GNIDA Launches Premium Group Housing Plots Near Jewar Airport: A Boon for Real Estate
The Greater Noida Industrial Development Authority (GNIDA) has introduced a premium group housing plot scheme near the upcoming Noida International Airport. With the largest plot priced at ₹152 crore, this initiative is set to boost the local real estate market.
Real EstateGnidaJewar AirportGroup Housing PlotsGreater NoidaReal Estate NewsJun 16, 2025
The most expensive plot is located in Sector Sigma III and spans 30,000 sq m. The reserve price is set at ₹50,860 per sq m, according to the official document. The Greater Noida Industrial Development Authority (GNIDA) has put two more premium group housing plots on the auction block through an e-bidding process, alongside the ₹152 crore parcel in Sector Sigma III.
One of the plots, GH-02E in Sector Mu, spans 18,215 sq m and carries a reserve price of ₹53,403 per sq m, taking the total reserve price to ₹97.2 crore. The third plot is located in Sector Alpha II and covers 3,999.80 sq m. It has the highest per sq m reserve price among the three at ₹62,940, bringing the total reserve price to ₹25.17 crore, according to official documents.
All three plots are strategically located near the upcoming Noida International Airport at Jewar and enjoy connectivity to both the eastern and western dedicated freight corridors, as well as the Noida and Yamuna expressways. The Jewar Airport has already triggered significant demand for real estate in its vicinity, revitalizing areas like Greater Noida and the Delhi-Noida Expressway.
According to the scheme document, successful bidders must deposit 10% of the premium as earnest money along with their application. The remaining 90% must be paid within 90 days of receiving the allotment letter. Construction must be completed within seven years of the deed being issued. If the first phase is not completed within three years, extension charges will apply on a pro-rata basis.
Real estate experts have said that the surge in real estate interest is not solely due to the upcoming airport. A range of government-planned infrastructure projects, including industrial parks, medical manufacturing hubs, IT zones, and Film City, are collectively driving the real estate market in the region. As these initiatives near completion, the area is expected to experience sustained growth.
Frequently Asked Questions
What is the largest plot size and its reserve price in the GNIDA scheme?
The largest plot in the GNIDA scheme is located in Sector Sigma III and spans 30,000 sq m. The reserve price for this plot is ₹152 crore.
Where are the plots located in relation to the Noida International Airport?
All three plots are strategically located near the upcoming Noida International Airport at Jewar, with connectivity to both the eastern and western dedicated freight corridors, as well as the Noida and Yamuna expressways.
What are the payment terms for successful bidders in the GNIDA scheme?
Successful bidders must deposit 10% of the premium as earnest money along with their application. The remaining 90% must be paid within 90 days of receiving the allotment letter.
What is the timeline for construction completion in the GNIDA scheme?
Construction must be completed within seven years of the deed being issued. If the first phase is not completed within three years, extension charges will apply on a pro-rata basis.
What other infrastructure projects are driving the real estate market in the region?
A range of government-planned infrastructure projects, including industrial parks, medical manufacturing hubs, IT zones, and Film City, are collectively driving the real estate market in the region.
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