Fourteen builders submitted their bids for seven group housing plots in Noida on Friday. Financial bids will be opened later after the scrutiny of technical papers. Cost of these plots calculated at the reserve price of Rs 20,400 per sq mt is Rs 1,232 crore. Actual bids will fetch authority more than this amount.

In the presence of bidders and officials, authority officer on special duty Yash Pal Singh opened the technical bids after the bidders had been satisfied with the box seals.

On January 8, the authority had announced a group housing scheme for the six plots in sectors 76, 104 and 137. On January 19, the authority added one more plot of sector 45 in the scheme. All the plots were bigger than 50,000 sq mt area.

Two plots of 51,000 sq mt and one plot of 60,000 sq mt are in sector 137. One plot of 64,600 sq mt was in sector 104. Sector 76 has two plots of 81,740 sq mt and 2,35,630 sq mt. The sector 45 plot area is 60,350 sq mt.

The reserved price was Rs 20,400. Permissible population density is 1,650. The maximum permissible ground coverage is 40 per cent. There is no height limit.

The reserved price of the biggest plot of 2.35 lakh sq mt is Rs 480 crore and the smallest plot of 51,000 sq mt costs Rs 104 crore.

The bidders included Supertech Limited, Mahagun, Poorvanchal, Gaur Sons, Exotica Panchsheel, Anjara India, Amarpalli Sillicon, Amarpalli Presley, Ashiana Pacific, Today Home Infrastructure, Picty & ATS Infrastructure, SDS Infrastructure, Aggarwal Associate and S.V.P. Joint Venture.