ASL Audited PDF

GREATER NOIDA INDUSTRIAL DEVELOPMENT AUTHORITY
Plot No: 01, Knowledge Park IV, Greater Noida, Uttar Pradesh 201310
SCHEME FOR
MASTER PLAN LEVEL COMMERCIAL PLOTS IN
GREATER NOIDA
(FAR 4.0)
SCHEME CODE:
CPS-1/2024-25
SCHEME FOR MASTER PLAN LEVEL COMMERCIAL PLOTS IN GREATER NOIDA (FAR 4.0)
Table of contents
Table of contents .......................................................................................................................... i

Data sheet ................................................................................................................................... 1
Section I: Instructions to the Bidders/Applicants ........................................................................... 4
1.1 Definitions: .............................................................................................................................. 4
1.2 Eligibility Criteria ..................................................................................................................... 5
1.3 Qualification Criteria ............................................................................................................... 7
1.4 How to apply & Acceptance of Bid .......................................................................................... 8
1.5 Language and currency ........................................................................................................... 9
1.6 Applicant’s responsibility ........................................................................................................ 9
1.7 Documents required with Application .................................................................................... 9
1.8 Extension of time limit for deposit of Allotment money ...................................................... 10
1.9 Allotment Process ................................................................................................................. 11
1.10 Payment Schedule ................................................................................................................. 11
1.11 Unsuccessful applicants ........................................................................................................ 12
2 Section II: Special Conditions ............................................................................................... 13
2.1 Implementation & Extension: ............................................................................................... 13
2.2 List of activities permissible on the plot ................................................................................ 14
2.3 Development Norms: ............................................................................................................ 14
2.4 Permissible Norms................................................................................................................. 14
3 Section III: General terms and conditions ............................................................................. 15
3.1 ESCROW Account .................................................................................................................. 15
3.2 Execution of Lease Deed ....................................................................................................... 15
3.3 Lease Rent ............................................................................................................................. 15
3.4 Location charges.................................................................................................................... 16
3.5 Possession of the plot ........................................................................................................... 16
3.6 Variation in actual area of allotted plot ................................................................................ 16
3.7 As is where basis/ Lease period ............................................................................................ 16
3.8 Surrender............................................................................................................................... 17
3.9 Change in Constitution (CIC) ................................................................................................. 17
3.10 Change in Shareholding (CIS) ................................................................................................ 17
3.11 Transfer of Plot ...................................................................................................................... 18
3.12 Role of GNIDA as per IBC 2016 .............................................................................................. 18
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3.13 Maintenance ......................................................................................................................... 19

3.14 Permission to Mortgage ........................................................................................................ 20
3.15 Misuse, Additions, Alterations, etc. ...................................................................................... 20
3.16 Indemnity .............................................................................................................................. 20
3.17 Liability to Pay Taxes ............................................................................................................. 21
3.18 Overriding Power over Dormant Properties ......................................................................... 21
3.19 Consequences of mis-representation ................................................................................... 21
3.20 Cancellation of Lease Deed ................................................................................................... 21
3.21 Restoration ............................................................................................................................ 22
3.22 Duty of Lessee to act, provide information etc. .................................................................... 23
3.23 Other Clauses ........................................................................................................................ 23
4 Section IV: Technical forms.................................................................................................. 25
4.1 Form No.1 - Application form................................................................................................ 25
4.2 Form No. 2 - Financial statement of turnover....................................................................... 28
4.3 Form No. 3: Financial statement of Net Worth ..................................................................... 29
4.4 Form No. 4: Solvency certificate ........................................................................................... 30
4.5 Form No. 5 Format for Affidavit ............................................................................................ 31
4.6 Form No 6: Format for Affidavit (Non-Defaulter Declaration) .............................................. 32
4.7 Financials – Audited Financial Statements ............................................................................ 33
5 Section V: Annexures – Land Rates (2022-23) ....................................................................... 34
ii
Data sheet
# Head Details
1. Date of issue of the Scheme As mentioned in the portal
Brochure
2. Date of closure of the As mentioned in the portal

scheme/last date of
submission of application
form
3. Date of opening of Bids As mentioned in the portal
4. Issuance of Allotment Letter To be communicated on a later date
5. Contact person, designation Manager, Commercial Department

and contact details (address Greater Noida Industrial Development Authority
and phone nos.) in the Plot No: 01, Knowledge Park IV, Greater Noida
Uttar Pradesh 201310
Authority office
Phone No: +91-120 2336030
Website: www.greaternoidaauthority.in
6. Allotment method for the E-Auction
scheme
7. Availability of scheme Can be downloaded from the Authority’s website

brochure (GNIDA) www.greaternoidaauthority.in
https://etender.sbi
8. Processing Fee For plots up to For plots more For plots more
5000 Sqm 5000 Sqm but up 10,000 Sqm
to 10000 Sqm
INR 1.15 Lakhs INR 2.15 lakhs INR 4.15 lakhs

(inclusive of (inclusive of GST) (inclusive of
GST) GST)
9. Earnest Money Deposit/
10% of the Premium/ cost of plot
Registration Money
10. Payment Schedule Option 1: Applicant/ Allottee has option to make full and final
payment of the total premium (including Earnest Money/
Registration Money) of the plot within 90 days from the date
of issue of Allotment Letter. In such case, 2% rebate will be
given on the total premium of the plot.
Option 2: Applicant/ Allottee has option to pay 40% of the
total premium of the plot (including Earnest Money/
Registration Money) within 60 days from the date of issue of
Allotment Letter. Balance amount 60% of the total premium of
the plot has to be paid in 3 years in 6 half yearly installments.
The rate of interest on Installments shall be as per the
prevailing interest rates of GNIDA, from time to time (current
interest rate is (10% p.a. as of 1st of July 2023). This rate will
change as per interest rate revision by GNIDA.
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# Head Details
11. Mortgage permission fee As per the prevailing policy of the Authority, if at all, at the
time of submission of Permission to Mortgage request letter
by the Allottee and after payment of the prescribed
Fees/charges.
12. Transfer No Transfer shall be allowed till Completion Certificate for the
entire project has been obtained from GNIDA/Lessor.
Thereafter, transfer of plot may be allowed by the GNIDA, if

at all, as per the prevailing policy of the Authority at the time
of submission of transfer request letter
13. Period of lease The allotment of plot will be made on leasehold basis for a
period of 90 years from the date of execution of Lease Deed.
14. Location charges As per Clause No. 3.4
15. Permissible commercial The only permissible commercial activities are:

activity
1. Development of Commercial Complex(s) for commercial
activities such as shopping malls, showrooms, retail
outlets, restaurants, Banks, hotels, banquet halls, offices
and other such commercial activities as permitted in the
zonal regulations and Phase I Master Plan 2021 of
GNIDA, subject to the condition that the activities
considered to be a public nuisance/ hazardous shall not
be carried out.
16. Norms of development 1. Floor Area Ratio (FAR): 4 (No purchasable FAR shall be
admissible in future)
2. Norms related to permissible FAR, Ground Coverage,
setbacks and permissible height shall be as per Building
Bylaws of the GNIDA at the last date of Bid Submission.
3. Other norms for development/construction shall be as
per the applicable Building Regulations of GNIDA at the
last date of Bid Submission.
4. In case of discrepancy between Building
Byelaws/Regulations and development norms as
mentioned in this Scheme document, then Building
Byelaws/Regulations at the last date of Bid Submission
of GNIDA shall prevail.
17. Reserve Price As per Sector Wise Rate List Section V: Annexure, Land
Rates 2024-2025.
18. Rate of annual Lease Rent 2.5% of the total premium of the plot to be increased by 50%
automatically every ten years.
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# Head Details
19. Construction Period Time limit for obtaining Completion Certificate (from the date
of execution of Lease Deed): 3 Years
Construction norms shall be as per GNIDA building bye laws
20. Amalgamation or Sub- No amalgamation or sub-division shall be allowed on the

division allotted plots. The Allottee shall be solely responsible for the
development/ construction of all proposed activities as
approved by the Authority.
21. Consortium Allowed but will remain unchanged till Completion of full
project.
22. GNIDA PAN NO. AAALG0129L
23. GNIDA GST NO. 09AAALG0129L1Z6
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Section I: Instructions to the Bidders/Applicants

1.1 Definitions:
The key definitions for the purpose of this scheme document are as follows:
i) “Authority” means the Greater Noida Industrial Development Authority
ii) “Authorised Bank” implies the bank that has been identified by the Authority
iii) “Allotment letter” is the letter issued by the Authority to the Allottee confirming the allotment under a
particular scheme for which application was submitted
iv) “Allotment money” is the amount as prescribed in the scheme brochure and is expected to be
deposited by the Allottee within the given time period
v) “Allottee” is the person whose bid for allotment has been approved by the competent officer
vi) “Allotment committee” is a committee constituted at the Authority for scrutiny of the applications
received for allotment under the advertised scheme.
vii) “Bidder/Applicant” is the person/entity who has submitted bid in response to this scheme.
viii) “Building Byelaws/Regulations” as notified by the Authority for development of land and construction
of buildings
ix) “Consortium” refers to the group of entities (not exceeding 5) jointly submitting the Bid as a Bidder.
Each of the members of the Consortium shall individually be referred to as “Consortium Member”.
x) “Day” means calendar day
xi) “Occupancy certificate” refers to the certificate issued by the concerned department in Authority to
declare the unit as fit for occupancy post completion
xii) “Government” means the Government of Uttar Pradesh
xiii) “Lead Member” means
a. where the Applicant/Bidder is a Consortium, the Consortium Member having at least 30%
stake in the Consortium, meeting the Eligibility Criteria, either by itself or through one of its
Affiliate and designated as the “Lead Member” of such Consortium by all the Consortium
Members.
xiv) “Net worth” from Financial Statement, where Net worth shall be calculated as below:
a. In case of a Company: Net Worth is the Paid-up share capital (excluding share application
money) plus Reserves and surpluses (excluding revaluation reserve) less Preliminary and pre-
operative expenditure; less Miscellaneous expenditure to the extent not written off; less
accumulated losses; less intangible assets. (Figures are to be taken from the last audited
balance sheet of the Company)
b. In case of a Partnership firm/ LLP Firm: Contribution by each partner taken together in the
capital of the firm shall be considered as Net Worth of the firm excluding intangible assets, if
any.
c. In case of an Individual: Net Worth statement (relating to application made by proprietorship
firm) certified by the applicant’s statutory auditors/ Chartered Accountant along with certified true
copies of income tax / wealth tax returns with all its enclosures as submitted to Income Tax
Authority, should be submitted.
d. In case of a Trust: Corpus fund and General Fund taken together shall be considered as Net
Worth of the Trust.
4
e. In case of a Society: Corpus fund and General Fund taken together shall be considered as Net
Worth of the Society.
f. In case of a New Company: Net Worth of Promoters/ Directors
xv) “Lease Rent” is the amount paid by the Lessee to the Lessor as rental against the property allocated
to the Lessee
xvi) “Lease Deed” is a contractual agreement by which Lessor conveys a property to Lessee, for a limited
period, subject to various conditions, in exchange for Lease Rent, but still retains ownership.
xvii) “Lessee” is the person/entity who holds the lease of a property or tenant
xviii) “Lessor” refers to a person/entity who leases or rents a property to another; the owner which in this
case is GNIDA.
xix) “Transfer Deed’ is a contractual agreement by which a property (herein land) is transferred from its
legal Lessee to another party.
xx) “Occupancy certificate” refers to the certificate issued by the Authority on completion of the building
construction as per provisions of Building Regulations
xxi) “Sub-Lessee” is the person/entity who holds a lease of a property which was given to another
person/entity for all or part of a property.
xxii) “Reserve Price” is the minimum price as determined by the Authority for this scheme/property and
would act as the base price at which the bidding starts.
xxiii) “Total Premium of the plot” is the total amount payable to the Authority calculated as the quoted bid
price per sqm multiplied by the total area of the plot. (GST and Taxes if any is over and above this
premium and are not included in the definition of Total Premium).
xxiv) “Authorized Signatory” Officer or representative vested (explicitly, implicitly, or through conduct) with
the powers to commit the authorizing organization to a binding agreement.
xxv) “P.T.M.” Permission to Mortgage.
1.2 Eligibility Criteria
1.2.1 Any Proprietor or Partnership Firm, Limited Liability Partnership Firm (LLP), Private or
Public limited company or consortium of any of these can submit Bid(s) for one or
more than one plot. The firms and the companies should be registered in India.
1.2.2 Note: Bidder(s)/Applicant(s)/Consortium Partner(s) which are part of the defaulters’

lists as per record of GNIDA on the last date of Bid Submission are not eligible to
participate and their Bids shall be automatically disqualified
1.2.3 The Bidder should be competent to contract.
1.2.4 A separate application form shall be required to be submitted for each plot.
1.2.5 In case where the plot is greater than 1,000 Sqm, the Bidder may form a consortium
as per the following conditions:
i. Members of consortium will have to specify one Lead Member who alone shall be
authorized to correspond with the Greater Noida Authority. Lead Member should be
the single largest shareholder having equity at least 30% share in the consortium.
ii. Each member of the consortium will have equity stake of at least 5%.
iii. The group of entities jointly submitting the Bid as a Consortium shall not exceed 5
(five).
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iv. The Lead Member and the Consortium Members should jointly qualify the minimum
financial requirement of net worth, solvency and turnover in proportion to their
percentage shareholding in the consortium created and shall be calculated as
illustrated in the following example:
o In case of a consortium with the following shareholding:
 Lead Member = 40% Share
 Consortium Member = 20% Share
o In this case, the Net Worth/ Solvency/ Turnover for the consortium shall be
sum of Eligible Net Worth/ Solvency/Turnover in proportion to their percentage
shareholding in the consortium. The Eligible Net Worth/ Solvency/ Turnover
for the individual Consortium Members shall be calculated as follows:
 Eligible Net Worth/Solvency/Turnover for a Consortium Member =
Shareholding Percentage x Net worth of Consortium Member
o For example, if the Total Net Worth of Consortium members is as follows:
 Lead Member = 50 Crore
 Consortium Member = 20 Crore
o The Eligible Net Worth shall be as follows:
 Lead Member = 40% x 50 Crore = 20 Crore
 Consortium Member = 20% x 20 Crore = 4 Crore
In this case, the Total Eligible Net Worth of Consortium shall be:
20 + 4 + 4 + 4= 32 Crore
v. In case of a Consortium, the members shall submit an irrevocable Memorandum of
Agreement (MOA) conveying their intent to jointly apply for the scheme(s), and in case
the plot is allotted to them, the MOA shall clearly define the role and responsibility of
each member in the consortium, particularly with regard to arranging debt and equity
for the project and its implementation duly registered/notarized with appropriate
authority.
vi. Special Purpose Company (SPC)
o In case a plot is allotted to a Consortium, they have to form a Special Purpose
Company (SPC) that will subsequently carryout all its responsivities as the
Allottee. The SPC must necessarily be a Firm/Company registered in India
with the appropriate Statuary Authority. The shareholding and Lead Member
of the SPC shall be same as the MOA/MOU signed between all Consortium
Members. Lease deed shall be made in favor of the Special Purpose
Company (SPC).
o All SPC Members/Shareholders shall be jointly and severely responsible for
the successful implementation of the Project.
o All Members/Shareholders of the SPC shall have to maintain 100%
shareholding/ownership and their shareholding/ownership percentage shall
remain same till Completion Certificate for the entire project has been
obtained from GNIDA/Lessor.
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1.3 Qualification Criteria
1.3.1 Financial Eligibility Criteria:
For For For For For

plots plots plots plots plots For
For
more more more more more plots of
plots
1000 2000 3000 4000 5000 10,000
# Parameters up to
Sqm Sqm Sqm Sqm Sqm Sqm
1000
but up but up but up but up but up and
Sqm
to 2000 to 3000 to 4000 to 5000 to 9999 more
Sqm Sqm Sqm Sqm Sqm
I Minimum Net Worth

ason 31.3.2023 duly
certified by the
INR 2 INR 3 INR 4 INR 5 INR 10 INR 15
Bidder/Applicant’s None
Crore Crore Crore Crore Crore Crore
statutory auditors/
Chartered
Accountant
II Minimum Solvency
as per Certificate not
more than 6 INR 20 INR 30 INR 40 INR 50 INR 1 INR 1.5
None
months old, from a Lakhs Lakhs Lakhs Lakhs Crore Crore
Nationalised/
Scheduled Bank
III Minimum Total

Cumulative
Turnover for any of
the last 3 accounting
years duly audited by
the
Bidder/Applicant’s INR 4 INR 6 INR 8 INR 10 INR 20 INR 25
None
statutory auditors / Crore Crore Crore Crore Crore Crore
Chartered
Accountant i.e. 2019-
20, 2020-21, 2021-
22 and 2022-23 as
per the last published
balance sheets.
1.3.2 Note: Bidder(s)/Applicant(s)/Consortium Partner(s)or their Directors or Promoters

which are part of the defaulters’ lists as per record of GNIDA on the last date of Bid
Submission are not eligible to participate and their Bids shall be automatically
disqualified.
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1.4 How to apply & Acceptance of Bid
1.4.1 Portal for e-auction https://etender.sbi can also be accessed through a link at GNIDA
website www.greaternoidaauthority.in
1.4.2 Interested parties will need to register and obtain user ID and password on the e-
auction portal and thereafter deposit non-refundable and non-adjustable E-Brochure
Document Fee and Processing Fee as mentioned in the Data Sheet separately
against each property for participation in the e-auction through online payment on or
before date/time as mentioned in the Data Sheet and GNIDA will not be responsible
for any payment after that and Bid will not be considered.
1.4.3 It will be the sole responsibility of the bidder/participant to obtain a compatible

computer terminal with internet connection to enable him/her to participate in e-
bidding process any reasons thereof. Ensuring internet connectivity at the bidder’s
end shall be the sole responsibility of the Bidder/Applicant. Any request/complaint
regarding the connectivity of internet at the Bidder’s/Applicant’s end will not be
entertained in any form and shall not be basis of cancellation of the bidding process.
1.4.4 Group of plots/sites having the same size and same earnest money, are likely to be
put up for e-auction on a single day. Bidder is required to deposit a separate EMD for
each advertised property.
1.4.5 The Authority may without assigning any reason withdraw any or all the sites from the
e-auction at any stage and is not bound to accept the highest bid or all bids even if
they are above the reserve price.
1.4.6 Authority reserves the right to accept or reject any or all the bids or cancel/postpone
the e-auction without assigning any reason.
1.4.7 Bidding will not be permissible below the reserve price/allotment rate of the plot.
1.4.8 The bid submitted shall be with an incremental value of 1(one) percent of the Reserve
Price of the plot rounded to closest figure in thousands.
1.4.9 If the bidding continues till the last 5 minutes of the scheduled/extended closing time
of auction, in such case, the bidding time shall be automatically extended for further
15 minutes from the last Bid.
1.4.10 Post registration, Bidder/Applicant shall proceed for login by using his ID and
password. Bidder shall proceed to select the plot he is interested in. the e-bidder
would have following options to make payment towards e-brochure fees, processing
fees and EMD through valid:
A. Credit Card : For document download fee and processing
fee
B. Net Banking : For document download fee, processing fee
and EMD
C. NEFT : For document download fee, processing fee
and EMD
D. RTGS : For EMD
E. Branch Option (SBI Cheque) : For document download fee, processing fee
at SBI branch and EMD
1.4.11 Incomplete bid documents will not be considered.
1.4.12 The Bidder/Applicant cannot withdraw the offer/ bid once made.
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1.4.13 Customer Care for technical support on registration, deposit of fees, e-auction etc.
Phone: 022-22811110 email: [email protected]
1.4.14 For further inquiries contact: Office of the Desk Officer Commercial Department, Plot
No. 1, KP IV, Greater Noida, Uttar Pradesh 201301 between 10.00 AM to 02.00 PM.
1.4.15 The GNIDA may, without assigning any reason, add one or more plots in the scheme
and/or withdraw any one or all the plots from the scheme at any stage. The size of the
plot may be increased or decreased.
1.4.16 The GNIDA may accept or reject any offer, including the highest bid or cancel the
scheme, and its decision in this behalf shall be final and binding on the
Bidders/Applicants.
1.4.17 There will be no correspondence on issues/grounds raised in Disqualified Bids.

1.5 Language and currency
1.5.1 The document and all related correspondence for this scheme shall be in English
language. The currency for the purpose of this scheme shall be Indian National
Rupee (INR)
1.6 Applicant’s responsibility
1.6.1 It is deemed that before submitting the application, the Applicant has made complete
and careful examination of the following:
 The eligibility criteria and other information/requirements, as set forth in the Brochure
 All other matters that may affect the Applicant’s performance under the terms of this
scheme including all risks, costs, liabilities and contingencies.
1.6.2 GNIDA shall not be liable for any mistake or error or neglect by the Applicant.
1.7 Documents required with Application
1.7.1 Following documents duly signed by the applicant and certified by Chartered
Accountant on each page, should be enclosed with the application form for
registration:
A. In case of Company (Private & Public):
 Certified true copy of Certificate of Incorporation/Certificate of Commencement of
Business.
 Application Form as per Form No. 4.1
 Certified true copy of Memorandum & Articles of Association

 List of Directors certified by a Chartered Accountant as on date of submission of
Bidder/Applicant
 List of Shareholders certified by the statutory auditors/Chartered Accountant. In case
the numbers are large, list should contain details of major shareholding i.e. of
promoters, institutions, corporates and the public as on date of submission of Bid
 Board resolution authorizing the applicant (Authorized Signatory – company secretary

or M.D. of the company) to sign on behalf of the company for making this application.
 Net Worth Statement certified by the statutory auditors/Chartered Account of the

Company firm as per Form 4.3
9
 Audited annual Financial reports for the last three (3) consecutive years i.e. 2017-18,
2018-2019, 2019-20 and 2020-21 certified by the CA as per the last published balance
sheets in accordance with Form No. 4.2.
 Solvency Certificate not more than 6 months old from a nationalized/ scheduled bank
in accordance with Form No. 4.4.
 Affidavit stating that the Bidder(s)/Applicant(s)/Consortium Partner(s) are not part of
defaulters’ lists as per record of GNIDA on the last date of Bid / Proposal Submission
in accordance with Form No. 4.6
B. In case of Partnership/ Limited Liability Partnership (LLP) Firm:

 Attested copy of the Partnership Deed in case of Partnership firm
 Attested Copy of the certificate issued by Registrar of Firm.

 Board resolution authorizing the applicant to sign on behalf of the Partnership/ Limited
Liability Partnership (LLP) for making this application.
 Net Worth Statement certified by the statutory auditors/Chartered Account of the
Partnership firm as per Form 4.3
 Audited annual Financial reports for the last three (3) consecutive years i.e. 2017-18,
C. In case of Proprietorship:
 Net Worth Statement certified by the statutory auditors/ Chartered Account of the
Proprietorship firm as per Form 4.3
 Audited annual Financial reports for the last three (3) consecutive year i.e. 2019-20,
Apart from the above list (not exhaustive) relevant documents mentioned in any other part of
this document also needs to be submitted.
1.8 Extension of time limit for deposit of Allotment money
1.8.1 No extension regarding time period will be allowed for the deposit of Allotment Money.
In case of default in payment, the allotment letter will be cancelled, and the Earnest
Money will be forfeited by the Authority.
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1.9 Allotment Process
1.9.1 Screening Committee: The Technical offers shall be scrutinized by a designated

Screening Committee. The final decision of the Authority in this regard shall be final.
The “Authority” shall have the right to accept or reject any offer without any reason.
1.9.2 Scrutiny of applications: The application along with the requisite documents will be
scrutinized by the Screening Committee. If the applications are found to be
incomplete/ information is incorrect, the authority may reject the application or may
seek clarification if deemed necessary.
1.9.3 In case the Applicant is unable to submit the required information within prescribed
time, the application shall not be considered for allotment.
1.9.4 In case there are more than 3 applicants for a specific Commercial plot, then there will
be e-auction between all applicants on the date as mentioned on the E-auction
Portal/Greater Noida Website. Details instructions/process for e-auction via SBI Portal
(https://etender.sbi) is elaborated in Clause no. 1.4 - How to Apply.
1.9.5 In the e-auction process, in case there are less than three, including zero eligible
bidders participating in the first instance (which shall be of 21 days) against a plot(s),
then last date of submission of application shall be extended by 07 days for that
particular plot(s). It shall be extended further for a time period of 07 days, if the
number of bidders against that particular plot(s) is less than 3. However, the plot shall
be allotted to the highest bidder, even if there are less than three bidders in the e-
auction after 2 extensions of 07 days each. Less than 3 applications received in first /
second time in above process, shall be rolled over and carried to the next phase
automatically. Hence, they need not reapply.
1.9.6 After the e-auction, the Allotment Committee shall recommend the allotment of
Commercial Plot.
1.9.7 Issue of allotment cum allocation letter: The Allottee shall be informed about the
allotment via an allotment cum allocation letter with specific plot number. The
Allotment Letter shall be issued within 30 days from the date of approval of allotment.
1.9.8 Applicant has to deposit Allotment Money as mentioned in Data Sheet.
1.9.9 In case the due Allotment Money as mentioned above is not deposited within the
stipulated/extended period, the allotment of plot shall be cancelled without giving any
opportunity in this regard and Registration Money deposited shall be forfeited.
1.9.10 List of available plots for allotment are displayed on the Website of the Authority.
Number of plots may increase or decrease depending on the availability of land at the
time of allotment. CEO reserves the right to withdraw any plot for the allotment
process at any time, without assigning any reason.
1.10 Payment Schedule
1.10.1 Option 1: Applicant/Allottee has option to make full and final payment of the total
premium of the plot within 90 days from the issue of Allotment Letter. In such case,
2% rebate will be given on the total premium of the plot.
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1.10.2 Option 2: Applicant/Allottee has option to pay 40% of the total premium of the plot
(including Earnest Money / Registration Money) within 60 days from the issue of
Allotment letter. Balance amount 60% of the total premium of the plot has to be paid
by in 3 years in 6 half-yearly instalments. The rate of interest on instalments shall be
as per the prevailing interest rates of GNIDA, from time to time (current interest rate is
10% p.a. as of 1st of July 2023). This rate will change as per interest rate revision by
GNIDA.
1.11 Other conditions:
i. Payments can be made with online through Authority’s website @
www.greaternoidaauthority.com. Authority is in the process and may soon implement
end-to-end ERP system for all processes. Hence, in future only online payments will
be accepted. The Allottee will have to abide by all such decisions of the GNIDA.
ii. The Allottee shall be liable to pay stamp duty (Stamp duty calculation should also be
verified from the concerned sub registrar, Gautam Budh Nagar) for execution of the
Lease Deed in treasury of district Gautam Budh Nagar and should produce a
certificate to the affect in relevant department at GNIDA within 180 days from the issue
of allotment letter.
iii. The Allottee / Lessee alone shall be liable for any shortfall or consequence for
insufficient stamping of the Lease Deed.
iv. After depositing the installment/dues with the designated scheduled bank/payment
gateway/ online system, the Allottee shall intimate the same to GNIDA through a
written intimation along with the details of amount deposited or through an email.
v. The payment made by the Allottee/Lessee will first be adjusted towards the penal
interest & interest due, if any, and there after the balance will be adjusted towards the
outstanding Lease Rent, if any, and then towards premium due.
vi. The Allottee/Lessee shall not claim/entitled for any benefit/ relaxation on the ground
that the contiguous land has not been made available/handed over. In such an event,
the due date of payment of installment shall not be changed in any case and
Allottee/Lessee shall have to pay due installment along with interest on due date.
vii. In case of allotment of additional land, the payment of the premium of the additional
land shall be made in lump sum within 30 days from the date of communication of the
said additional land as per prevailing policy of GNIDA on the rate as applicable on the
date of allotment of additional land. The rate calculated by GNIDA will be final and
binding on the Allottee.
viii. In case of any increase in the rate of land acquisition/land purchase cost/ex-gratia/No-
litigation incentive to the farmers by order of the Court, by the Authority or by the State
Government or by way of any settlement, the Allottee/Lessee shall be bound to pay
such additional amount proportionately as the cost of the land and all the terms and
conditions prevalent at the time of allotment shall be applicable.
ix. Applicable interest rate shall be as per Office Order, Reference No. 5034/GN/office
order/ 2022-23 dated 12/07/2023. This rate will change as per interest rate revision by
GNIDA from time to time.
1.12 Unsuccessful applicants
1.12.1 The Registration Money/ Earnest Money of unsuccessful applicants shall be returned
to them without interest. However, if the period of deposit is more than one year,
simple interest @ 4% p.a. shall be paid for the period of deposit exceeding 1 (one)
year.
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2 Section II: Special Conditions

2.1 Implementation & Extension:
2.1.1 Development Norms shall be as per the prevailing Building Regulations/ Byelaws of
GNIDA on the last day of Bid submission. In case of discrepancy between Building
Byelaws/Regulations and development norms as mentioned in this Scheme
document, then Building Byelaws/Regulations as existing on the last date of Bid
Submission of GNIDA shall prevail. It is made clear that in case there is any upward
revision of FAR in the building byelaws/regulations after the allotment is made then
the same shall not be available to the Allottee / Lessee except, inter-alia on payment
of charges, if at all under the prevailing policy of Authority.
2.1.2 The Allottee will commence the construction after taking over physical possession of
the plot as per duly approved building plan and inform in writing to GNIDA about
timely completion of the approved project.
2.1.3 The Allottee will adhere to the schedule of construction and completion of the project
as given in the Data Sheet and inform the Authority in writing in the prescribed format.
2.1.4 Extension for Completion: Normally, no extension for completion would be granted;
However, in exceptional circumstances, extension may be granted by the Authority as
per the prevailing policy of GNIDA at the time of submission of extension request
letter by the Allottee and after payment of prescribed fees/charges. The current
extension charges applicable for construction period for reference of the Applicant are
as follows:
Sr.
Time extension charges
No.
For fourth year the 1% of the total Premium per year
1 penalty shall be
For fifth year the Additional 2% of the total Premium per year
2
penalty shall be
Note: Maximum extension for completion (including extension) given to Allottee shall
be five (5) years. After this period, the allotment would automatically stand cancelled
in reference to the GO number: 1117 (2)/LXXIX-V-1-2020-2(ka)-17-2020, as amended
from time to time. All permission of extension and penalties will be calculated from
date of execution of lease deed. These charges are subject to change as per
prevailing policy of GNIDA.
2.1.5 The Allottee / lessee expressly agrees that no layout and / or building plan shall be
approved and communicated unless all outstanding towards premium, lease rent etc.
as on the date of submission of application and up to the date of approval have been
duly paid to the Authority. Likewise, no Completion Certificate or Occupancy
Certificate shall be issued by the Authority until all outstanding towards premium
lease rent etc. have been duly paid to the Authority.
2.1.6 The Allottee / lessee shall not put any of its Allottee of flat/built-up space into
possession for any reasons whatsoever whether for fitment etc prior to issue of
Completion Certificate / Occupancy Certificate AND without clearing all dues.
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2.1.7 The Allottee / lessee shall not be entitled to seek change / alteration under approved
layout plans except in line with applicable byelaws and all applicable statutory
provisions like RERA etc.
2.1.8 Real Estate (Regulation and Development Act) 2016, UP Apartments ACT where
applicable and the rules made under it will be followed by the developer.
2.2 List of activities permissible on the plot
2.2.1 The list of activities permissible for Floor Area Ratio (FAR) 4 shall be - Development
of Commercial Complex(s) for commercial activities such as shopping malls,
showrooms, retail outlets, restaurants, banks, hotels, banquet halls, offices and other
such commercial activities as permitted in the zonal regulations and Phase I Master
Plan 2021 of GNIDA, subject to the condition that the activities considered to be a
public nuisance/ hazardous shall not be carried out.
2.3 Development Norms:
2.3.1 The Allottee can do development for as per the prevailing Building
Regulations/Byelaws of the Authority on the last day of Bid Submission. The
prevailing Building Regulations for reference of the Applicant are as follows:
Maximum permissible Floor Area Ratio 4.0
(FAR)
(as per building byelaws)
Maximum permissible Ground Coverage 40%
Maximum permissible Height No limit
2.4 Permissible Norms
2.4.1 All the infrastructural services within the plot area only shall have to be provided by
the Allottee.
2.4.2 All clearances/approvals must be obtained by the Allottee from the respective
competent statutory authorities prior to the commencement of the construction work.
2.4.3 Provisions related to the fire safety shall be strictly observed and the necessary
approvals shall be obtained from the respective competent statutory Authority(ies).
2.4.4 The Area/ Dimensions of the site are subject to any change/modification as per the
actual measurements at the site.
2.4.5 All other provisions, not specified above, shall be in accordance with the Building
Regulations and directions of Greater Noida Authority and the amendments made
there in from time to time.
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3 Section III: General terms and conditions

3.1 ESCROW Account
3.1.1 The Allottee may have to open ESCROW Account as per prevailing Policy of the
Authority.
3.2 Execution of Lease Deed
3.2.1 The Allottee will be required to execute the Lease Deed of the plot within 30 days
from the date of issue of check list which shall be issued soon after the
acknowledgement of receipt of allotment letter and payment of the dues in
accordance with the payment plan opted by the Allottee. In case of failure to do so,
the allotment of plot may be cancelled and 30% of the premium (Bid amount) of the
plot & any charges, interest and any other penalties may be forfeited.
3.2.2 However, in exceptional circumstances, the extension of time for the execution of the
Lease Deed and taking over possession may be permitted as per the prevailing policy
of the Authority at the time of submission of extension request letter by the Allottee
and after payment of prescribed fees/charges. The current prevailing policy of the
Authority of is as follows:
1 First 6 Months 1% of the total premium of the Plot
2 Second 6 Months Additional 2% of the total premium of the Plot
3 Third 6 Months Additional 4% of the total premium of the Plot
4 Fourth 6 Months Additional 8% of the total premium of the Plot
After that Additional 2% of total premium of the plot per month for
a maximum of one (1) year. Therefore, the maximum
extension given will be three (3) year. After this period
the allotment would stand cancelled.
Note: Extension of time and applicable penalties/fees/charges shall be calculated from due
date of execution of lease deed.
3.2.3 Documentation charges: All cost and expenses of preparation, stamping and
registering of the legal documents and its copies and all other incidental expenses will
be borne by the Allottee, who will also pay the stamp duty levied on transfer of
Immovable property, or any other duty or charge that may be levied by any Authority
empowered in this behalf.
3.2.4 Period of lease: 90 years from the date of execution of Lease Deed.
3.3 Lease Rent
3.3.1 In addition to the premium of plot, the lessee shall have to pay yearly Lease Rent in
the manner given below.
i. The Lease Rent will be 2.5% of the premium of the plot per year for the first 10 year
from the date of execution of the Lease Deed.
ii. After every ten years from the date of execution of the Lease Deed, the Lease Rent
shall be automatically increased @50% and the rate will be applicable for the next ten
years and this process of enhancement will continue for future.
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iii. The Lease Rent shall be payable in advance every year. First such payment shall fall
due on the date of execution of Lease Deed and thereafter, every year, on or before
the last date of previous financial year.
iv. In case of failure to deposit the due Lease Rent by the due date, interest of 3% p.a. in
st
addition to the prevailing interest rate of GNIDA (3% + 10% p.a. as of 1 of July 2023
= 13% p.a.) compounded every half yearly for the entire default period, on the
defaulted amount shall be payable. This rate will change as per interest rate revision
by GNIDA
v. The Allottee/ Lessee has the option to pay Lease Rent equivalent to 15 years Lease
Rent (i.e. 15 years @ 2.5% = 37.5% of the total premium of the plot) as One Time
Lease Rent unless the Authority decided to withdraw this facility. On payment of one-
time Lease Rent, no further annual Lease Rent would be required to be paid for the
balance lease period, this option may be exercised at any time during the lease period,
provided the Allottee has no outstanding lease rent arrears. It is made clear that Lease
Rent already paid and / or outstanding will not be eligible for adjustment in the amount
payable towards One Time Lease Rent.
3.4 Location charges
3.4.1 If the plot is situated within 1 Km of Metro Corridor, then reserve price of the plot shall be
enhanced by 10% and Bidding will not be permissible below this enhanced price.
3.5 Possession of the plot
3.5.1 Date of execution of Lease Deed shall be considered as the date of possession of the
Plot.
3.5.2 Execution of Lease Deed(s) can be done only after 100% payment in case of
payment option 1 and payment of 40% of premium in case of payment option 2
and one-year Lease Rent, in advance irrespective of the payment plan opted. On
the date of execution of the Lease Deed there remains no outstanding amount
payable to the GNIDA whether on account of instalment towards the premium or any
account head whatsoever.
3.6 Variation in actual area of allotted plot
3.6.1 The Area of the commercial plots stated in the Brochure is approximate. The
Bidder/Applicant whose Bid is accepted, shall have to accept any variation, up to
10% either way in the area of the commercial plot, for which the Bid has been offered.
The premium of the commercial plot will accordingly be calculated due to such
variation in the area.
3.6.2 If the variation is more than 10%, on choice offered by GNIDA, the Applicant will have
the option to accept or reject the allotment. If not accepted by the Applicant, GNIDA
will either give a similar plot in the same sector or return the money deposited by
Applicant without any interest for first 6 months (from exercise of the option by
Applicant and 4% interest after 6 months).
3.7 As is where basis/ Lease period
3.7.1 The plots are offered for allotment on a “as is where is basis” on a lease for a period
of 90 years starting from the date of execution of the lease deed. The Allottee shall be
responsible for appropriate due diligence by visiting the plot before Bid submission.
No claim whatsoever is admissible on account of physical status of the land of the plot
offered for allotments.
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3.8 Surrender
3.8.1 Surrender may be allowed by the GNIDA as per the prevailing policy of the Authority
at the time of submission of surrender request letter by the Allottee. The current
prevailing policy for reference of the Applicant is as follows:
3.8.2 The Allottee can surrender the allotment with an online application within 30 days
from the date of allotment. In such case, Earnest Money / Registration Money
deposited will be forfeited in total and the balance, if any, deposited against the
premium of plot, will be refunded without interest.
3.8.3 In case the allotment is surrendered after 30 days from the date of allotment but
before the execution of Lease Deed, the total deposited amount or 15% of total
premium after e-auction, whichever is less, will be forfeited by the Authority. Balance
amount, if any, after adjustment of all dues of authority, will be refunded without
interest. However, the amount deposited towards lease rent, interest, penal interest,
extension charges etc. shall not be refundable at any stage.
3.8.4 In case the allotment is surrendered after Lease Deed execution, the total deposited
amount or 20% of total premium after e-auction, whichever is less, will be forfeited by
the Authority. Balance amount after recovering the lease rent till date of surrender and
adjustment of all dues of the authority, if any, and after forfeiting the amount as
indicated above, will be refunded without interest. However, the amount deposited
towards lease rent, interest, penal interest, extension charges etc. shall not be
refundable at any stage.
3.8.5 The date of surrender in the above case shall be the date on which the application for
surrender is received online via email “[email protected]”. No subsequent claim on
the basis of any postal certificate etc. will be entertained. The Allottee has to execute
surrender deed, if Lease Deed/Transfer Deed has been executed then all the original
legal documents are to be surrendered unconditionally to GNIDA.
3.9 Change in Constitution (CIC)
3.9.1 Change in Constitution may be allowed by the Lessor/GNIDA as per the prevailing
policy of the Lessor/GNIDA as prevailing on the date of submission of CIC request
letter by the Lessee and upon payment of prescribed fees / charges and compliance
of all required formalities.
3.9.2 In case of Change in Constitution of the Lessee/Allottee or the Consortium or any of

the consortium member, the Lessee/Allottee must submit the application to the
Authority within 45 days of implementation of the change. In case the Lessee/Allottee
fails to submit the application within 45 days, Lessee shall be subjected to penalties
as per the prevailing policy.
3.9.3 Members of the Consortium shall have to maintain 100% shareholding/ownership till
Completion Certificate for the entire project has been obtained from GNIDA/Lessor.
3.10 Change in Shareholding (CIS)
3.10.1 Change in Shareholding may be allowed by the Lessor/GNIDA as per the prevailing
policy of the Authority at the time of submission of CIS request letter by the
Lessee/Allottee and after payment of the prescribed Fees/charges.
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3.10.2 In case of Change in Shareholding of the Lessee/Allottee or the Consortium or any of

the consortium member, the Lessee/Allottee must submit the application to the
Authority within 45 days of implementation of the change. In case the Lessee/Allottee
fails to submit the application within 45 days, Lessee shall be subjected to penalties
as per the prevailing policy.
3.10.3 Members of the Consortium shall have to maintain 100% shareholding/ownership till
Completion Certificate for the entire project has been obtained from GNIDA/Lessor.
3.11 Transfer of Plot
3.11.1 No transfer of Allotment / leased plot / Lease Deed can take place except with prior
written permission of Lessor/GNIDA.
3.11.2 No Transfer shall be allowed till Completion Certificate for the entire project has been
obtained from GNIDA/Lessor.
3.11.3 Thereafter, Transfer of plot may be allowed by the GNIDA as per the prevailing policy
of the Authority, if at all, at the time of submission of transfer request letter (through
ERP system or via email “[email protected]”) by the Allottee and after the following:
i) payment of prescribed fees/charges,
ii) clearance of all up to date dues, and
iii) overdue instalment towards premium of land.
3.11.4 The Allottee / Lessee expressly agrees that in the event any application for transfer is
made and the Lessor grants permission therefor, then the same by itself shall not
result in any extension of time for completion of the project. The approved transferee
shall have to complete the project within the time prescribed by the Lease Deed.
3.11.5 Transfer of Built-up spaces (Sub-lease):

i) Transfer of Built-up spaces will be allowed only after obtaining completion certificate
for the entire project has been taken by the Lessee.
ii) The sub-lessee undertakes to put to use the premises for the commercial use only.
iii) First sale/transfer of a built-up space to an allottee shall be through a Sub-
lease/Lease Deed to be executed on the request of the Lessee to the Authority in
writing.
iv) No transfer charges will be payable in case of first sale. However, on subsequent
sale, transfer charges shall be applicable on the prevailing rates as fixed by the
Authority.
v) Rs. 1000/- shall be paid as processing fee in each case of transfer of flat in addition to
transfer charges.
3.11.6 The Allottee/Lessee, after obtaining completion certificate, is allowed to rent out
shops at its discretion without obtaining any permission from GNIDA. But the Allottee
needs to inform GNIDA about such details in prescribed format (Details such no. of
rent agreement and name and address of parties etc.)
3.12 Role of GNIDA as per IBC 2016
3.12.1 Under the provisions of IBC (Insolvency and Bankruptcy Code) 2016, GNIDA will be
treated a Secure Financial Creditor and this lease deed shall be a Financial / Capital
Lease Deed.
3.12.2 Under the circumstances, where the Lessee/Allottee is declared Bankrupt and the
liquidation process through CIRP (Corporate Insolvency Resolution Process) begins,
Lessor will be treated as Secure Financial Creditor and the dues (including penalties)
of the Lessee/Allottee shall be recovered through this procedure, treating
Lessor/GNIDA as a Secure Financial Creditor.
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3.12.3 All amounts that are payable by the Lessee/Allottee to the Lessor/GNIDA under this
Deed, whether towards the outstanding premium or lease rent or any other account
whatsoever shall constitute a financial debt within the meaning of the IBC, 2016 AND
the same shall constitute a charge on the leased property within the meaning of T.P.
Act and / or IBC, 2016.
3.12.4 The Lessee/Allottee expressly agrees that till such time all dues payable to the
Lessor/GNIDA under these presents, whether on account of unpaid premium or lease
rent or any other account are duly paid and so acknowledged by the Lessor/GNIDA,
the leased premises shall remain a valuable security in the hands of the
Lessor/GNIDA so as to secure due payment under Lease Deed. The premium and
lease rent and all other amounts payable under this lease is deferred payment with
interest and constitute time value of money within the meaning of IBC, 2016. The
Lessee/Allottee agrees that possession of lease land is given, which premium and
lease rent remain pending, therefore, every amount outstanding and or raised by the
Lessee/Allottee from its allottees shall be deemed to be an amount having the same
effect as that for commercial borrowing etc. within the meaning of IBC.
3.12.5 The Lessor/GNIDA shall always have first charge over the leased premise in contrast
to every financial institution or Bank from whom the Lessee/Allottee may borrow funds
for completion of the project on the leased premise or any allottee of the
Lessee/Allottee.
3.12.6 The lessee shall be bound to disclose to buyers, prior to confirmation of allotment of
any unit/flat/Built-up space to be constructed or already constructed, about the
outstanding towards the Lessor/GNIDA and that such outstanding constitute a priority
compared to the allottees in the construction or to be constructed flat/ built-up space.
3.13 Maintenance
i. The Lessee at his own expense shall take permission for sewerage, electricity and
water connections from the concerned departments of Lessor or from the competent
authority in this regard.
ii. The Allottee/Lessee/Sub-Lessee(s) shall keep the demised premises and buildings;
the available facilities and surroundings etc. in a state of good and substantial repairs,
safe neat & clean and in good and healthy sanitary conditions to the satisfaction of the
Lessor and to the convenience of the inhabitants/occupants of the place. The Lessee
shall make such arrangements as are necessary for maintenance of the buildings and
common services developed on the leased plot. If the buildings and the common
services are not maintained properly, the Lessor shall have the right to get the
maintenance done and recover the amount so spent from the Lessee and/or Sub-
Lessee. The Lessee and Sub-Lessee(s) will be personally and severely liable for
payment of the maintenance amount. In case of default of the amount, the dues shall
be recovered as arrears of land revenue.
iii. No objection on the amount spent on maintenance of the buildings and the common
services, will be entertained by the Lessor and the decision of Lessor in this regard
shall be final and binding or the Lessee or its Allottees / Sub-lessee(s).
iv. The Allottee/Lessee/Sub-Lessee(s) shall abide by all the regulations, bye-laws,

directions and guidelines of Greater Noida industrial Development Authority
framed/issued under the U.P. Industrial Area Development Act 1976, RERA Act
and UP apartments Act 2010 and Rules made therein, and any other Act and Rules,
from time to time.
19
v. In case of non-compliance of these terms of conditions and any other directions of

Lessor, Lessor shall have the right to impose such penalty as it may consider just
and/or expedient.
3.14 Permission to Mortgage
3.14.1 Permission to mortgage may be allowed by the Lessor as per its prevailing policy as
on the date of submission of such permission by the Lessee and after payment of
prescribed fees / charges. No Permission to mortgage shall be issued in case of
there are outstanding payable to the Lessor/ Gnida on the date permission is granted.
3.14.2 In the event any Permission to mortgage is issued by the lessor, then this Lessor shall
always hold the first charge and will remain Secured Financial Creditor as per
definitions of IBC (Insolvency and Bankruptcy Code), 2016 in contrast of the Bank /
Financial Institution or Allottee of flat/built-up space.
3.15 Misuse, Additions, Alterations, etc.
3.15.1 The Lessee/Allottee shall not use the plot for any purpose other than that for which it
has been allotted / leased. The Lessee shall not be entitled to divide the plot or
amalgamate it with any other plot. In case of violation of the above conditions,
allotment shall be liable to be cancelled and possession of the premises along with
structure thereon, if any shall be resumed by the Authority without any payment.
3.15.2 The Lessee/Sub-Lessee will not make any alteration or additions to the said building
on the demised premises, erect or permit to erect any new building on the demised
premises without the prior written permission of the Lessor and in case of any
deviation from such terms of plan he/she shall immediately upon receipt of notice
from the Lessor requiring him to do so, correct such deviations as aforesaid.
3.15.3 If the Lessee/Sub-Lessee fails to correct such deviations within a specified period of
time after the receipt of such notice, then it will be lawful for the Lessor to cause such
deviation to be corrected at the expense of the Lessee/Sub-Lessee who shall bound
agrees to reimburse by paying to the Lessor such amounts as may be determined
and demanded by Lessor/GNIDA in this regard.
3.16 Indemnity
3.16.1 The Allottee / Lessee shall be wholly and solely responsible for the implementation of
the Project and also for ensuring the quality of development/construction, subsequent
Operations and maintenance of facilities and services, till such time that an alternate
agency for such work is identified and legally appointed by the Lessee. The Lessee
shall execute an indemnity bond, indemnifying the Lessor/Authority and its officers
and employees against all disputes arising out of
i. The non-completion of work
ii. The quality and validity of development, construction, operations and maintenance
iii. Any dispute or claim whatsoever arising out of any accident during construction or
during maintenance or working / functioning or inhabitation of the constructed
building to any guest or sub-lessee.
iv. Any dispute or claim arising out of any allegation of infringement of any Intellectual
Property Rights etc. in the designing etc. of the building to be constructed by the
lessee.
v. Any legal dispute arising out of allotment, lease and/or sub-lease to the final
purchaser
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3.17 Liability to Pay Taxes
3.17.1 The Lessee/ its Allottee will be liable to pay all rates, taxes, charges, user fee and
assessment of every description imposed by the Lessor or any other Statutory
Authority empowered in that behalf, in respect of the plot, whether such charges are
imposed or may be imposed in future on the plot or on the building constructed
thereon, from time to time.
3.18 Overriding Power over Dormant Properties
3.18.1 Lessor/GNIDA reserves the right to all mines, minerals, coals, washing gold, earth
oils, quarries in or under the plot and full right and power at any time to do all acts and
things which may be necessary or expedient for the purpose of searching for, working
and obtaining, removing and enjoying the same without providing or leaving any
vertical support for the surface of the plot(s) or for the structure time being standing
thereon, provided that, the Lessor shall make reasonable compensation to the
Allottee /Lessee for all damages directly occasioned by exercise of the rights hereby
reserved. The decision of the CEO of GNIDA on the amount of such compensation
will be final and binding on the applicant.
3.19 Consequences of misrepresentation
3.19.1 If the allotment / lease have been found to be obtained by any misrepresentation,
concealment, suppression of any material facts by the Applicant/ Bidder/
Lessee/Allottee/ Lessee/ Sub-Lessees, the allotment of plot shall be cancelled and/ or
lease shall be determined, as the case may be. In addition, the entire money
deposited by the Bidder/Applicant/ Lessee/Allottee/ Lessee/ Sub-Lessees shall be
forfeited and legal action for such misrepresentation, concealment, suppression of
material facts shall also be taken.
3.20 Cancellation of Lease Deed
3.20.1 Cancellation of Lease Deed shall be as per the prevailing policy of the Lessor/GNIDA.
The current prevailing policy for reference of the Applicant is as follows:
3.20.2 In addition to the other specific clauses relating to cancellation/determination, GNIDA,

will be free to exercise its right of cancellation/ determination of the allotment/ the
lease of commercial plot in case of the following-
i. Allotment having been obtained through misrepresentation, by suppression of

material facts, false statement and/or fraud
ii. Any violation of the directions issued or of the rules and regulations framed by
GNIDA or by any other statutory body.
iii. In case of default on the part of the Bidder/Applicant/Allottee/Sub-Lessee(s) or any

breach/violation of the terms and conditions of the Bid, Scheme Document,
allotment, lease and/or non-deposit of the allotment amount, instalments or any
other dues.
3.20.3 If the allotment is cancelled on the grounds mentioned in Clause 3.20.2 (i) above, the
entire amount deposited by the Bidder/ Applicant/ Allottee/ Lessee/ Sub-Lessee(s) till
the date of cancellation/determination, shall be forfeited by GNIDA and no claim,
whatsoever, shall be entertained in this regard.
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3.20.4 If the allotment is cancelled on the grounds mentioned in Clause 3.20.2 (ii) or Clause
(iii) above, 30% of the total premium of plot after e-auction or total premium deposited
(whichever is less) shall be forfeited in favour of GNIDA. Balance amount after
recovering the lease rent till date of cancellation, if any, and after forfeiting the amount
as indicated above, will be refunded without interest and no separate notice shall be
given in this regard. However, the amount deposited towards lease rent, interest,
penal interest, extension charges etc. shall not be refundable at any stage.
3.20.5 After cancellation of the plot as stated above, possession of the plot will be resumed
by GNIDA, along with the structure thereupon, if any, and the Bidder/ Applicant/
Allottee/ Lessee/ Sub-Lessees will have no right to claim any compensation thereon.
3.21 Restoration
3.21.1 Lessor/GNIDA can exercise cancellation of plots for breach of Terms and Conditions
of Allotment letter /Lease Deed/Transfer Deed. However, CEO or Authorised Officer
of Lessor/GNIDA can restore the plots as per the prevailing policy of the Authority as
the time of submission of request letter after payment of applicable fees and charges.
3.21.2 The current prevailing policy for reference of the Applicant is as follows: The
restoration will be subject to the following conditions:
i. The application of restoration of plots shall be made within 60 days from the date of
cancellation.
ii. The decision about the restoration of the plots will be taken by the CEO or
Authorized Officer of GNIDA within a period of 6 months after the date of
cancellation.
iii. The Allottee shall have to pay restoration charges as per prevailing policy of GNIDA
(Presently, @10% of the total premium of the plot at prevailing rate as on date of
restoration application).
iv. If restoration is due to court order, the Allottee has to close the case first.
v. The Allottee will have to make up to date payment of all dues, penalties & interest
etc. as applicable.
vi. The Allottee has to pay time extension charges as per terms of allotment / lease.
vii. The Allottee has to submit Performance Bank Guarantee (PBG) of timeline given in
Schedule, which shall be valid for a duration of 3 months more than the Project
Implementation Schedule and the value of PBG will be 10% of the prevailing price of
the plots.
viii. No Court case is pending on the Allottee.
ix. All legal expenses would be borne by the Allottee.
x. In case allotment has been cancelled due to illegal/unauthorized/non-permissible
activities the restoration of the plots shall only be considered on submission of
affidavit undertaking for non-carrying out the illegal/unauthorized/non-permissible
activities in future and closure/removal of illegal/unauthorized/non-permissible
activities.
xi. In case of restoration in prepossession cases, the Allottee shall be required to get
the occupancy/completion certificate as per terms of the Lease Deed. In such case,
they will have to comply with the clause as stated above.
22
3.22 Duty of Lessee to act, provide information etc.
3.22.1 The Lessee/Allottee agrees that it shall provide quarterly statement regarding the
construction / to be constructed, allotment of flat/built-up space, together with the
name of such allottee, flat/unit no. and the terms of every such allotment of
constructed flat/built space to the Lessor.
3.22.2 The Lessee/Allottee shall execute a Tripartite Sub Lease Deed of the superstructure
and proportionate undivided interest in the land in favour of its allottee. The
consideration therefor shall be receivable solely by the Lessee. The format of
Tripartite instrument shall have to be got approved in writing from the Lessor.
3.22.3 In the event, there are outstanding payable to Lessor/GNIDA, then after receipt of
50% of consideration from the allottee of flat/built-up space, the Lessee and its
allottee of flat/built-up space shall have to deposit the balance 50% consideration in
an Escrow account so as to safeguard the interest of the Lessor and the buyer of
flat/built-up space.
3.22.4 To ensure that the terms of this Brochure & Lease Deed and the sanctioned plans are
always disclosed to its proposed allottees of flat/built-up space against written
acknowledgement. The same shall also form part of terms of allotment of flat/built-up
space. The flat/built-up space buyers shall have to acknowledge that they have read
and understood the contents of the Lease Deed and agree to abide by the same.
3.23 Other Clauses

i. The Lessor reserves the right to make any amendments, additions, deletions and
alterations in the terms and conditions of allotment, lease, Building Regulations as it
finds expedient and such amendments, addition, deletion and alterations shall be
binding on the Lessee/Allottee.
ii. If due to unavoidable circumstances/force majeure, the Lessor is unable to allot the
plot, the earnest money deposited by applicant would be refunded. However, in
case the period of deposit exceeds one year then the amount shall be refunded
along with simple interest @ 4% per Annum.
iii. In case of any dispute in the interpretation of any word or terms and conditions of
the allotment / Lease, the decision of the CEO of Lessor/GNIDA shall be final and
binding on the Allottee / Lessee and his / her / their successor.
iv. In case there is any change of reserve price of allotment from any order of
honorable High Court/Supreme Court or Government/Board of Uttar Pradesh, the
Allottee/ Lessee and his / her / their successor shall be responsible to bear the
additional cost. The decision shall be final and binding on the Allottee/ Lessee and
his / her / their successor.
v. Lessor/GNIDA will monitor the implementation of the project. Applicants who do not
have a firm commitment to implement the project within the time limits prescribed
are advised not to avail the allotment.
vi. The Lessee and his / her / their successors shall abide by the provisions of the U.P.
Industrial Area Development Act 1976 (U.P. Act No. 6 of 1976), RERA, UP
Apartment Act 2010/2016 and such rules, regulations or directions as are issued
there under from time to time.
23
vii. Any dispute between the Lessor and Lessee / Sub-Lessee shall be subject to the
territorial jurisdiction of Civil Courts at Gautam Budh Nagar or the High Court at
Allahabad (Prayagraj).
viii. The allotment will be accepted by the Allottee on “As is where is basis”. The Allottee
is advised to visit the site before applying. No claim whatsoever shall be entertained
by the Authority in regard to the situation, location of physical status of the demised
plot.
ix. Provisions related to the fire safety, environmental clearance, NGT directives shall
be observed by the Allottee. Necessary approvals shall be obtained from the
competent authority by the Lessee/Allottee. Non-receipt or any delay as receipt of
such approvals shall not be a ground to claim extension in time schedule of the
implementation of project, either with or without charges.
x. In case an existing link road comes anywhere in the plot area, it shall be managed
by the Allottee /Lessee till an alternate arrangement is made by Lessor/GNIDA.
xi. All arrears towards premium, lease rent or any other dues payable to the Authority
shall constitute a charge (within the meaning of the T.P. Act) on the leased plot and
dues shall be recovered as arrears of land revenue.
xii. The Lessee/ sub-Lessee(s) shall not be allowed to assign or change his role,
otherwise the Lease may be cancelled, and entire money deposited shall be
forfeited.
xiii. Lessor/GNIDA in larger public interest has the right to take back the possession of
the land/ building by making payment at the prevailing rate after giving the
Allottee/Lessee an opportunity of being heard. However, the decision of the CEO of
GNIDA shall be final and binding on the Allottee/Lessee, its sub-allottees / lessees.
xiv. The Allottee / Lessee shall have to make sufficient provision of parking in the plot
itself. Parking on the road will not be permitted. Any breach in this regard shall
constitute breach of the terms of the Lease Deed.
xv. The Lessee / its allottee / sub-Lessee shall follow all the rules and regulations of
RERA and the Rules, Regulations and Directions of Building Bye Laws of the
Lessor.
xvi. All other conditions of the Scheme Brochure shall be applicable to the Allottee,
Lessee & sub-lessee.
xvii. In case of any differences or inconsistency between conditions as occurring in this
lease deed and Scheme Brochure, then the conditions of this lease shall override
and shall be binding on the Lessees, its allottees / sub-lessees.
xviii. As per Sector Wise Rate List Section V: Annexure, Land Rates 2023-2024.
Prevailing policy of the Authority attached as Section V: Annexure, Land Rates
2023-2024. (Office order: 40352/GN/Finance/2023-24 Dated: 15/05/2023).
24
Section IV: Technical forms

3.24 Form No.1 - Application form
1
(To be submitted in duplicate )
Self-attested
Form Sl.No. ______ photograph of
authorized
signatory
To
The Chief Executive Officer,
Greater Noida Industrial Development Authority
Plot no 1, Knowledge Park-IV,
Greater Noida City-201308
Subject: Application for allotment of __________ (insert the type of plot to be allotted) Plot _________
Dear Sir / Madam,
We hereby submit our application form for allotment of ____________ (insert the type of plot to be allotted)
plot to establish ______________________________________________________________________
__________________________________________ on an area of _________________________Sq.mt.
We hereby agree to pay allotment money /A installments / Lease Rent etc. as per payment plan and
Rates/premium of allotment hereinafter mentioned in the Data Sheet and General Terms and Conditions.
We are enclosing herewith the following documents:

a) Online payment receipt No. _______________ dated _____________ for Rs. __________ towards
the Registration Money.
b) Online payment receipt No. ____________________ dt. _____________ for Rs. _____________
towards non-refundable / non-adjustable processing fees.
c) Payment Option ______________
d) Applied in consortium: Yes/ No
e) Name, Mobile number and email ID of applicant:_________________________
f) Board Resolution / Certificate of authorization in favor of Shri/Smt./Ms.

_____________________________________ _S/o/D/o ________________________________who
is signing as (status) ___________ on behalf M/s
___________________________________________________________________ (Name of the
Applicant ) constituted/registered under ____
1
Original form will be duly filled and signed by the applicant and submitted along with a self-attested photocopy of the
complete document.
25
______________________________________________________________________________
(please mention Act of Government of India / State Government)
g) This entire document, including all terms and conditions is enclosed herewith which will be duly
signed by the authorized signatory upon submission as acceptance of the terms and conditions of the
allotment of land.
h) The other statutory documents duly certified by C.A. are enclosed:
# Description Enclosed “Yes” Reference

not Enclosed (page no.).
“No”, Not
Applicable “NA”
1 Form No. 1 – Application Form
2 Form No. 2 – Financial Statement of Turnover
3 Form No. 3 – Financial statement of Net Worth
4 Form No. 4 – Solvency Certificate
5 Form No. 5 – Format for Affidavit
6 Form No. 6 – Format for Affidavit (Non-Defaulter)
7 Certificate of incorporation/ registration, memorandum &
article of association of the company of rules & regulations
of society/trust/partnership deed/firm (to be signed by
applicant and certified by CA).
8 Audited Balance sheet of 2019-20, 2020-21, 2021-22 &
2022-23 to be signed by applicant and certified by CA. In
case of a Consortium, the above-mentioned balance
sheet of each relevant member of the consortium shall be
submitted.
All other documents as per Clause No. 1.7 – List of
documents
f) Refund Account Details (For the purpose of refund or earnest money of unsuccessful applicants)
Name of Bank & Branch _________________________________________________________
Bank Account No. ______________________________________________________________
IFSC Code: ___________________________________________________________________
g) Payment Option:
Date ____________________
Address of Applicant _______________________
________________________________________
Phone __________________
Fax _________________
E_mail __________________________________
26
Signature of Authorized signatory

Stamp of Applicant with name & designation
27
3.25 Form No. 2 - Financial statement of turnover
Name of Applicant/Consortium Lead Member & relevant members ---------------------------------------------------------

----------------------------------------------------------------------------------------------------------------------------- ---------------------
----------------------------------------------------------------------------------------------------------------------------- ---------------------
-------------------------------------------------------
S.No. Description 2019-20 2020-21 2021-22 2022-23
(as per audited (as per (as per (as per
balance sheet) audited audited audited
balance balance balance
sheet) sheet) sheet)
1. Turnover of the
Applicant/Consortium Lead
Member & relevant
members as per the last
audited annual accounts.

Stamp of applicant with name
And Status
Certificate of the Chartered Accountant/Statutory Auditor

Based on Audited Accounts and other relevant documents, we M/s ……………………
……........................................................................................................................................................................
................………………….., Chartered Accountants/Statutory Auditors, certify that the above information is
correct.
Signature and Seal of Chartered

Accountants/Statutory Auditors
Membership No.
28
3.26 Form No. 3: Financial statement of Net Worth
S.No. Description Amount in crore Remarks

Rupees
1. Net worth as on 31.3.2023 of the
Applicant/Consortium Lead Member &
relevant members as per audited annual
accounts.
Signature of Authorised signatory

And Status
Certificate of the Chartered Accountant/Statutory Auditor
Based on Audited Accounts and other relevant documents, we M/s …………………….......................................

..................................................……………………............................................................., Chartered
Accountants/Statutory Auditors, for the applicant having networth Rs......................................certify that the
above information is correct.
Signature & Seal of Statutory

Auditors / Chartered Accountant
Membership No. _________________
29
3.27 Form No. 4: Solvency certificate
This is to certify that M/s _________________________________ ______________maintaining Current

Account / Saving Bank Account / FDR / Other Deposit Account Nos ____________________________
___________________________________ with us, having Solvency of Rs. __________________ as on
________________.
Name of Officer with designation
(with rubber stamp)
Note :1. Separate certificate for each company / firm / society / trust / individual to be submitted.
1. Solvency Certificate should not be more than 6 months old from the date of submission of
application.
30
3.28 Form No. 5 Format for Affidavit
(To be furnished on non-judicial stamp paper of Rs.100/- duly attested by notary public, by the sole
Applicant or by Each Member in case of Consortium).
Ref.: Application of __________ (insert the type of plot to be allotted) Plot in Greater Noida Industrial
Development Authority Area.
1. I, the undersigned, do hereby certify that all the statement made in our Application, including in
various Annexures & Formats, are true and correct and nothing has been concealed.
2. The undersigned also hereby certifies that neither our Company/_________ M/s
_________________________________________________________________________________
_______________________________________________nor any of its director/constituent partners
have been debarred by Government of Uttar Pradesh or any other State Government or Government
of India or their agencies for any work or for the bidding / submitting Application for any project.
3. The undersigned hereby authorize(s) and request(s) any bank, person, firm or corporation to furnish
pertinent information deemed necessary and requested by GNIDA to verify this statement or
regarding my (our) competence and general reputation.

And Status/ designation
31
3.29 Form No 6: Format for Affidavit (Non-Defaulter Declaration)
(To be furnished on non-judicial stamp paper of Rs.100/- duly attested by notary public, by the
sole Applicant or by Each Member in case of Consortium/Partnership).
Ref.: Application of __________ (insert the type of plot to be allotted) Plot in Greater Noida
Industrial Development Authority Area.
1. I, the undersigned, do hereby certify that our Company/_________ M/s ____________ nor any
of its director/constituent partners are defaulter’s or are part of defaulter’s list of GNIDA (For all
land uses) on the last date of Bid / Proposal Submission.
And Status/ designation
32
3.30 Financials – Audited Financial Statements
33
4 Section V: Annexures – Land Rates (2024-25)
4.1 Land Rates 2024-25 (GNIDA Proposed Rates in 135th Board Meeting dt. 15.06.2024)
Zone Sector GNIDA Proposed Rate (2024-25) In

Rs.
A ALPHA-1, ALPHA-2, GAMMA-1,

GAMMA-2, BETA-1, BETA-2, DELTA-
1,2,3 & SWARN NAGRI, PI-1, PI-2, 90,821 Per Sqm.
OMEGA-2, OMEGA-3, ZETA-1,
SECTOR-1, SECTOR-2, SECTOR-3,
SECTOR-4, SECTOR-10, SECTOR-12,
SECTOR-16, SECTOR-16B, 16C
34

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GREATER NOIDA INDUSTRIAL DEVELOPMENT AUTHORITY

Table of contents .......................................................................................................................... i

3.13 Maintenance ......................................................................................................................... 19

2. Date of closure of the As mentioned in the portal

3. Date of opening of Bids As mentioned in the portal

4. Issuance of Allotment Letter To be communicated on a later date

5. Contact person, designation Manager, Commercial Department

7. Availability of scheme Can be downloaded from the Authority’s website

INR 1.15 Lakhs INR 2.15 lakhs INR 4.15 lakhs

Thereafter, transfer of plot may be allowed by the GNIDA, if

14. Location charges As per Clause No. 3.4

15. Permissible commercial The only permissible commercial activities are:

Construction norms shall be as per GNIDA building bye laws

20. Amalgamation or Sub- No amalgamation or sub-division shall be allowed on the

Section I: Instructions to the Bidders/Applicants

1.2 Eligibility Criteria

1.2.2 Note: Bidder(s)/Applicant(s)/Consortium Partner(s) which are part of the defaulters’

1.2.3 The Bidder should be competent to contract.

1.3 Qualification Criteria

1.3.1 Financial Eligibility Criteria:

For For For For For

I Minimum Net Worth

III Minimum Total

1.3.2 Note: Bidder(s)/Applicant(s)/Consortium Partner(s)or their Directors or Promoters

1.4 How to apply & Acceptance of Bid

1.4.3 It will be the sole responsibility of the bidder/participant to obtain a compatible

1.4.11 Incomplete bid documents will not be considered.

1.4.17 There will be no correspondence on issues/grounds raised in Disqualified Bids.

 Certified true copy of Memorandum & Articles of Association

 Board resolution authorizing the applicant (Authorized Signatory – company secretary

 Net Worth Statement certified by the statutory auditors/Chartered Account of the

B. In case of Partnership/ Limited Liability Partnership (LLP) Firm:

 Application Form as per Form No. 4.1

1.9 Allotment Process

1.9.1 Screening Committee: The Technical offers shall be scrutinized by a designated

1.9.8 Applicant has to deposit Allotment Money as mentioned in Data Sheet.

1.10 Payment Schedule

2 Section II: Special Conditions

2.2 List of activities permissible on the plot

Maximum permissible Ground Coverage 40%

(as per building byelaws)

Maximum permissible Height No limit

(as per building byelaws)

2.4 Permissible Norms

3 Section III: General terms and conditions

2 Second 6 Months Additional 2% of the total premium of the Plot

3 Third 6 Months Additional 4% of the total premium of the Plot

4 Fourth 6 Months Additional 8% of the total premium of the Plot

3.9 Change in Constitution (CIC)

3.9.2 In case of Change in Constitution of the Lessee/Allottee or the Consortium or any of

3.10.2 In case of Change in Shareholding of the Lessee/Allottee or the Consortium or any of

3.11.5 Transfer of Built-up spaces (Sub-lease):

iv. The Allottee/Lessee/Sub-Lessee(s) shall abide by all the regulations, bye-laws,

v. In case of non-compliance of these terms of conditions and any other directions of

3.17 Liability to Pay Taxes

3.19 Consequences of misrepresentation

3.20.2 In addition to the other specific clauses relating to cancellation/determination, GNIDA,

i. Allotment having been obtained through misrepresentation, by suppression of

iii. In case of default on the part of the Bidder/Applicant/Allottee/Sub-Lessee(s) or any

This is to certify that M/s ___________________ maintaining Current