Price Estimate for Plots
The Yamuna Expressway Industrial Development Authority (YEIDA) is set to introduce a new residential plot scheme near the upcoming Noida International Airport, coinciding with the Navratri festival. The allotment rate for these plots is expected to be around ₹25,900 per square meter. For reference, a 120-square-meter plot will likely cost ₹31.08 lakh, while a larger 162-square-meter plot may be priced around ₹41.95 lakh.
Plot Scheme Targets Mid-Income Buyers
After receiving a strong response to previous plot schemes, YEIDA is now preparing to offer another batch of residential plots during the festive season. According to officials, the Authority plans to release about 2,000 plots, with a focus on smaller-sized parcels aimed at mid-income buyers.
Arun Vir Singh, CEO of the Yamuna Expressway Authority, highlighted the success of earlier schemes, stating that many potential buyers missed the previous opportunities. “We received a positive response, but due to high demand, several buyers couldn’t participate. Hence, we decided to launch another scheme,” Singh explained.
Total Plot Availability and Launch Timing
YEIDA has a broader plan to launch around 4,000 residential plots, with half of these (2,000) being introduced during the Navratri festive period. The remaining plots are expected to be launched in later phases.
Location and Registration Details
These new residential plots will be situated in sectors close to the Noida International Airport, making the location highly attractive for future residents. The process to register the scheme with the Uttar Pradesh Real Estate Regulatory Authority (UPRERA) is already underway.
Allotment Process and Pricing
The plots will be allocated through a lottery system, providing a fair and transparent selection process for potential buyers. At an estimated rate of ₹25,900 per square meter, the scheme aims to cater to a broad spectrum of buyers, especially those seeking affordable housing options near a rapidly developing area.
Previous Plot Schemes and Draw Details
Earlier in July 2024, YEIDA had launched a scheme offering 361 residential plots in sectors 16, 18, 20, and 22D. The lucky draw for these plots is scheduled to take place on October 10. The response to this scheme has been overwhelming, with over 2.4 lakh people registering for the 1,184 plots offered in a similar scheme that concluded on September 4, 2023.
