The Noida Authority has launched an industrial plot allocation scheme through an e-auction system, aimed at strengthening the micro, small, and medium enterprises (MSME) sector. This initiative marks the first rollout under a new policy framework designed to streamline land allocation and promote industrial development in Noida.
E-Auction Process and Initial Rollout
In the initial phase, 17 industrial plots ranging from 200 to 7,500 square meters will be up for bidding. These plots, covering a total of 60,000 square meters, are spread across Sectors 7, 8, 10, 62, 80, and 164. The scheme follows a revised policy approved in December 2024, which standardizes industrial land allocation across Noida, Greater Noida, and Yamuna Expressway regions.
Under the new framework:
- Plots up to 8,000 square meters will be allocated through e-auction.
- Larger plots will require an evaluation process, including interviews.
Financial Terms and Transparency Measures
Participants in the auction must submit an initial deposit of 10% of the plot’s reserve price. Winning bidders are required to pay 30% of the total cost upfront, with the remaining amount structured in installments. Chief Secretary and Industrial Development Commissioner Manoj Kumar Singh has emphasized the importance of transparency in the allocation process.
Industry Concerns Over E-Auction
While the initiative seeks to promote industrial growth, some industry associations have raised concerns that small business owners might struggle to compete with large investors and property dealers in the bidding process. Stakeholders have proposed an alternative lottery system for plots exceeding 2,000 square meters, arguing that it would ensure equitable access for genuine MSMEs.
Also read: SIDBI and Tata Capital Partner to Boost MSME Financing
Future Plans and Expansion
Despite these concerns, Noida Authority remains committed to the government-mandated allotment policy and is identifying additional vacant land for future phases. The Authority plans to release a detailed brochure outlining the terms, conditions, and eligibility criteria, providing clarity for potential MSME investors looking to participate in the scheme.
This move signals a major step toward industrial expansion, offering MSMEs new opportunities for growth while also sparking debate on the best allocation methods for equitable access to industrial land.