Greater Noida Launches IT/ITES Land Allotment Scheme to Boost Investment

The Greater Noida Industrial Development Authority (GNIDA) has introduced a new land allotment scheme for IT/ITES companies to meet rising investor demand. The scheme, involving four plots worth approximately Rs 233 crore, could attract Rs 8,000 crore in investment and create 5,000 jobs if fully allotted.

The Greater Noida Industrial Development Authority (GNIDA) on Friday announced the launch of a new land allotment scheme in the IT/ITES sector, responding to increasing investor demand.

Online registration for the scheme commenced on Friday and will continue until August 9, according to GNIDA. The initiative is aimed at Information Technology and Information Technology-Enabled Services companies.

"The IT/ITES sectors have shown significant interest in Greater Noida due to its superior infrastructure and connectivity," said GNIDA CEO N G Ravi Kumar. "We expect this scheme to be highly successful."

The plan features four plots valued at around Rs 233 crore based on the reserve price. If all plots are allotted, the scheme is expected to attract Rs 8,000 crore in investment and create employment for 5,000 youths, Kumar added.

GNIDA detailed that two plots are located in Techzone and two in Knowledge Park-5. The Techzone plots measure 48,567 square metres each, while the Knowledge Park-5 plots are 8,080 square metres each.

Comprehensive details, including the scheme brochure, have been uploaded to the GNIDA website and the State Bank of India web portal. Interested parties can apply online via the portal, with the brochure available for download starting today. The registration deadline is August 9, with final dates for submitting processing fees and documents on August 7 and August 9, respectively.

Highlighting the scheme's potential, Kumar noted, "If these plots are allotted, we anticipate a substantial boost in investment and job creation in the region."

(With inputs from agencies.)