The Yamuna Expressway Industrial Development Authority (YEIDA) has unveiled an exciting new plot scheme near the Noida International Airport (Jewar Airport) for 2024. This scheme offers 2,500 plots for residential, mixed land, IT parks, and data centers. With the strategic location, attractive plot sizes, and flexible payment options, this scheme is an incredible opportunity for investors and homebuyers alike.
The plots will be allotted through a lucky draw system, making the process transparent and accessible to a wide audience. The allotment rate is expected to be approximately Rs 25,900 per square meter, making it an affordable investment opportunity, especially for those looking to secure property in a rapidly developing region.
Key Features of YEIDA’s 2024 Plot Scheme:
Plot Sizes: The plots range from 60 to 300 square meters, catering to a variety of investment needs—whether you're a first-time homebuyer or an investor looking to develop commercial spaces.
Allotment Process: The plots will be allotted via a lucky draw, ensuring fairness and transparency in the process. All interested individuals will have an equal chance to secure a plot.
Payment Plan:
The initial payment is set at 30% of the total premium, which includes the registration fees. This must be paid within 60 days of receiving the allotment letter.
The remaining 70% of the payment can be made in 10 equal half-yearly installments, starting from the 61st day of the allotment. This flexible payment structure allows buyers to manage their finances efficiently without straining their budgets.
Application Process: All applications for sanction and completion of YEIDA properties are processed entirely online, making the process convenient and user-friendly for applicants. This streamlined system allows users to submit their documentation, track progress, and receive allotment updates from the comfort of their homes.
Location: The plots are located near the highly anticipated Noida International Airport (Jewar Airport), which is set to become a major economic hub in the region. This prime location, combined with the growing demand for residential and commercial properties in the area, makes this plot scheme an excellent investment opportunity.
YEIDA Residential Plot Scheme 2024: Sector Overview
The YEIDA Residential Plot Scheme 2024 focuses on several prime sectors along the Yamuna Expressway, including sectors 16, 17, 18, 20, and 22D. These areas are rapidly developing and are positioned close to key infrastructure projects such as the Noida International Airport, the Eastern Peripheral Expressway (EPE), and the upcoming Film City project.
With over 361 residential plots available, ranging from 120 to 4,000 square meters, the scheme offers a wide range of options to suit both individual buyers and commercial developers.
Plot Availability and Pricing:
120 sq meters: Rs 31.08 lakh (approx.)
162 sq meters: Rs 41.95 lakh (approx.)
200 sq meters: Rs 51.80 lakh (approx.)
500 sq meters: Rs 1.29 crore (approx.)
1000 sq meters: Rs 2.59 crore (approx.)
4000 sq meters: Rs 10.36 crore (approx.)
With competitive prices and the flexibility of plot sizes, the YEIDA scheme has attracted significant attention from investors and homebuyers alike. The authority aims to collect revenue of Rs 343.04 crore through the allotment of these residential plots.
Benefits of Investing in the YEIDA Plot Scheme:
Proximity to Major Infrastructure:
The plots are located near the under-construction Noida International Airport, which is expected to be one of India’s largest airports, providing a major boost to the local economy.
Connectivity is enhanced by the Eastern Peripheral Expressway (EPE) and the planned Film City, which will attract more businesses and professionals to the area.
Growing Demand for Residential and Commercial Space:
As the development around Noida International Airport progresses, demand for residential and commercial properties is set to rise sharply. Investing now will likely yield significant returns as property values increase.
Affordable Payment Options:
The payment structure allows for an initial payment of 30%, with the remaining amount spread across 10 half-yearly installments. This makes it easier for buyers to secure plots without financial strain.
Government-Backed Development:
YEIDA was created under the UP Industrial Development Act, 1976, with a mandate to drive industrial and allied development in the region. With strong government backing, this project is expected to progress smoothly, making it a low-risk investment for buyers.
YEIDA’s Vision for the Yamuna Expressway Region:
The launch of this new plot scheme is part of YEIDA’s long-term vision to develop the Yamuna Expressway region into a world-class industrial, commercial, and residential hub. By offering affordable plots in prime locations, YEIDA aims to attract both domestic and international investors to participate in the region's growth.
YEIDA’s ongoing projects, such as IT parks and data centers, align with India’s broader push toward becoming a global tech and innovation hub. With multiple sectors set aside for these developments, investors can expect a vibrant ecosystem that combines residential spaces with commercial and industrial opportunities.
How to Apply for YEIDA’s Plot Scheme:
Step 1: Visit the YEIDA WebsiteStart by visiting the official YEIDA website (www.yamunaexpresswayauthority.com). The site has all the information about plot sizes, pricing, and the application process.
Step 2: Registration FeeApplicants must pay a registration fee to participate in the scheme:
For SC/ST applicants, the fee starts from Rs 1,55,400 for a 120 sq meter plot.
For General applicants, the fee starts from Rs 3,10,800.
For larger plots, the registration fee scales up:
4,000 sq meters: Rs 51.80 lakh (SC/ST) and Rs 1.03 crore (General).
Step 3: Submit Application OnlineComplete the online application by uploading all required documents, including:
Recent passport-size photograph
Address proof (Aadhaar card, voter ID, utility bill)
Identity proof (Aadhaar, PAN, passport)
Submit the form, pay the required fees, and track your application through the YEIDA portal.
Key Dates to Remember:
Start Date of Scheme: July 5, 2024
Last Date for Applications: August 5, 2024
Draw Date for Allotment: September 20, 2024
Final Thoughts:
The YEIDA 2024 Plot Scheme near Noida International Airport presents a unique opportunity to invest in one of the fastest-growing regions in India. With flexible payment plans, transparent allotment processes, and proximity to major infrastructure, this scheme is perfect for both first-time homebuyers and seasoned investors.
As the region develops, property values are expected to rise significantly, making this a sound investment for anyone looking to capitalize on the booming real estate market in the Yamuna Expressway area.
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