Greater Noida News: The Greater Noida Authority has introduced a new commercial plot scheme aimed at entrepreneurs and businesses looking to establish themselves in the industrial city. The scheme includes 18 plots ranging from 2,313 square meters to 12,000 square meters, providing opportunities for realtors interested in constructing shopping malls, commercial buildings for leasing, and other ventures. Notably, these commercial plots come with a floor area ratio (FAR) of 4, a departure from previous schemes where the maximum FAR allowed was 3.75. This move is expected to encourage the development of diverse commercial projects, bringing convenience to residents and meeting the increasing demand for land and space in Greater Noida.
Enhanced Floor Area Ratio (FAR) Boosts Commercial Development
In a strategic move, the Greater Noida Authority has increased the floor area ratio (FAR) to 4 in its latest commercial plot scheme, signaling a shift from the previous limit of 3.75. The enhanced FAR allows developers more flexibility and space to construct additional floors, fostering the creation of multifaceted commercial establishments. By offering higher FAR, the authority aims to attract investors and promote the construction of commercial projects that cater to the diverse needs of the local population. The scheme aligns with the authority’s vision of sustainable urban development and economic growth in Greater Noida.
Immediate Possession After Allotment in Greater Noida Commercial Plot Scheme
The Greater Noida Authority’s newly launched commercial plot scheme stands out by offering immediate possession of land right after allotment. This customer-centric approach aims to streamline the development process and facilitate quicker implementation of commercial projects. With a focus on meeting the demands of investors and enhancing the city’s commercial landscape, the authority’s initiative reflects a commitment to sustainable urban planning and economic advancement in Greater Noida.
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