An individual / firm / trust / society or any body corporate can apply. The applicant should be competent to contract.

(a) After the formal approval of allotment by the CEO, the allottee shall be issued 'Reservation Letter' requesting him to deposit 10 % of the total premium within 30 days of the issuance of such letter, as reservation money.

(b) On receipt of the reservation money the allottee shall be issued 'Allottment cum Intimation Letter' requesting him to deposit additional 20% of the total premium within 60 days of issuance of such letter as allottment money.

HOW TO APPLY

Pick up the brochure containing the application form for Rs. 250/- from the Office of the Officer on Special Duty (A), Greater Noida Industrial Development Authority or from any of the bank branches listed below. For getting the brochure by post, send a Demand Draft of Rs.300/- to The Manager, Oriental Bank of Commerce, Sector-20, Noida, District Gautam Budh Nagar, Pin- 201 301 (U.P.).

Brochure available at these banks

New Delhi : Oriental Bank of Commerce, A-30-33, First Floor, Connaught Place.
Noida : Oriental Bank of Commerce, Commercial Complex, Sector-20.
Greater Noida: Bank of Baroda, Sector Gamma II, Greater Noida.

Download the application form. Downloaded form, complete in all respects, can be submitted alongwith a Demand Draft of Rs. 250/- as application fee. Applications received without the fee shall be rejected.

Technical offer for above mentioned Institute shall be duly super-scribed on the sealed cover and shall contain the complete Technical Offer and two bank drafts one of Rs. 500.00 (Five Hundred only) towards a non-refundable and non-adjustable processing fee and the other for registration amount of Rs. 10,000.00 (Ten Thousand only). The technical offer shall be submitted to the Office of Officer on Special Duty (V), Greater Noida Industrial Development Authority, 169, Chitvan Estate, Sector Gamma, Greater Noida City, Greater Noida, Distt. Gautam Budh Nagar 201306 (U.P.).

Technical offer shall be complete in all respects.

The technical offer should consist of following document/ contents.

1. Background of the promoters.
2. Audited Accounts & Balance Sheet of last three years, if applicable.
3. Feasibility Report of the proposed institute.
4. Three years projected cash flow of the institute depicting sources of inflows for the project.
5. Registration/Certificates of incorporation, if any.
6. Land required depicting the land use pattern and construction plan and schedule
7. Any other information which the Institute/Authority feels necessary.

SCREENING

The technical offers shall be scrutinised by a designated Screening Committee. The applicant, if it is felt necessary, will be invited for detailed discussion/presentation of his/her/their project. The final decision for selecting the applicant shall be taken by the Authority and allotment letters will be issued to the selected applicant within 15 days of receipt of complete information/documents. The decision of the Authority in this regard shall be final. The "Authority" shall have the right to accept or reject any offer without assigning any reason.

In case of applicants not appearing for presentation before the screening committee (when directed) on three consecutive opportunities provided, registration shall be cancelled and the registration amount shall be forfeited in favour of the Authority without any notice whatsoever.

1. In the event of allotment, the applicant shall be required to pay the premium of the plot as per schedule below :

1. 10% of total premium after adjusting registration money already paid within 30 days of issue of reservation letter as 'Reservation Money'
2. Additional 20% of total premium within 60 days of issue of allotment letter as 'Allottment Money'
3. Balance 70 % amount is payable in:

a) Three Year Payment Plan - 70 % of the premium in 12 equal quarterly installments with interest @14 % per annum on the outstanding balance

OR

b) Six Year Payment Plan - 70 % of the premium in 12 equal half-yearly installments with interest @14 % per annum on the outstanding balance

The first such installment will fall due on the date calculated from the 61st day from the date of allotment.

In the event of allotment, the applicant shall be required to pay the premium of the plot as per schedule below :

i) 20% of total premium within 30 days of allotment as Allotment Money.

ii) Balance 80% in 12 equal half-yearly installments with interest @ 14% p.a. on the outstanding balance.

The first such installment will fall due on completion of one year from the date of allotment

1. Pre payment in whole or in part is allowed.  No rebate on interest shall be allowable in case of pre-payment. In case the allottee opts to pay the balance of the premium in a lumpsum, interest on the balance premium up to the date of deposit shall be chargeable.
2. Extension for depositing of allotment amount shall not ordinarily be allowed. In case of default, the allotment offer would be cancelled and the registration money will be forfeited.
3. In case of default in deposit of any money due to the Authority the allottee/lessee would be required to pay interest @ 19% p.a. on defaulted amount for defaulted period. This defaulted amount will be compounded half yearly and would be payable along with interest @ 19% p.a. In case of default, the Authority shall issue notice giving 15 days time to deposit/rectify the default, till all dues are cleared. In any case, in the event of non-payment of two consecutive installments cancellation process will be initiated.
4. All payments should be made through a demand draft drawn in favour of Greater Noida Industrial Development Authority and payable on designated scheduled bank located in Delhi/New Delhi/Noida/Greater Noida with intimation to the Authority.
5. The payment made by allottee/lessee shall first be adjusted towards the interest due, if any, and thereafter the balance shall be adjusted towards the installment due and the lease rent payable. 

NOTE: For the purpose of this document the date of issue of allotment letter shall be reckoned as date of allotment.

Location Charges shall be payable by the allottee/lease @5% of the total premium before execution of lease deed in lumpsum, in case the allotted plot is located in any phase of Knowledge Park on road 45 metre or above, provided the allottment is of size 15 acres or less than that.

The plot will be allotted on "As is where is basis" on lease for a period of 90 years starting from the due date for execution of lease deed.

The area of plot allotted may slightly vary at the time of handing over of the possession. The premium of the plot will proportionately vary due to such variation. If such variation is within 10% limits, no change in location or surrender shall be allowed. However, if such variation is more than 10%, allottee shall have the option of getting allotment of same size of plot or surrendering the allotment and take back entire money deposited by him/her without any interest.

In addition to the premium of plot, lease rent shall be chargeable from the date of execution of lease deed @ 2.5% of the total premium p.a and shall be payable annually in advance. In case of default in payment of lease rent, an interest @ 20% shall be charged on the defaulted amount for the defaulted period. The annual lease rent may be enhanced on expiry of every 10 years.

The allottee shall have an option to pay a lumpsum amount equivalent to 11 times of the annual lease rent i.e.27.5% of total premium before the due date for execution of lease deed as a ONE TIME LEASE RENT.

NOTE: If the allottee chooses the option to pay annual lease rent at the time of execution of lease deed, he can subsequently exercise his option to pay one time lease rent indicated above.

The Registration money of the unsuccessful applicants will be returned without interest within one month of rejection of application.

The allottee can surrender the plot to the lessor/CEO of the Authority upto 30 days from the date of issue of allotment  letter. In such case the entire balance deposit after deducting 50% of registration money, would be refunded. No interest shall be paid on the deposited amount.

NOTE: The date of surrender in above case shall be the date on which application is received at the Authority's office. No subsequent claim on the basis of postal certificate will be entertained.

The allottee can execute the lease deed and take over possession of the plot at any time after he has deposited 30% of the total premium of the plot (20% of the total premium of the plot in case of hospitals), provided that he has to do so within 90 days from the date of allotment.

The date of execution of lease deed will be treated as the date of handing over of actual physical possession, notwithstanding any other claim.

The cost and expenses of preparation, stamping and registering the legal documents and its copies and all other incidental expenses will be borne by the allottee who will also pay the stamp duty on transfer of immovable property levied, or any other duty or charge that may be levied by any Authority empowered in this behalf.

1. The lessee/allottee shall construct building of the institution after getting proper sanction of the building plan by the lessor in accordance with the prescribed architectural controls and relevant Building Regulations as well as any specific directions that may be issued by the Authority.
2. A) The allottee/lessee shall commence construction as per approved building plan and as per the construction schedule by the Authority.
   B) The allottee/lessee shall commence the activity for which the land has been allotted to him/her in a shortest possible time. Keeping this end in view the Authority shall formulate a construction schedule that will be adhered to by the allottee/lessee.
   C) In the event of failure to do so, in exceptional circumstances extension of not more than 3 months at a time may be allowed by the lessor on payment of extension charges @ 2% of the premium for extension granted for 3 months or part thereof. The extension charges as mentioned above may be revised by lessor/CEO at any time. Application for extension shall ordinarily be considered by the CEo, in cases where construction has commenced on site at the time of applying for such an extension.
   D) In case the applicant fails to commence the activity for which the land has been allotted, within the time period, or extended time period, decided for the purpose, the allotment/lease can be cancelled/determined. On such cancellation/determination, 20% of the premium will be forfeited, and the lessor shall resume possession of the plot, along with any structure thereon, with the allottee having no right to claim compensation thereof. The balance amount deposited shall be refunded without any interest.

1. The allottee at his own expense will take permission for sewerage, electricity and water connections from the concerned departments of the Authority or from the competent Authority in this regard.
2. That the lessee will keep the demised premises and buildings
   1. At all times in a state of good and substantial repairs and in good sanitary condition to the satisfaction of the Lessor.
   2. And the available facilities as well as surroundings neat and clean and in good healthy and safe condition to the convenience of the inhabitants of the place.
3. That the lessee shall abide by all Regulations, Bye laws and Guidelines of the Authority framed/issued under section 8,9 and 10 or under any other provisions of the U.P. Industrial Area Development Act 1976 and rules made therein.
4. In case of non compliance of terms & directions, and any directions of the Authority, the Authority shall have the right to impose such penalty as the CEO consider just and/or expedient.
5. If the maintenance work of any area is not found satisfactory according to the Authority, then the required maintenance work will be carried out by the Authority and the expenses incurred in carrying out such works will be borne by the allottee.
6. That the lessee shall not display or exhibit any posters, statues, other articles which are repugnant to the morals or are indecent or immoral.
7. The lessee shall also not display or exhibit any advertisement or placard in any part of the exterior wall of the building, except which shall be constructed over the demised premises or at a place specified for the purpose by the lessor.

The allottee/lessee may, with the prior written consent of the lessor, mortgage the land to any Government recognised institution for raising loan for the purpose of funding the institution, and subject to such terms and conditions as may be decided by the lessor at the time of granting the permission.

Provided that in the event of sale or fore closure of the mortgaged or charged property the lessor shall be entitled to claim and recover such percentage, as decided by the lessor, of the unearned increase in the value of said land as first charge, having priority over the said mortgage charge. The decision of the lessor in respect of the market value of the said land shall be final and binding on all the parties concerned.

Provided further that lessor shall have pre-emptive right to purchase the mortgaged or charged property after deducting such percentage as decided by the lessor of the unearned increase as aforesaid.

The lessor's right to the recovery of the unearned increase and the pre-emptive right to purchase the property as mentioned herein before shall apply equally to involuntary sale or transfer, be it by or through execution of decree of insolvency/court.

The allottee/lessee shall not be entitled to transfer the plot before or after the erection of the building, without prior written permission of the lessor. The permission may be given subject to the condition that the plot is transferred to a similar institution or purpose and subjects to such terms and condition including payment of transfer charges as decided by the lessor at the time of granting permission. The decision of the lessor shall be final and binding.

The allottee/lessee shall not, use the land for any purpose other than that for which it has been allotted/leased. The lessee /allottee shall not be entitled to divide the plot or amalgamate it with any other plot without the prior written permission of Chief Executive Officer or any officer of Authority, authorised by CEO. 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.

The allottee/lessee will be liable to pay all rates, taxes, charges and assessment of every description imposed by any authority empowered in this behalf, in respect of the plot, whether such charges are imposed on the plot or on the building constructed thereon, from time to time.

The lessor reserves the right to all mines, minerals, coals, washing gold's, 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 always, 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 C.E.O. on the amount of such compensation will be final and binding on the applicant.

In addition to the other specific clauses relating to cancellation the Authority/Lessor as the case may be shall be free to exercise its rights of cancellation of lease/allotment in the case of:

1. Allotment being obtained through misrepresentations/suppression of material facts.
2. Any violation of directions issued or rules and regulations framed by the Pollution Control Board or by any other statutory body.
3. Default on the part of the applicant/allottee/lessee for breach/violation of terms and conditions of registration/allotment/lease and/or non deposit of allotment money.

In the event of cancellation, under sub-clause (1) above, the entire deposits till the date of cancellation shall be forfeited and possession of the plot will be resumed by the Authority/lessor with structure thereon, if any, and the allottee/lessee will have no right to claim compensation thereof.

In the event of cancellation, under sub-clause (2)&(3) above, the entire registration money shall be forfeited and balance shall be refunded without any interest.

1. The lessor reserves the right to make such decision/alterations/modification in the terms and condition of registration/allotment/lease from time to time, as lessor may consider just or expedient.
2. In case of any clarification or interpretation regarding these terms and conditions the decision of the lessor shall be final and binding on the applicant/allottee/lessee.
3. If due to any "force-majeure" or such circumstances beyond the Authority's control, the Authority is unable to make allotment or the possession of allotted plot, entire registration money or the deposits, depending on stage of allotment will be refunded without interest.
4. The registration/ allotment/ lessee will be governed by the provision of the U.P.Industrial Area Development Act 1976 (U.P. Act no 6 of 1976) and rules and/ or regulations made or directions issued, under this act.
5. The authority will monitor the implementation of the project. Those applicants who do not have a firm commitment to implement the project within the time limits prescribed are advised not to avail of the allotment.
6. All arrears due to the lessor are recoverable as arrears of land revenue.
7. Any dispute between the lessor and lessee/sub-lessee shall be subject to the territorial jurisdiction of the Civil Courts of Gautam Budh Nagar or the courts designated by the High Court.

 

Plot Holders / Allotees can obtain details of their up-to-date account status from our specially constructed web site.   
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