Noida’s First Industrial Plot Scheme Set to Revitalize MSMEs
Noida Authority is set to launch its inaugural industrial plot scheme under a new policy aimed at supporting the micro, small, and medium enterprises (MSME) sector. The first phase will offer 17 plots through an e-auction, with sizes ranging from 200 to 7,500 sqm. Located in sectors 7, 8, 10, 62, 80, and 164, these plots will cover a total area of approximately 60,000 sqm. Authority officials confirmed that the scheme will be rolled out soon, as most administrative tasks are already completed. They are also looking for additional land in other sectors for future phases, to foster further growth for small and medium businesses.
This initiative follows a significant policy revision approved during a joint board meeting of the Noida and Greater Noida authorities last month. The policy change aligns with a state govt directive from Dec 26, 2024, which mandated a uniform allotment policy across Noida, Greater Noida, and Yamuna Expressway authority areas.
The new framework mandates that industrial plots up to 8,000sqm will be allocated via e-auction, prioritizing genuine entrepreneurs over speculative investors. For plots larger than 8,000sqm, the allocation will include interviews and specific evaluation criteria. Chief Secretary and Industrial Development Commissioner Manoj Kumar Singh has stressed the importance of ensuring transparency throughout the industrial plot allotment process.
According to the e-auction's terms, potential allottees would have to make an initial deposit of 10% of the plot's reserve price to participate in the process. Successful bidders must then pay 30% of the total cost immediately, with the remaining amount payable in scheduled instalments.
The e-auction system has, however, drawn criticism from some industry associations. They have expressed concern that small business owners might be disadvantaged, as the system could potentially favour property dealers and large investors with greater financial capabilities. These groups have proposed an alternative lottery system for plots larger than 2,000sqm to ensure fairer access for genuine MSME businesses.
Despite these concerns, authority officials affirmed their commitment to following the government's allotment policy. A detailed brochure outlining the terms, conditions, and eligibility requirements for participation in the e-auction will be released shortly, offering potential investors clear guidance on the application process.