Exciting New Residential Plot Scheme by YEIDA
If you’re considering investing in a property near the Noida International Airport, you’re in luck! The Yamuna Expressway Industrial Development Authority (YEIDA) is set to launch a new scheme for residential plots coinciding with the Navratri festival. This initiative aims to cater specifically to middle-income buyers, making home ownership in this developing area more accessible.
Launch Details and Registration
The highly anticipated scheme will be introduced during the Navratri celebrations, a time recognized for new beginnings and investments. YEIDA has already commenced the registration process with the Uttar Pradesh Real Estate Regulatory Authority (UPRERA), ensuring that all procedures are compliant with existing regulations. According to YEIDA CEO Arun Veer Singh, the previous plot schemes received overwhelming interest, leaving many potential buyers without an opportunity. Hence, this new scheme has been designed to accommodate the growing demand.
Number and Size of Plots Available
YEIDA is planning to offer around 4,000 residential plots within this scheme. The plots will vary in size, ranging from 120 square meters (sqm) to 162 sqm, providing options for those looking to invest in compact, yet valuable real estate.
Pricing and Allotment Process
The new plots will be situated in sectors adjacent to the Noida International Airport, adding significant value due to proximity to emerging infrastructure. The allotment of these plots will be conducted through a lucky draw, promoting a fair opportunity for all interested buyers. The anticipated allotment rate is approximately ₹25,900 per square meter. Here’s a quick overview of the expected pricing:
| Plot Size (sqm) | Total Cost (in ₹) |
|---|---|
| 120 | ≈ ₹31.08 lakh |
| 162 | ≈ ₹41.95 lakh |
Previous Success and Future Initiatives
YEIDA has a history of successful schemes, with one of the latest being introduced in July 2024, which offered 361 residential plots across Sectors 16, 18, 20, and 22D. This particular scheme attracted more than 2.4 lakh registrations, highlighting the immense demand for real estate in this area. The lucky draw for these plots is scheduled to take place on October 10, creating anticipation among prospective buyers.
The Vision Behind YEIDA
Established under the UP Industrial Development Act of 1976, YEIDA was created to facilitate planned development in industrial and associated activities, particularly in regions surrounding New Delhi. The establishment of Noida, Greater Noida, and YEIDA reflects the government’s commitment to structured urban development, providing a solid foundation for investors and residents alike.
Conclusion
The upcoming residential plot scheme by YEIDA presents a promising opportunity for individuals looking to invest in the growing region near Noida International Airport. With a focus on middle-income buyers, competitive pricing, and a transparent allotment process, the scheme is poised to attract significant interest. As the festive season approaches, it may be the perfect time to explore the possibility of owning a piece of land in this developing area.
