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

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

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.

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