A New Commercial Dawn in Greater Noida

On 17 November 2025, the Greater Noida Industrial Development Authority (GNIDA) launched one of its most ambitious commercial-land schemes in recent memory — a ₹3,604 crore programme offering 37 prime plots via e-auction, signaling a bold push to transform Greater Noida’s commercial landscape.

The scheme: Plot by plot

Here’s what GNIDA is rolling out:

A total of 37 plots with a combined reserve price of ₹3,604 crore.
Two categories of plots:
- FAR-4 plots (higher density) for malls, showrooms, hotels, offices, banquet halls.
- FAR-2 plots (lower density) tailored for retail shops, services, restaurants and smaller commercial establishments.
Key details on sizes & pricing:
- Example: In Sector 3, four plots of 10,000 sqm each are priced at ~₹105 crore each; one of 8,730 sqm at ~₹91.6 crore.
- Ecotech-1 Extension is the largest cluster: nine plots ranging from ~8,880 sqm to 20,000 sqm priced between ~₹79 crore and ~₹178 crore.
- In Ecotech-12, five plots of ~20,000 sqm priced at ~₹187 crore, and the scheme’s largest plot of 23,023 sqm priced at ~₹216 crore.
- For FAR-2: In ETA-1, a 7,455 sqm plot at ~₹50 crore; in Gamma-2, a 2,782 sqm plot at ~₹19.5 crore; in KP-V, a 22,366 sqm plot at ~₹172 crore.
Timeline & Conditions:
- Registrations opened on 13 Nov, close on 5 Dec.
- Earnest Money Deposit (EMD) + processing fee by 9 Dec; submission of documents by 12 Dec.
- Project Completion Period: 5 years in total, with Phase-I to be finished in 3 years.
- Plots cannot be amalgamated or subdivided; consortium bids allowed but cannot alter structure until project completion.

Why now? – The Strategic Push

This scheme is more than just land sales; it's a strategic lever for growth:

Greater Noida is seeing rising commercial demand, driven by infrastructure, mobility and investment interest. GNIDA itself expects strong participation from developers, hospitality groups, large retail chains and institutional investors.
Key enablers:
- The upcoming Noida International Airport (NIA) and the industrial corridors in the region are boosting confidence in future connectivity and growth.
- Location clusters like Ecotech, Sector 3, Sector 10, Sector 12 etc are already established or developing commercial districts, making them attractive for large-format commercial uses.
For GNIDA, this push into high-value commercial plots signals a shift from predominantly industrial / residential land development toward mixed-use, retail, hospitality and commercial hubs — aligning with national trends of creating integrated urban zones.

What it means for stakeholders

For developers & investors:

A sizeable opportunity to acquire large-format commercial land in a growing location.
With FAR-4 allowed, potential for high density mixed-use schemes — malls + offices + hospitality could yield higher returns if the location and execution align.
They should factor in the 5-year completion timeline and restrictions (no subdivision / amalgamation) — so long-term horizon is required.

For retail / hospitality / services players:

The FAR-2 parcels offer fewer square-metres but at lower absolute cost — good for mid-sized retail chains, F&B, service-oriented businesses.
Location variety provides options to choose between high-visibility large parcels vs smaller strategic ones.

For the region & economy:

Such a scheme can accelerate the transformation of Greater Noida into a major commercial hub, not just a satellite residential/industrial town.
Increased commercial development could lead to job creation, improved amenities, rising real-estate values in the vicinity, and better urban infrastructure.

Potential caveats & things to watch

Execution risk: While the scheme lays out timelines, actual completion often hinges on approvals, infrastructure readiness, market demand and developer capability.
Market saturation / demand risk: If many commercial plots are developed around the same time, competition could increase — return yield will depend on tenant absorption, retail performance etc.
Infrastructure & connectivity: While the airport and industrial corridors are strong drivers, actual roads, utilities, mass transit links need to keep pace for the commercial zones to thrive.
Regulatory / cost shifts: Future changes in FAR, tax or approval norms can impact the business case.

In summary

Greater Noida’s ₹3,600 crore commercial land scheme represents a strategic and significant push by GNIDA to pivot the region toward high-value commercial real-estate. With big-ticket plots, ambitious timelines, and infrastructure tailwinds such as the airport and industrial corridors, the opportunity is substantial — provided execution is sharp and demand keeps pace.

For any real-estate investor, developer or business with an eye on North-India’s burgeoning commercial zones, this is one to watch closely.

A New Commercial Dawn in Greater Noida