In a significant move to boost Noida's hospitality infrastructure, the Noida Authority has unveiled a new scheme to establish six hotels across key sectors of the city. The initiative includes three budget hotels and three star-category hotels, with the plots located in sectors 93B, 105, 135, and 142.

Collectively, the six hotel plots cover a total area of 42,790 square meters and have a combined reserve price of Rs 781.48 crores. The allotment process for these plots will be conducted through an e-auction. To facilitate potential bidders, the Noida Authority has scheduled a pre-bid meeting on October 10, where queries regarding the process can be addressed.

The bidding process is set to begin on October 17 and will close on November 9, offering developers a chance to invest in prime real estate. The plots feature a Floor Area Ratio (FAR) of 3, allowing for vertical construction, and 40% ground coverage, ensuring efficient use of land.

For budget hotels, the Authority has allocated three plots in Sector 93B, a well-connected area known for its growing residential and commercial developments. On the other hand, the star-category hotels will be developed on three large plots in the prominent sectors of 105, 135, and 142, areas with substantial business activity and excellent connectivity.

This initiative is part of a broader effort to enhance Noida’s tourism and business accommodation facilities, positioning the city as a hub for both domestic and international visitors.

Meanwhile, the Greater Noida Industrial Development Authority (GNIDA) has launched a separate scheme for 20 plots designated for Business Process Outsourcing (BPO) and IT-enabled services (ITES) in Knowledge Park 5, further highlighting the region's push for economic and infrastructural growth.

For those interested in the e-auction, the Noida Authority's website will provide more details on the bidding and allotment process.

Note : Information research by the times of India.