UP Targets Growth With Industrial Land Sale In Greater Noida, Prices Start At ₹28,600/sq.m

Greater Noida: The Greater Noida Industrial Development Authority has opened bidding for 40 industrial plots ranging from 450 to 8,000 sq.m, with reserve prices set between ₹28,600–₹33,950 per sq.m. While the UP government touts this as part of its "$1 trillion economy" goal, critics note the steep pricing may exclude smaller enterprises.

A parallel bulk land allotment for a Multi-Modal Logistics Park near Dadri requires developers to have ₹1,200 crore minimum investment and a decade of experience, a threshold that limits participation to major corporations. The 174-acre project, strategically located near Jewar Airport, has fixed land rates at ₹11,000/sq.m.

While 242 industrial categories are permitted, exclusions like petrochemicals and fertilizers narrow options. The e-auction deadline is June 20, but industry groups question whether mid-sized manufacturers can afford the premium plots. "The focus seems skewed toward large players," said a local industrial association representative, requesting anonymity.

Authorities emphasize quick possession (within 30 days), but past delays in similar schemes have left some investors wary. The initiative follows earlier promises to streamline industrial growth, though ground-level execution remains under scrutiny.