Tag Archives: Yamuna Expressway Authority Plots

Five things to be aware of when Yamuna Expressway Authority begins selling over 350 plots close to Noida airport

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These residential plots are close to the Yamuna Expressway and the Noida International Airport. Aug 5, 2024, is the deadline for applications to the program. An allotment of plots will take place via a lucky draw on Sep 20, 2024. 

The Yamuna Expressway Industrial Development Authority (YEIDA), encouraged by the success of its residential plots scheme last year, has once again put over 350 residential plots in four different sectors near the future Noida International Airport up for sale, according to officials with knowledge of the situation. 

The Authority offers approximately 361 plots in seven different sizes as part of the scheme. August 5 is the deadline for registering for the plot scheme. Plots will be distributed using a luck draw in September. 

“Demand has increased across all market segments–residential, commercial, and industrial– as the Noida airport in Jewar is anticipated to commence operations shortly. Because of how quickly the area is developing, people want to live and invest close to the airport. The Authority has introduced a residential construction plot scheme to profit from these variables. The last day to register for the program is August 5, and registrations have already started,” YEIDA CEO Arun Vir Singh stated. 

YEIDA conducted a draw for 1,184 residential plots across three sectors earlier in October 2023. For the 1,184 residential plots in YEIDA sectors 16, 17, and 20, as many as 1.4 lakh people submitted applications. 

Plot count and location 

The scheme document states that these 361 plots are spread across four distinct sectors: 16, 18, 20, and 22D. The Yamuna Expressway, which links Greater Noida with the historic towns of Agra and Mathura, is next to these plots. The proposed Film City, the Eastern Peripheral Expressway (EPE), and the future Noida International Airport are all close to these plots. 

Sizes 

The residential plots scheme has seven distinct categories in which the plots are available. Along with larger residential plots ranging in size from 500 to 4,000 square meters, the scheme also features mid-size residential plots measuring 120 and 200 square meters. The offerings from the YEIDA include 84 200-square-meter plots, 77 162-square-meter plots, three 200-square-meter plots, and eight 4000-square-meter plots. The plan provides the highest number of residential plots –131—in the 300 square meter range. 

The scheme document states that these residential plots will cost Rs 25,900 per square meter. The 162-square-meter plot will cost roughly Rs 41.95 lakh, while the 120-square-meter plot is the smallest and will cost Rs 31.08 lakh. The approximate costs of the 200-square-meter, 300-square-meter, and 500-square-meter mid-size plots are Rs 51.8 lakh, Rs 77.7 lakh, and Rs 1.29 crore, respectively.

According to the document, the price of the large plots, which measure 1000 and 4000 sqm, respectively, will be approximately Rs 2.59 crore and Rs 10.36 core, excluding taxes and preferred location fees. The Yamuna Expressway Authority hopes to allocate these residential plots for a total revenue collection of Rs 343.04 crore. 

How will these stories be divided up? 

According to officials, a lucky draw will be held on September 20, 2024, to determine the distribution of these residential plots. Interested parties may pay a fee of Rs 600 to download the application form and brochure from Authrotiy’s website, www.yamunaexpresswayauthority.com. 

Payment schedules

According to officials, the Authority has implemented three payment plans to facilitate payment plans to ease the payment process for successful allottees. In option one, the entire premium — including the registration fee— must be paid in full upfront within 60 days of the allotment letter’s issuance date. 

Option two stipulates that half of the premium, including the registration fee, must be paid within 60 days of the allotment letter’s issuance date. According to the YEIDA scheme document, the remaining 50% must be paid in two equal half-yearly installments, which are calculated starting on the 61st day after the date of allocation, and interest is calculated at the rate of 10% annually. 

Option three requires allottees to pay thirty percent of the total premium within sixty days of the allotment letter’s date of issue. The remaining 70% must be paid in ten equal half-yearly installments, with 10% interest per year, starting on the 61st day after the date of allotment. 

Yamuna Expressway Authority Plots Latest News

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The YEIDA Plot Scheme for Medical Devices Park Prak began on June 12, 2023, and ended on July 3, 2023. The YEIDA Authority has scheduled the scheme’s lucky draw for July 19th, 2023. The plots covered by the plan are in the YEIDA Authority region’s Sector 28. According to the project report, plot allotment for displays up to 4,000 sq m will occur through a lucky draw. The chosen beneficiaries must pay 30% of the total cost of the chart within 60 days of receiving the allotment letter. The ten percent deposit will go toward the thirty percent payment. The buyer must pay the remaining 70% in 10 equal half-yearly installments. The interest rate will be 10% per year. Buyers may be required to pay additional fees such as mortgage processing costs, transfer costs, location costs, and so on. 

The YEIDA Authority has extended the application deadline for the Data Center Park Yamuna Expressway Plot Scheme to Jul 17, 2023

Yamuna Authority has decided to extend the deadline for submitting the Data Center Park Plot Scheme to July 17, 2023. The project is underway in Sector 28, along the Yamuna Expressway. Previously, the deadline for applying to the plot scheme was July 3, 2023. On June 12, 2023, plans were announced, with five data center plots for sale. Under this YEIDA Authority Plot Scheme, the authority has offered three displays measuring 40,000 sq mt and two shows measuring 20,000 sq mt. The power has confirmed that one or two applications came in for each plot. The scheme’s terms and requirements, however, require three applications.

The YEIDA Authority has granted the scheme a 14-day extension to allow interested buyers to submit bids. The prices of 40,000 sq m plots range from Rs 12,819 to Rs 14,100.90 per square meter. The cost of a 20,000-square-meter chart ranges from Rs 14,088 to Rs 15,496 per square meter. The e-auction for the Yamuna Expressway pilot scheme will occur on July 17, 2023, from 11:00 a.m. to 2:00 p.m.  

Soon, the Yamuna Authority will launch the new YEIDA Plot Scheme 2023 near the Jewar International Airport. 

The Yamuna Authority has decided to launch a new YEIDA Plot Scheme near Noida’s Hewar International Airport on July 13, 2023. The authority has confirmed that the residential plot scheme will be subject to the Real Estate Regulation and Development Act (RERA). The new YEIDA Plot Scheme 2023 project report has gone to RERA for approval. The RERA Authority will likely approve it soon. 

Under the scheme, the YEIDA authority intends to offer residential and industrial plots. There will be four residential plots ranging from 120 to 300 square meters. The authority will offer 1351 plots in various Yamuna City sectors, including Sectors 16, 17, 18, 20, and 24. 17.5 percent of the YEIDA Scheme plots will be reserved for farmers whose land parcels have become available for the scheme’s development. 

The YEIDA Scheme plot allocation will more resemble a lucky draw than an e-auction. Participants in the Happy Sketch Contest must deposit a certain amount to participate. The plot allotment rate set by the YEIDA Authority is Rs. 24,600 per square meter. 

YEIDA City: An Overview of YEIDA Plot Schemes 

YEIDA City (previously known as “Yamuna City”) is a greenfield project in Uttar Pradesh and the third city of the Gautham Buddha District after Noida and Greater NOIDA. It is underway over a 25,000-hectare land area along the Yamuna Expressway. The city is home to the NOIDA International Airport at Jewar, which plans to be India’s largest airport, along with an F1 track (Buddh International Circuit), a sports city, an international cricket stadium, and proposed India’s largest Film City. 

The emerging city, which is already a part of the Delhi National Capital Region (NCR), is planned to be developed on a sector-by-sector occasion, with better and cleverer infrastructure. 

The city, once grown, will complement the real estate development in NOIDA and Greater NOIDA. 

The city is underway in the Gautam Buddha Nagar district of Greater NOIDA, along the Yamuna Expressway in Uttar Pradesh. A township is developing between the proposed Eastern Peripheral-Yamuna Expressway intersection and Jewar Airport. It is 45 kilometers from Delhi (via DND Expressway), 14 kilometers from Pari Chowk (in Greater NOIDA), 110 kilometers from Mathura and Vrindavan, and 160 kilometers from Agra.  

YEIDA City (Yamuna Expressway Plot Scheme) Project Facilities 

While the Buddh International Circuit (F1 Track) and NOIDA Cricket Stadium (or Tehra Cricket Stadium) with a seating capacity of 25,000 people are already operational in Sector 21A, the city’s residential development includes authority-allocated plots with private development in the form of Gaur Yamuna City and Ajnara Panorama.  

The total area of YEIDA City in terms of layout is 24,739 hectares. Around 26% of this is planned for industrial use and 19% for residential use. The city’s green area coverage is expected to be 5,148 hectares or 22%. YEIDA covers a total area of 2,688 square kilometers. 

An upcoming MSME cluster, toy park, furniture, apparel park, handicraft park, and three hotels in the city, including a three-star hotel (2.5 acres), a four-star hotel (5 acres), and five-star hotel (10acres), are also planned by the authority. While YEIDA has approved land for three community health centers and a girls’ inter-college, Gaursons Group is working on constructing a 108-foot-tall statue of Lord Krishna (India’s tallest) in its Gaur Yamuna City, along with a grand temple. 

Other private developers have begun to flock to the city, offering a modern lifestyle in various integrated townships, with offerings ranging from high-rise apartments to luxury villas to commercial properties.