantum and deep-tech ambitions, particularly at the intersection of advanced computing and sustainable technology.

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