YEIDA Aims to Raise Rs 120 Crore Selling 287 Flats in Sector 22D

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    The Yamuna Expressway Industrial Development Authority (YEIDA) recently concluded a draw for 287 flats, with the aim of realizing approximately Rs 120 crore from the sale. The draw, which was open for applications from August 2 to August 31, garnered significant interest, receiving a total of 308 applications, though 21 applicants later withdrew their submissions.

    The official from YEIDA stated that the flats, all 2BHK units, were allocated on a first-come, first-served basis. The draw, held on September 15, is expected to result in allotment letters being issued to successful applicants by September 20. These flats are ready for possession and are unencumbered by any legal issues.

    The multistorey buildings, consisting of a stilt area and 16 floors each, are situated in a prime location within Sector 22D. The authority aims to generate Rs 120 crore from the sale of these 287 flats, each priced between Rs 42 lakh and Rs 43 lakh. Applicants for the draw had to pay a registration amount of Rs 4.23 lakh. The carpet area of each flat measures 969.64 square feet.

    In addition to the flats, the Yamuna Expressway Authority plans to allocate four fuel filling stations, three commercial kiosks, 25 commercial shops, and six commercial footprint plots through an e-auction scheduled for October.

    The Yamuna Expressway Authority was established to oversee the implementation of the Yamuna Expressway Project and related developments in the region. The 165 km expressway, running along the eastern bank of the Yamuna River, connects Noida and Agra.

    Also read: Seize the Moment: Yamuna Expressway Authority Introduces 462 Flats Scheme with Rs 194 Crore Revenue Goal

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