Following an unsuccessful tender attempt, the Yamuna Expressway Industrial Development Authority (YEIDA) has relaunched its group housing scheme. Six plots in sector 22D, adjacent to the Yamuna Expressway near Noida International Airport in Greater Noida, are now available for sale.
According to a report by Moneycontrol, officials anticipate generating a minimum revenue of Rs 450 crore from the allocation of these group housing plots, as per the authority’s projections.
“The last date of registration and fee submission is May 20. This time we are hopeful of getting a good response from bidders for these six group housing plots,” a YEIDA official told Moneycontrol.
YEIDA last allocated group housing plots in 2014. However, after a nine-year hiatus, in September 2023, it reintroduced a group housing scheme. Unfortunately, no bidders participated in the scheme at that time.
YEIDA Plot Scheme 2024 Details
Number of plots and sizes
As part of the scheme, the authority is offering six group housing plots across various categories. Five plots cover an area of 20,000 sqm each, while one spans 40,000 sqm.
YEIDA Plot Scheme 2024: Location
Situated in YEIDA Sector 22D along the Yamuna Expressway, these plots offer connectivity to historic cities like Mathura and Agra, as well as Greater Noida. They are conveniently close to the proposed film city, upcoming Noida International Airport near Jewar, Buddha International Circuit, and Medical Device Park. Additionally, Sector 22D enjoys direct access to the Eastern Peripheral Expressway, linking western Uttar Pradesh with Delhi and Haryana.
YEIDA Plot Scheme 2024: Price and registration fee
Plot prices range from Rs 61.5 crore to Rs 135.3 crore, determined by size and location. Bidding starts at Rs 30,750 per sqm, up to Rs 33,825 per sqm. The registration fee (EMD) is set at 10% of the plot cost, varying from Rs 6.15 crore to Rs 13.53 crore, based on plot category and size.
YEIDA Plot Scheme 2024: Allotment
Applications and EMD can be submitted by bidders until May 20, 2021. Required documents for the bidding process must be submitted by May 21, 2024. Allocation of these group housing plots will be conducted via an e-auction scheduled for June 10, 2024.
YEIDA Plot Scheme 2024: Payment Plan
In a bid to facilitate developers in managing land costs, YEIDA now permits staggered payments instead of the traditional upfront payment within 90 days.
Applicants are required to submit 10% earnest money upon application. Successful bidders must pay 40% of the total cost within 60 days of plot allotment, with the remaining 60% spread over five years in 10 semiannual installments, as outlined in the bid document.
Noida-Greater Noida Region
The Noida-Greater Noida region refers to an expansive urban area encompassing Noida and Greater Noida, two prominent cities in the National Capital Region (NCR). This region is known for its rapid urban development, commercial centers, residential complexes, and industrial hubs, contributing significantly to the economic growth of the Delhi-NCR metropolitan area.
Delhi NCR, short for the National Capital Region, refers to the sprawling metropolitan area surrounding New Delhi, the capital of India. It encompasses various cities and districts in the states of Delhi, Haryana, Uttar Pradesh, and Rajasthan, forming a cohesive urban and economic zone.
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