A plain-language summary of the Greater Noida Industrial Development Authority (GNIDA) Scheme for Allotment of Industrial Plots in Greater Noida – 2024 (scheme code ONLIND2024-01): who can apply, how plots are allotted, what must be paid and when, and the conditions that apply after allotment. This is an unofficial summary prepared for general information. The official scheme brochure, the GNIDA portal and the Authority’s prevailing policies govern; rates, dates and charges are revised from time to time.
1. Key facts at a glance
| Item | Position under the 2024 scheme |
|---|---|
| Allotment method | Objective-criteria score plus interview and technical presentation; plots go to the highest scorer |
| Processing fee | ₹60,180 (including GST), non-refundable and non-adjustable |
| Registration money | 10% of the total premium of the plot, paid with the application (adjustable for successful applicants; refunded without interest to others) |
| Lease period | 90 years from execution of the lease deed |
| Annual lease rent | 2.5% of the total premium, increased by 50% every ten years; one-time lease rent option equal to 11 years (27.5%) |
| Payment option 1 | 100% within 90 days of the allotment letter, with a 2% rebate on the premium |
| Payment option 2 | 40% within 60 days; balance 60% in 6 half-yearly instalments over 3 years with interest (10% p.a. as of January 2024) |
| Time to become functional | 36 months for plots up to 20,000 sq m; 60 months above 20,000 sq m (from the lease deed) |
| Consortium / sub-division | Not allowed; amalgamation of adjoining plots possible under policy |
| Brochure and portal | Nivesh Mitra (niveshmitra.up.nic.in) and investgnida.in; contact OSD (Industries), GNIDA, Knowledge Park IV |
2. Who can apply
- Proprietorships, partnership firms, LLPs and private or public limited companies registered in India may apply for one or more plots.
- Proposed firms or companies are not eligible. A company incorporated after the scheme was introduced may be treated as formed to use the new-company clause and may be disqualified.
- Applicants on GNIDA’s defaulters’ list on the last date of submission are disqualified.
- An applicant who has rented out an industrial plot already allotted to it is ineligible.
- Mandatory: PAN and GST registration; MSME registration where applicable; a Detailed Project Report (DPR) with an implementation schedule covering map approval, structural approval, pollution and environment clearance, construction, occupancy certificate and start of production.
- For a new company with no completed financial year, the promoters’ net worth and liquidity, and group-company turnover, are considered.
3. How applications are scored
| Criterion | Maximum marks |
|---|---|
| Sunrise or focus sector (e.g. green hydrogen, EV, semiconductors, capital goods, aircraft components; agro-food, textiles, electronics, defence, logistics, film, renewables, AVGC) | 10 |
| FDI in the applicant’s capital (more than 50% = 10; 20–50% = 7.5; 5–19% = 5) | 10 |
| Exports (up to 75% of production = 10; up to 50% = 7.5) | 10 |
| Employment (more than 400 = 5; more than 200 = 3) | 5 |
| Ancillary, expansion or diversification of an existing profitable industry running at 70%+ capacity | 5 |
| Start-up (DPIIT-recognised) or incubator | 7 |
| Total investment in the DPR (₹200–500 crore = 10; 100–200 = 8; 50–100 = 4; up to 50 = 2) | 10 |
| Net worth as % of proposed investment (above 30% = 10; 25% = 8; 20% = 6) | 10 |
| Liquidity as % of proposed investment (above 20% = 10; 15% = 8; 10% = 6) | 10 |
| Average turnover of last 3 years vs investment (100% = 10; 75% = 7.5) | 10 |
| Woman, SC, ST or person with disability applicant | 3 |
| Interview and technical presentation | 10 |
Net worth, liquidity and turnover must be certified by the statutory auditor in the prescribed formats; turnover must match GST returns and excludes non-industrial income. Liquidity counts cash, bank balances, unpledged fixed deposits and traded marketable securities, not inventory, deposits or receivables.
4. Step-by-step procedure
- Check the plot list and visit the site. Plots are offered “as is where is”; due diligence on location and physical condition is the applicant’s responsibility.
- Prepare the DPR and certificates: application form, turnover, net worth and liquidity certificates (bank liquidity certificate not older than 6 months), shareholder statement, project brief, non-defaulter and green/non-polluting affidavits, indemnity bond, and constitutional documents (incorporation certificate, MoA/AoA, board resolution, partnership deed, etc.). Each page is to be signed by the applicant and certified by a Chartered Accountant.
- Apply online, paying the processing fee and 10% registration money; send hard copies to the OSD (Industries) by 5 pm on the day after the last online date. Incomplete applications are rejected.
- Screening Committee scrutiny; clarifications may be sought. Lists of qualified and disqualified applicants are uploaded.
- Interview and technical presentation; allotment to the highest combined score, approved by the CEO.
- Allotment letter within 30 days of approval. Pay as per the option chosen; no extension is allowed for allotment money, and default leads to cancellation and forfeiture of registration money.
- Stamp duty and lease deed: stamp duty certificate within 180 days of allotment; lease deed within 30 days of the checklist being issued (extensions possible for a fee of 3% of premium for the first 6 months, rising thereafter, up to 3 years). The lease deed date is the date of possession; at least 40% of the premium and one year’s lease rent must be paid.
- Construct and become functional within 36 or 60 months. Extensions are exceptional and charged (₹100, ₹150 and ₹200 per sq m for the first three years), with an outer limit of 5 years (7 years for plots above 20,000 sq m), after which the allotment stands cancelled.
- Functional certificate: GST certificate showing start of production, completion/occupancy certificate, executed lease deed, electricity bill in the prescribed (non-construction) category, and a no-dues certificate.
5. Conditions after allotment
- Change in constitution or shareholding: apply within 45 days of the change; allowed only under prevailing policy and on payment of charges. Promoters relying on an existing unit’s credentials must not dilute their holding before the unit is functional.
- Transfer: only with GNIDA’s prior written permission, normally only after completion/occupancy and functional certificates; transfer charges were 5% of the prevailing allotment rate.
- Mortgage: permission requires at least 40% of the premium and due lease rent to be paid and no outstanding dues; GNIDA retains first charge.
- Renting: no renting before the unit is declared functional.
- Change of activity: not permitted after allotment, except interchange within the sunrise/focus sector applied for; product changes need approval and fees.
- Area variation: up to 10% either way must be accepted with price adjustment; beyond 10% the allottee may decline.
- Location charges: +10% within 1 km of a metro corridor; +5% on roads of 45 m or wider for plots up to 5 acres.
- Insolvency: the scheme treats GNIDA as a secured financial creditor with first charge over the leased premises, and unpaid premium and lease rent as financial debt.
- Additional compensation to farmers: if land cost rises by court order, Authority decision or settlement, the allottee must pay the proportionate increase.
6. Payment defaults, surrender, cancellation and restoration
- Penal interest on defaults (3% over the applicable rate); three consecutive missed instalments can lead to cancellation. Payments are adjusted first to penal interest, then interest, lease rent and premium.
- Surrender: within 30 days of allotment, registration money is forfeited and the balance refunded without interest; after 30 days, the lower of the amount deposited or 20% of the premium is forfeited.
- Cancellation for misrepresentation forfeits all deposits. Cancellation for breach of rules, non-payment or failure to complete in time forfeits 30% of the premium (or the amount deposited, if less); lease rent, interest and extension charges are not refunded.
- Restoration: apply to the CEO within 60 days of cancellation; decision within 6 months; restoration charges were 10% of the premium at the prevailing rate, plus all dues, extension charges, a performance bank guarantee of 10% of the plot price, and an implementation affidavit. Restoration is possible only if the plot has not been allotted to someone else.
7. Points to check before applying
- Confirm the current scheme, plot list, sector rates and interest rate on the GNIDA portal; the 2024 figures are revised each financial year.
- Model the full cost: premium, location charges, lease rent (or one-time lease rent), stamp duty, interest on instalments and possible extension charges.
- Make sure the applicant entity exists and has a financial track record (or a clear promoter/group record) before the scheme opens.
- Build realistic approval timelines into the DPR; time-extension charges and cancellation risk run from the lease deed date.
- Plan shareholding and funding so that no change in shareholding, transfer or mortgage is needed before the unit is functional.
Source: GNIDA, Scheme for Allotment of Industrial Plots in Greater Noida – 2024 (ONLIND2024-01), published on investgnida.in and Nivesh Mitra. Summary prepared by Wise & Partners, October 2026.
For a confidential discussion on GNIDA allotments, transfers, cancellation or restoration, see Greater Noida Authority matters.
General legal information only; not legal advice or solicitation.
