noida with no takers for land in its area noida authority has delayed the auction of commercial land for large and small category 27 plots till december the authority has also extended its group housing scheme of six plots in sectors 146 and 147 launched earlier this monthbidding of these plots for commercial use by consortiums investors and entrepreneurs will kickstart at a whopping rs 1025 crore for the 64500 meters plotaccording to officials a total of 12 large commercial plots ranging in size from smallest at 6046 square meters to largest at 64500 square meters were announced for bidding last month the reserve prices for the 12 plots had been fixed between rs 159 lakh to rs 166 lakh per square meters the date for applying for this scheme has been extended till december 16 2016 these plots are located in sectors 44 62 63 94 96 121 and 124another 15 small commercial plots were to be auctioned at a reserve price of rs 159 lakh per square meters to rs 240 lakh per square meters this scheme with plots in sectors 1 23 26 36 46 49 58 61 62 and 92 with sizes ranging between 510 square meters to 3447 square meters has also been extended till december 12 2016 said pk agarwal chief executive officer ceo noida authoritythe commercial scheme has been initiated several times earlier in august and november last year and again in july this year noidas commercial plots had been put up for bidding but failed to find a single buyer even though real estate sector has been facing a recession we hope to sell off the plots this time said agarwal optimisticallymeanwhile a group housing scheme also launched this month will auction its plots next month the four plots to be used for group housing projects are part of the 15 land reserved for residential purposes from the erstwhile sez land located along the noidagreater noida expressway agarwal explained while two of the four plots are located in sector 146 across about 32 hectares the other two plots will be in sector 147 across 1450 hectares each the reserve price for these plots has been fixed at rs 54026 per square meters he added plots will be allotted on a twobid system the scheme closes on december 7 2016 he said