Greater Noida: Greater Noida Industrial Development Authority (GNIDA) will be returning the registration fee of the unsuccessful bidders who could not get flats allotted under its residential scheme 2011 within a month.

The bidders can withdraw their money from the same bank through which they had applied for the scheme.
To ensure the quick return, the authority would deposit the money in banks within 15 days. The respective banks would start returning the money before the end of this month.

GNIDA General Manager (Urban) RK Dev said, “If banks would not return the money on time then authority would take action.”
The residential scheme for 700 houses, spread over an area of 35.96 metre square was launched by GNIDA on the occasion of Chief Minister Mayawati’s birthday.

 4691 candidates had applied for this and draw was held on June 6.

The successful candidates will have to deposit the 20 percent of allotment amount within three months.

The candidates have been provided with two options to deposit the amount. Either they can pay the entire amount in one go or deposit it in installments over a span of three years.