Your Dream Home Near Noida Airport: New Residential Plot Scheme Launching Soon
For those aspiring to own a home near Noida Airport, exciting news is on the horizon. The Yamuna Expressway Industrial Development Authority (YEIDA) has announced plans to introduce a new scheme for the sale of residential plots in the upcoming festive season. This initiative, set to coincide with Navratri, will include 2,000 residential plots located in close proximity to the Noida Airport, fulfilling the dreams of many homebuyers.
Details of the New Residential Plot Scheme
The upcoming residential plot scheme is tailored specifically for the mid-income group and will feature small-sized plots. According to Arun Veer Singh, CEO of Yamuna Authority, the previous residential plot scheme, launched in July 2024, received an impressive response. However, many potential buyers were unable to secure plots, prompting the authority to plan an additional scheme.
Key Highlights of the Scheme
- Total Plots Available: 4,000 residential plots are earmarked, with 2,000 available during the upcoming Navratri festival.
- Plot Sizes: The size of the small plots will range between 120 square meters (sq m) and 162 sq m.
- Location: The plots will be located in sectors close to the Noida International Airport, making it an attractive option for buyers seeking convenience.
Registration and Allotment Process
The YEIDA has begun the formal registration process for this new scheme with the Uttar Pradesh Real Estate Regulatory Authority (UPRERA). The allotment of these plots will occur via a lucky draw, offering a fair chance for all interested buyers.
Projected Pricing
Officials have indicated that the allotment rate for these residential plots will likely be around Rs 25,900 per square meter. Based on this rate, the estimated price for the smallest 120 square meter plot will be approximately Rs 31.08 lakh, while a larger 162 square meter plot will cost around Rs 41.95 lakh. Here’s a quick overview of the potential costs:
| Plot Size (sq m) | Price (in Rs) |
|---|---|
| 120 | 31,08,000 |
| 162 | 41,95,000 |
Context and Previous Success
This initiative follows a previous scheme launched in July 2024, which included 361 residential plots in various sectors (16, 18, 20, and 22D). A lucky draw for these plots is set for October 10, with more than 2.4 lakh registrations for 1,184 plots in the earlier YEIDA Residential Plot Scheme that closed on September 4, 2023.
With a strong response expected, this new plot scheme aims to make homeownership more accessible for the mid-income group, especially in the rapidly developing area around the upcoming Noida International Airport.
