GNIDA Flats Scheme in Sector – MU-II & 10, Greater Noida – April 2013

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Greater Noida Industrial Development Authority (GNIDA) has launched four storeyed flat schemes in Sector MU-II and Sector 10 of Greater Noida (BHS-16/2013).

GNIDA Sector – MU-II & 10 Flat Scheme – Flat Details and Registration Money:

There are total of 7,215 flats in the scheme, with 5,265 flats in Sector MU-II and 1,950 in Sector 10 of Greater Noida. All the flats are 1BHK of 29.76 square meters.

The cost for ground floor is Rs 8.63 Lakhs while the First, Second and Third Floor costs Rs 7.52 Lakhs.

GNIDA Sector – MU-II & 10 Flat Scheme – Who can Apply?

  1. Anyone who is resident of India and is over 18 years of age.
  2. Husband/ wife and dependent children can apply for only one flat
  3. Husband/ wife and dependent children have not been even allotted plots or flats under any scheme by GNIDA

GNIDA Sector – MU-II & 10 Flat Schemes – Reservations:

50% of flats are reserved among the following categories:

  1. Allottees of GNIDA Industrial Units which are functioning – 17.5%
  2. Farmers whose land was acquired by GNIDA – 17.5%
  3. Allottees of GNIDA Commercial & Shop Units – 10%
  4. GNIDA Employees – 5%

There is also horizontal reservation of 3% for handicapped Persons

GNIDA Sector – MU-II & 10 Flat Scheme – How to Apply?

  • Application form can be obtained for Rs 550 from the bank branches listed below from April 3, 2013
  • The application duly signed, completed in all respect along with registration money should be submitted by May 2, 2013 in those bank branches.
  • Application and detailed brochure can also be downloaded from GNIDA Website. These applications need to attach Rs 550 bank draft in favour of Greater Noida Industrial Development Authority payable at Greater Noida.

Cost of Application Form: Rs 550

Registration Amount: Rs 80,000

Form Available From: April 3, 2013

Last Date of Submitting Form: May 2, 2013

Draw Date: September 2, 2013

GNIDA Sector – MU-II & 10 Flat Scheme – List of Banks:

Below is the list of banks where the GNIDA Sector – MU-II & 10 Flat Schemes application form would be available and can be submitted. These banks might also finance the earnest money (registration money) for applying to the scheme.

GNIDA Sector - MU-II & 10 Flat Scheme - List of Banks

GNIDA Sector – MU-II & 10 Flat Scheme – List of Banks (Click to Enlarge)

Cost & List of Banks financing GNIDA Sector – MU-II & 10 Flat Scheme:

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Indian Bank, N-9, Sector 18, Noida is financing the earnest money of Rs 80,000 for GNIDA Sector – MU-II & 10 Flat Scheme.

The Loan Process:

You would need to open a savings bank account with them and submit the following documents:

  1. Form 16 for last 2 years
  2. Recent 3 months salary slip
  3. 2 copies of ID proof
  4. 2 copies of Address Proof
  5. 4 Passport size Photographs

Cost of Financing: Approx Rs 4,500 (all inclusive)

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GNIDA Sector – MU-II & 10 Flat Scheme: Why you should apply?

  1. The scheme is from Greater Noida Industrial Development Authority (GNIDA), so you can be positive that the land and flat would be free of litigation and built as per Government building laws. No problems of completion certificates or adverse surprises after you move in.
  2. The cost of the flats seems reasonable. The super built up area is 29.76 sq. mt. (= 320.33 sq. ft) and costs between 7.52 lakhs to 8.63 lakhs. This comes out to be Rs. 2,348 to Rs 2,694 per sq. ft. all inclusive cost. It would be difficult to get these kinds of flats at this cost at this location.
  3. There are around 3,500 flats for general public (unreserved). So you might have a better chance of allotment than other authorities’ schemes.
  4. Greater Noida is upcoming real estate location in NCR. There would be good population moving in Greater Noida (West) or Noida Extension in coming years. This would in turn impact the prices of other sectors of Greater Noida too.
  5. Greater Noida is well planned city and GNIDA is the best authority as far as planning of city is concerned .

GNIDA Sector – MU-II & 10 Flat Scheme: Why you should not apply?

  1. Since all flats are 1BHK and cheaper than market rate, you might not be happy with the gentry, if you plan to settle there.
  2. As of today the Greater Noida area is not populated and so you might find it difficult to live there.

GNIDA Sector – MU-II & 10 Flat Scheme: Application Form:

You can download the detailed floor plan, brochure and application form from GNIDA Website here.

Here is the advertisement of the GNIDA Sector – MU-II & 10 Flat Scheme:

GNIDA Sector - MU-II & 10 Flat Scheme

GNIDA Sector – MU-II & 10 Flat Scheme

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30 thoughts on “GNIDA Flats Scheme in Sector – MU-II & 10, Greater Noida – April 2013

  1. […] Noida Authority too has similar scheme for 1BHK 4 storied flats (BHS-16/2013) open now. That seems to be better scheme than YEIDA […]

  2. Can anybody suggest me which scheme is the best for investment purpose from both (Noida Authority or Yamuna Expressway Authority) them

    Thanks!
    Sanjay

    • According to me Greater Noida Scheme is better than Yamuna Expressway. You can still think about living in Greater Noida but Yamuna Expressway is still unlivable!

      • Date : 26/07/2013

        Please advice is this Yamuna express way flats scheme is still there.

        Thanks & regards
        Noori

  3. which bank is providing the finance facilites for the registration amount and from which branch.
    please contact me 9717050560

    • Last heard none of the banks are financing Greater Noida Scheme! But you might want to call the above listed banks and confirm about the loan.

  4. which sector is better Mu or 10?
    How far are they from Noida extension?

  5. Can anyone pls let me know that when will we get possession if i go for this project……any expected month/year??

  6. I have moved to a newly built socity in Greater Noida and I am paying Rs 2,500 for security and maintenance to my builder. We were on a weeks holiday and there has been theft in my house. Can I drag the builder to court for compensation for my loss?

    • I think if there is theft in the house the security agency should be held liable for this. In your case it is the builder and so you should take him to court and get adequate compensation!

  7. Whether these are the good scheme for apply or not

  8. Date : 26/07/2013

    Please advise is this scheme is still active.
    I can appy for this.

    Thanks & regards
    Noori

  9. Praveen kumar says:

    If somebody did not get his name name in lucky draw, so how long will it take to get his amount refunded.

  10. Devender Singh says:

    kindly inform me the number of application received in Sector MU-II and Sector 10 of Greater Noida (BHS-16/2013) .

  11. Which is the exact date of DRAW for BHS16 / 2013 of GNIDA. Kindly give the confirmed date; time and location of draw.

  12. Hello

    After the draw , I had been allotted block 302 , sector MU 2 ,
    any idea about appreciation of the property in the coming years?
    How far is it from noida extension gaur chowk.

  13. R SIR/MADAM, I WAS NOT SUCCESSFUL IN THE RECENT DRAW OF BHS 16/2013 ,HWEN I WILL GWT MY MONEY REFUNDED ? IT’S ALREADY A MONTH SINCE THE DRAW. I HAVE BEEN APPROCHED MY PROPERTY DEALER AT TO BUY ? WHICH IS GUD LOCATION TO LIVE & AT WHAT PREMIUM IS IT GUD TO BUY ? AS POSSESION WONT BE GIVEN BY GNIDA . IF I BUY WILL IT BE ON EMI? OR DIRECT BUY WITH FULL PAYMENT POSSIBLE ? HOW & WHEN IT WOULD BE TRANSFERRED ON MY NAME IF I BUY FROM DEALERS?

    PANDIT JI

    9910674026,9871098448

  14. FAISAL AHMAD says:

    SIR/MADAM,BHS-16/2013 KE FLATS KAB TAK READY HO JAYEGE,ANY IDEA?????????
    THANKS
    FAISAL AHMAD

  15. i wana cell my bhs-16 flate 3rd flor sector 10 if any purchase then call me ANUJ RAJPUT 9015443390

  16. Mohammed Adil says:

    Dear Gents, I have one flat in MU-II at first floor under the BHS-16 residential scheme and I want to sale this flat.

    if anyone is interested and need more info pls feel free to contact me on my personal mobile – 09412128899

    – MOHAMMED ADIL

  17. I am not sure but the rental agreement should be registered in the same state as the house is present. So in your case you need to register your rent agreement in Noida itself.

  18. Greater Noida is still upcoming location, its not as hot as Gurgaon/ Noida. So you would obviously be able to sell but the appreciation may not be that great in 3 years!

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