NOIDA, India — The Yamuna Expressway Industrial Development Authority (YEIDA) has introduced a new housing scheme to enhance residential development in the region. This scheme offers a total of 20 plots, distributed across three sectors: Sector 17, Sector 18, and Sector 22D.
As reported by The Economic Times, the plot sizes vary from 11,513.72 square meters to 89,034 square meters, providing developers with a wide range of options.
Plot Details and Pricing
The 20 plots are distributed as follows:
- Sector 17: Six plots with sizes ranging between 11,513.72 square meters and 24,282 square meters. The base price for these plots is ₹32,375 per square meter.
- Sector 18: Five plots, each uniformly sized at 16,188 square meters.
- Sector 22D: Nine plots with a wide range of sizes, starting from 20,235 square meters and going up to 89,034 square meters. The larger plots in this sector are expected to attract more interest due to their size and strategic location.
Financial Requirements and Application Process
Developers wishing to participate in the scheme must pay an earnest money deposit (EMD), which ranges from ₹3.73 crore to ₹30.27 crore, depending on the plot size. The application process for the scheme opened on December 2, 2024, and will remain open until December 18, 2024.
An e-auction for the plots will take place on January 20, 2025. The auction will involve incremental bids at 1% of the base price for each plot. This system is designed to allow competitive bidding while maintaining transparency.
Strategic Importance of the Scheme
The new residential plots are strategically located along the Yamuna Expressway, a rapidly developing region that is becoming a key residential and commercial hub. This area is expected to see significant growth in the coming years, particularly with the upcoming Noida International Airport at Jewar, which is expected to boost demand for housing in the region.
The Yamuna Expressway is also well-connected to major commercial centers in Noida and Greater Noida, making it an attractive location for developers looking to capitalize on the growing demand for both residential and commercial real estate.