Grand auction of plots in Ghaziabad, 10 minutes away from Noida IT Hub, booking starts from ₹ 7.65 lakh, near metro and expressway; Know complete details

Ghaziabad Development Authority (GDA) has brought a great opportunity for buyers and investors who want to set up their house, villa or business establishment in Ghaziabad, adjacent to Delhi and Noida. The authority has officially announced the open auction of residential, commercial, mixed-land use and group housing plots located at various prime locations. The most important thing is that all these properties are located just 10 to 15 minutes away from Noida’s Sector-62/63 IT Hub, Delhi-Meerut Expressway (DME) and Blue Line Metro Corridor. The biggest advantage of buying land from a government development authority over any private builder is that the title of the property (Freehold/Leasehold Title), layout plan and paper formalities remain 100% dispute-free and secure.

Most of the plots included in the auction are located in the most developed and posh colonies of Ghaziabad:

• Indirapuram and Indirapuram Extension: This area is just opposite to Noida Electronic City, Sector-62 and Hindon CISF Camp. The IT offices of Delhi (Anand Vihar) and Noida are less than 10 minutes away from here.

• Vaishali and Kaushambi: Located very close to Delhi border and metro station, these pockets are suitable for those who work in Delhi and want a quiet stay in NCR.

• Madhuban Bapudham and Indraprastha Scheme: Located close to Delhi-Meerut Expressway, Namo Bharat (RRTS) Corridor and Eastern Peripheral Expressway, the township is developing as one of the biggest growth corridors of the future.

According to details released by the authority, the auction ranges from small residential plots to huge group housing and hotel lands:

• Size of plots: Residential properties include independent house plots ranging from 120 sq m, 200 sq m, 310 sq m to 450 sq m. Whereas large plots ranging from 1,000 square meters to 10,000 square meters have been included for group housing, schools, nursing homes and hotels.

• Registration/Earnest Money (EMD): To participate in the auction, it is mandatory to deposit 10 percent of the minimum reserve price of the property as Earnest Money Deposit. This earnest money amount for small residential plots starts from around ₹7.65 lakh and increases according to the size of the plot.

• Reserve Price: Reserve rates for residential and group housing plots have been set between ₹28,000 and ₹52,500 per square metre, while the base rates for prime commercial and hotel plots have been kept at ₹70,000 per square metre.

GDA administration has laid down strict rules to make the auction process completely transparent:

• place: Hindi Bhawan, Lohia Nagar, Ghaziabad.

• Auction Timings: Open bidding process will be started at 11:00 AM (Bidders will have to be present by 10:00 AM for registration and token).

• application deadline: Buyers willing to participate in the auction must submit the application form and required EMD through the online portal or authorized bank branch before the due date.

• Rule of Allocation: The plot will be allotted to the applicant who places the highest bid (Highest Bidder – H1) above the prescribed reserve price.

If you also want to book land in your name in NCR by participating in this auction, then follow these 5 steps:

1. Visit Website: GDA official portal gdaghaziabad.in Go to ‘Auction Property List’ section and study the Khasra, Pocket, Size and Reserve Price of all the available plots.

2. Get the brochure: Get the application form and auction brochure online from the portal or from authorized branches of HDFC Bank.

3. Registration & EMD Payment: Deposit the required identity documents (PAN Card, Residence Proof), Photograph and EMD of 10% of the total reserved price of the plot through Bank Draft/RTGS before the due date.

4. Attendance on Auction Day: Reach Hindi Bhawan, Lohia Nagar on the scheduled day at 10 am with your original documents and token receipt.

5. Payment after successful bid: If your bid remains the highest, the balance amount will have to be deposited within 30 to 90 days after the issue of allotment letter as per the installments or lump sum payment policy of GDA.

Amidst the skyrocketing prices of land in Noida and Delhi, this scheme of Ghaziabad Development Authority is the most suitable opportunity for those home buyers who want to build their dream home in a safe gated township.