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The Yamuna Expressway Industrial Development Authority (YEIDA) has launched a new plot scheme in January 2024. The scheme offers mixed land-use plots in Sector 24, which are located near the upcoming Noida International Airport. The scheme is open for all categories of applicants, and the allotment will be done through an interview. Here are the details of the scheme and how to apply for it.
What are the features of the YEIDA plot scheme 2024?
- The scheme offers 500 plots of various sizes ranging from 50 sqm to 4,000 sqm. The plots are suitable for commercial, institutional, industrial, and residential purposes.
- The plots are priced at Rs. 35,000 per sqm, which is lower than the prevailing market rates in the area. The authority has also offered a 10% rebate on the premium amount for women applicants, farmers, and persons with disabilities.
- The plots are located in Sector 24, which is near the Noida International Airport. The airport, which is expected to be operational by 2025, will have six runways and a capacity to handle 70 million passengers per year. The airport will also have a cargo terminal, a maintenance, repair and overhaul (MRO) facility, and an aviation academy. The airport will create employment opportunities for lakhs of people and attract foreign and domestic investments in the region.
- The plots are also a part of the authority’s vision to develop a world-class city along the Yamuna Expressway. The authority has planned to develop various sectors with integrated facilities such as roads, water supply, sewerage, power, gas, and telecom.
- The authority has also planned to develop social and recreational amenities such as schools, colleges, hospitals, parks, malls, hotels, and sports complexes. The authority has also earmarked land for the development of a film city, a heritage corridor, a medical city, and a sports city.
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What are the benefits of the YEIDA plot scheme 2024?
- The scheme is a lucrative opportunity for investors and end-users who want to own a property near the Noida International Airport. The scheme is expected to generate high returns in the future, as the airport and the city development will increase the demand and value of the plots.
- The scheme is also a golden chance for those who want to start or expand their business, industry, or institution in the region. The scheme provides the flexibility to use the plots for multiple purposes, as per the needs and preferences of the applicants. The scheme also provides the convenience of online application and payment, and the transparency of allotment through an interview.
- The scheme is also a social welfare initiative by the authority, as it aims to provide affordable and quality housing to the people of the region. The scheme also promotes the empowerment of women, farmers, and persons with disabilities, by offering them a rebate on the premium amount.
- The scheme also contributes to the environmental sustainability of the region, by ensuring the compliance of the plots with the green norms and standards.
What are the eligibility criteria for the YEIDA plot scheme 2024?
- The scheme is open for all categories of applicants, including individuals, firms, companies, societies, trusts, etc. The applicants must be citizens of India and above 18 years of age. The applicants must also have a valid PAN card and Aadhaar card.
- The applicants can apply for only one plot under the scheme. The applicants who have already been allotted a plot by the authority in any previous scheme are not eligible to apply for the scheme. The applicants who have any dues or disputes with the authority are also not eligible to apply for the scheme.
- The applicants must submit the following documents along with the application form:
- Proof of identity, such as PAN card, Aadhaar card, passport, voter ID card, etc.
- Proof of address, such as electricity bill, telephone bill, bank statement, etc.
- Proof of income, such as salary slip, income tax return, bank statement, etc.
- Proof of category, such as certificate of women, farmer, or person with disability, if applicable.
- Passport size photograph and signature of the applicant.
Read about: Unlocking Growth with YEIDA Plot Scheme 2024
How to Apply for the YEIDA plot scheme 2024?
- The applicants can apply online through the official website of YEIDA or through the Nivesh Mitra portal with all the documents. The applicants can also download the brochure containing the application form from the website of YEIDA by paying Rs. 500 + 18% GST.
- The applicants have to pay a non-refundable processing fee of Rs. 25,000 + 18% GST and a refundable registration money of 10% of the total premium of the plot. The payment can be done through the online portal of YEIDA or through RTGS/NEFT by generating a challan from the Nivesh Mitra portal.
- The last date for submitting the application form is February 28, 2024. The allotment of the plots will be done through an interview by the screening committee of the authority. The date and venue of the interview will be intimated to the applicants through email and SMS.
- The successful applicants will have to pay 10% of the premium amount within 30 days of the allotment letter, and the remaining 90% in 16 equal half-yearly installments with 12% interest per annum. The applicants can also opt for a one-time payment of the premium amount with a 5% rebate.
How to contact the YEIDA for more information?
The applicants can visit the official website of YEIDA for more details and updates on the scheme. The applicants can also contact the authority through the following modes:
- Email: queries@yamunaexparesswayauthority.com
- Phone: 0120-2395152 | 0120-2395157
- Address: Yamuna Expressway Industrial Development Authority, First Floor, Commercial Complex, P-2, Sector- Omega I,Greater Noida, Gautam Budh Nagar, Uttar Pradesh, PIN: 201308
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