E-auction: 37 industrial plots fetch UPSIDA more than Rs 14 crore in Greater Noida

NOIDA: Notwithstanding the pandemic, the Uttar Pradesh State Industrial Development Authority (UPSIDA) has received a good response to an e-auction organised on June 7.
Nearly 300 respondents came forth to bid for 37 plots over 13,000 sqm of industrial land in Greater Noida’s Surajpur Industrial Area, which has fetched the industrial body over Rs 14 crore, officials said.
“We are overwhelmed with the response. This is a shot in the arm for the industrialists in the midst of the Covid pandemic — this certainly shows the industrial sentiment is upbeat,” Mayur Maheshwari, CEO of UPSIDA, told TOI.
Each of the 37 plots in the Surajpur Industrial Area has received at least six responses in the e-auction, officials said.
“The responses we received for each plot were between six and 15. Because it was an e-auction, the participation was wide,” said Anil Sharma, regional manager, UPSIDA, Gautam Budh Nagar.
The basic price of the industrial plots in the Surajpur Industrial Area was fixed at Rs 8,100-8,505 per sqm. The price fetched through the auction is around Rs 14 crore.
“The auction has made it possible for us to create massive value enhancement for our industrial plots. This is significant because of the prevailing pandemic situation,” Sharma said. The auction, however, has run into controversy, with local industrial bodies claiming they were not aware of the same.
Micro, Small and Medium Enterprises (MSME) have complained about the same to the UPSIDA and requested for a repeat of the e-auction.