YEIDA Unveils Major Residential Plot Scheme Near Noida International Airport
The Yamuna Expressway Industrial Development Authority (YEIDA) is set to launch a significant residential plot scheme on Monday, offering 973 plots in sectors adjacent to the Noida International Airport (NIA). This initiative aims to capitalize on the burgeoning demand for housing driven by the airport's development and expected economic growth in the region.
Plot Allocation and Reservation Details
Of the total 973 plots, a substantial 17.5% have been earmarked for farmers whose land was acquired for the Yamuna region's development and the airport project. Additionally, 5% of the plots are reserved for businessmen operating functional industrial units within YEIDA's jurisdiction. This strategic reservation policy underscores the Authority's commitment to inclusive growth and supporting local stakeholders.
Scheme Approval and Application Process
The scheme has received formal approval from UP RERA, ensuring regulatory compliance and transparency. Registrations will commence on Monday via YEIDA's official website, with the application window open until May 6. The allotment of plots will be conducted through a draw system, scheduled for June 18, providing a fair and equitable distribution process.
Plot Categories and Pricing Structure
The plots are located in Sectors 15-C, 18, and 24, with a base price set at Rs 36,260 per square metre. The scheme features a diverse range of plot sizes to cater to various needs:
- 162 square metres: 476 plots
- 183 square metres: 4 plots
- 184 square metres: 4 plots
- 200 square metres: 481 plots
- 223 square metres: 6 plots
- 290 square metres: 2 plots
Notably, park-facing plots and those adjoining green belts will attract a 5% premium, while corner plots will also incur an additional 5% charge, reflecting their enhanced value and desirability.
Financial Requirements and Payment Terms
Applicants are required to deposit 10% of the premium as a registration fee at the time of application. For successful applicants, this amount will be adjusted against the final payment, whereas unsuccessful applicants will receive a full refund. According to the scheme guidelines, the remaining 100% of the premium must be paid within 60 days of the allotment letter issuance, with a provision for a maximum extension of 30 days in specific, justified cases.
Strategic Context and Future Plans
YEIDA CEO RK Singh emphasized that this initiative addresses the rising housing demand in the region, fueled by the recent inauguration of the Noida International Airport by Prime Minister Narendra Modi on March 28. With air services expected to commence soon, the Authority anticipates heightened interest from professionals, investors, and business communities.
Singh further revealed that YEIDA plans to launch two additional residential plot schemes within the next three to four months to meet ongoing demand. The allotment will be on a 90-year lease from the date of lease deed execution, providing long-term security for plot owners.
Long-Term Vision and Regional Impact
Officials stated that this scheme is part of YEIDA's long-term planning to manage future population inflow and expand real estate activity. It reinforces the Yamuna region's position as a key growth corridor in the National Capital Region, operating under an airport-led development model. This approach is expected to stimulate economic activity, enhance infrastructure, and create a sustainable urban ecosystem in the area.
The launch of this residential plot scheme marks a pivotal step in harnessing the potential of the Noida International Airport, transforming the Yamuna Expressway region into a vibrant residential and commercial hub.
