Yamuna Expressway Authority Launches Housing Scheme for 973 Plots Near Noida Airport

Original: Yeida launches housing scheme for 973 plots

Hindustan Times•Apr 6, 20263 min

In a Nutshell

The Yamuna Expressway Industrial Development Authority (Yeida) has launched a housing scheme offering 973 residential plots near the newly inaugurated Noida International Airport. The plots range in size and are priced at ₹36,260 per sqm. Applications are open until May 6, with a draw scheduled for June 18.

Key Points

01Yeida is offering 973 plots in newly developed sectors near Noida International Airport.
02Plots are available in various sizes, with prices set at ₹36,260 per sqm.
0317.5% of the plots are reserved for farmers affected by land acquisition.
04The application process begins online, requiring a 10% registration fee.
05The allotment will be conducted through a draw on June 18.

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Full Summary

The Yamuna Expressway Industrial Development Authority (Yeida) has announced a new housing scheme that includes 973 residential plots aimed at individuals looking to build homes near the Noida International Airport, which was inaugurated on March 28. The plots are located in sectors 15-C, 18, and 24, and vary in size from 162 sqm to 290 sqm. The pricing for the plots is set at ₹36,260 per sqm. Yeida has reserved 17.5% of the plots for farmers whose land was acquired for development and 5% for business owners with operational industrial units in the area. Interested applicants can apply online starting Monday, with the last date for applications set for May 6. The allotment will be conducted through a draw on June 18, and successful applicants will need to pay 100% of the premium within 60 days of receiving the allotment letter. The scheme aims to meet the growing demand for housing as flight operations at the airport are expected to commence soon.

Key Figures

973

Total number of residential plots offered

₹36,260

Price per square meter

10%

Registration fee required

60 days

Timeframe to pay total premium after allotment

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Why It Matters

This housing scheme provides an opportunity for residents and investors to secure plots near a major airport, potentially increasing property values and attracting more businesses to the area.

Who is affected

Potential homebuyers, farmers affected by land acquisition, and local businesses.

What to know

Interested individuals should apply online before the May 6 deadline.

FAQ

The last date to apply is May 6.

The plots will be allocated through a draw scheduled for June 18.

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