Greater Noida: The rapid development of the Jewar International Airport and expanding infrastructure along the Yamuna Expressway corridor are reshaping Greater Noida’s residential market. In response to rising housing demand, the Greater Noida Industrial Development Authority (GNIDA) has launched a fresh e-auction scheme for ready-to-move 2BHK flats in Sector Omicron-1A.
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The authority rolled out the first phase of the scheme on 28 January, offering 90 fully constructed flats. The project, initiated in 2014 and completed in 2018, earlier struggled to attract buyers due to low population density and limited connectivity. A direct allotment attempt in 2023 also failed to generate an adequate response.
The market dynamics have now shifted significantly due to the Jewar Airport, improved road connectivity, the proposed metro link and increasing commercial activity in the region. Given the renewed demand, the authority has adopted the e-auction route instead of direct allotment.
Sunil Kumar Singh, Additional CEO, GNIDA
At present, nearly 350 flats remain vacant in Sector Omicron-1A. The authority has introduced 90 units in the first phase and plans to offer more flats in subsequent phases based on demand. All flats under the scheme are 2BHK units with a carpet area of 83.38 sq m and a super area of 104.70 sq m. Located between the first and 15th floors, the flats carry a reserve price ranging from ₹73.23 lakh to ₹74.35 lakh, depending on the floor level. Allotment will be made to the highest bidder through the e-auction process.
Registration for the scheme closes on 18 February. The deadline for payment of processing fees is 20 February, while documents must be submitted by 23 February. The entire application process is online and interested applicants can apply through https://gnida.etender.sbi. A detailed brochure is also available on the official GNIDA website.
GNIDA CEO N.G. Ravi Kumar underlined the strategic importance of Sector Omicron-1A, noting that the sector is directly connected to a 130-metre-wide arterial road and is surrounded by key civic amenities. As the flats are already constructed, possession will be granted immediately after allotment and execution of the lease deed.
Buyers can opt for either lump-sum or instalment-based payment options. Lump-sum payments will be given priority, while instalment buyers may pay in four instalments over a two-year period. With major infrastructure projects nearing completion, GNIDA expects the scheme to attract strong interest from homebuyers seeking ready-to-move housing in one of Greater Noida’s fastest-developing zones.