The Uttar Pradesh State Industrial Development Authority (UPSIDA), in collaboration with the State Bank of India (SBI), is set to organize a mega e-auction for 84 industrial plots. This auction aims to boost the industrial development of Uttar Pradesh and will be conducted through SBI’s dedicated e-tendering portal. Interested participants must submit their applications by February 14, 2025.
Following UPSIDA’s earlier e-auction initiative on December 29, 2023, where 106 industrial, 13 commercial, and 16 build-up hall flatted factory plots were put up for bidding, this auction will focus on the remaining 84 industrial plots. These plots are spread across key districts, including:
Unnao Trans Ganga City
Kanpur
Prayagraj
Lucknow
Jhansi
Ayodhya
Agra
Hardoi
Varanasi
The auctioned plots, varying in size and purpose, will cater to industrial, warehousing, commercial, and flatted factory operations, aligning with the Uttar Pradesh government’s vision for economic growth.
The plots range in size from 2,426.97 square meters to 53,563 square meters, with reserved prices set transparently to attract a wide range of investors. The highest-valued plot is priced at ₹64.69 crore, while plots for build-up hall flatted factories can be secured with a nominal Earnest Money Deposit (EMD) of ₹50,000. Detailed information on reserved prices, total area, and EMD requirements can be accessed on the UPSIDA Official Website or through the SBI e-Tender Portal.
Deadline for Application Submission: February 14, 2025
E-Auction Platform: SBI’s e-tendering portal
Applicants must complete the registration process and provide the required documentation through the SBI portal to ensure seamless participation.
As part of the state’s industrial expansion efforts, UPSIDA has scheduled a Ground Breaking Ceremony (GBC) on February 19, 2025, at the Indira Gandhi Pratishthan in Lucknow. This event aims to translate business intents worth ₹1.4 lakh crore into actionable industrial projects, reinforcing Uttar Pradesh’s position as a leading industrial hub.
UPSIDA’s consistent efforts have positioned Uttar Pradesh as a preferred destination for industrial development. The transparent e-auction process, backed by the State Bank of India, ensures fair opportunities for all stakeholders. The industrial areas included in this initiative are strategically located, offering robust connectivity and infrastructure to facilitate business operations.