Two builders bid for group housing plot

By | December 20, 2016

The Noida Authority on Monday received two applications for one of the four group housing plots located in sectors 146 and 147 of the city. The technical bids for the plots were received on Monday, December 19. While the Authority will now evaluate the bids for technical qualifications, the financial bids will be finalised later this week, officials said.

The scheme was launched in November this year but its date of finalisation was revised twice. The earlier dates for finalisation were December 7 and 14.

The reserve price for these plots had been fixed at Rs 54,026 per square metre. Bidding for the plots started at Rs 317 crore. Plots are being allotted on a two-bid system, officials said.

According to Noida Authority officials, only two applications from developers was received for the four group housing plots located along the 24-km Noida-Greater Noida expressway. “The two applications received are from DLF group and one other builder,” said Santosh Kumar, officer on special duty (OSD), Group Housing department, Noida Authority. “These applications will now be evaluated to check if they fulfil the technical requirements. Once this process is done, the financial aspect of the bids will be evaluated,” he said.

Source: Times of India