YEIDA Residential Plots Scheme: The Yamuna Expressway Industrial Development Authority (YEIDA) is preparing to launch a new scheme for selling residential plots during the upcoming festive season, following the positive response to its previous offerings.
Officials said that the YEIDA will launch a new residential plot scheme during the Navratri festival, offering around 2,000 smaller-sized plots aimed at mid-income group buyers, Moneycontrol reported.
The Authority has begun registering the scheme with the Uttar Pradesh Real Estate Regulatory Authority (UPRERA).
YEIDA CEO Arun Vir Singh stated that while the previous residential plot schemes received a strong response, many interested buyers were unable to participate, leading to the decision to introduce another scheme.
“We have planned to launch around 4,000 residential plots through our schemes. These will be smaller plots with sizes likely to range between 120 square metres (sq m) and 162 sq m,” Singh said.
YEIDA Plots Scheme 2024: Location
The new residential plot scheme will be introduced in sectors located near the Noida International Airport, the official noted.
The plots will be allotted through a lucky draw, with the expected allotment rate set at approximately Rs 25,900 per square metre. At this rate, the smallest 120 sq m plot will cost around Rs 31.08 lakh, while a 162 sq m plot will be priced at approximately Rs 41.95 lakh.
YEIDA Residential Plots Scheme
In July 2024, YEIDA introduced a scheme for 361 residential plots in sectors 16, 18, 20, and 22D.
More than 2.4 lakh people registered for 1,184 residential plots in the YEIDA scheme, which closed on September 4, 2023. The lucky draw for these plots is scheduled for October 10.
Yamuna Expressway Industrial Development Authority
The Uttar Pradesh Government implemented the UP Industrial Development Act of 1976 to promote the planned development of industrial and related activities within the state. Under this Act, the authorities for NOIDA, Greater NOIDA (GNOIDA), and the Yamuna Expressway Industrial Development Authority (YEIDA) were established to manage the systematic development of their respective areas adjacent to Delhi.
