YEIDA Plot Scheme 2023: Eligibility, Process, Payment Schedule and Latest Updates

post

Latest News on YEIDA 2023

YEIDA Authority Launches a New Multi-Storey Housing Scheme; Registration Opens on August 2, 2023 The Yamuna Expressway Industrial Development Authority (YEIDA) has announced a new housing project along Yamuna Expressway, which is good news for people looking for homes there.The recently introduced plan is a multi-story plan that will be made available on a "First Come, First Serve" basis. The recently introduced program will operate out of Sector 22D on the Yamuna Expressway.Only 2 BHK flats are being made available under the scheme, claims the YEIDA. The apartments being offered are unencumbered by any liens. On August 2, 2023, the public will be able to register for the program. There will be no completion date because this program is open-ended. Each floor will be 16 floors plus the height of the stilt.The apartments will be assigned by a random drawing. Through this housing program, the authority hopes to generate rs 194 crore.

YEIDA City: An Introduction to YEIDA Plot Schemes

Greenfield city project YEIDA City (formerly known as "Yamuna City") is being created on the 25,000-hectare land area along the Yamuna Expressway in the state of Uttar Pradesh. It is the third city of the Gautam Buddha District, following NOIDA and Greater NOIDA. In addition to an F1 track (Buddh International Circuit), a sports city, an international cricket stadium, and a proposed India's largest Film City, the city is home to the NOIDA International Airport at Jewar, which is being constructed as India's largest airport. The growing metropolis, which is already a part of the Delhi National Capital Region (NCR), is intended to be developed using a sector-wise development strategy and would have better and more intelligent infrastructure. Once developed, the city will enhance NOIDA and Greater NOIDA's real estate growth.YEIDA Plot Diagram

Where is the YEIDA City Located?

The city is being built in the Gautam Buddha Nagar district, south of Greater NOIDA, along the Yamuna Expressway in Uttar Pradesh. Between the Eastern Peripheral-Yamuna Expressway interchange and Jewar Airport, the township is being built. It's 45 km (through the DND Expressway) from Delhi, 14 km (in Greater NOIDA) from Pari Chowk, 110 km (each) from Mathura and Vrindavan, and 160 km (each) from Agra. [caption id="attachment_8366" align="aligncenter" width="711"]YEIDA YEIDA City Master Plan[/caption]

What is the Current Status of the YEIDA Plot Scheme 2022? (YEIDA Plot Scheme)

Even though the authority has finished developing Sectors 17A, 26A, and 26B, there are still active projects in the city, such as residential development in Sectors 18, 20, and 22D, mixed land use development in Sectors 13 and 24 (which are primarily residential), industrial development in Sectors 32 and 33, institutional development in Sector 22E, and building of affordable homes in Sector 22D. Two 33 KV Sub Stations and LIG/MIG Houses are also part of the region's anticipated construction in Sector 22D. Along with creating residential and commercial sectors in Sectors 19 and 22, Jaypee Group (JPSI) is also building a sports complex in Sectors 25 and 26. [caption id="attachment_8367" align="aligncenter" width="520"]YEIDA Yamuna Expressway Plot Scheme Current Status[/caption] The government is in the process of purchasing land from farmers directly or under the recently implemented land pooling policy in the state in order to build other intended infrastructure. The farmers must give back 25% of their land after development, which they can either use for industrial, commercial, or residential purposes, or sell off, in accordance with the new policy.(YEIDA Plot Diagram). Over 85,000 people have submitted applications for the more than 477 plots that have been made available through the YEIDA plot program as of mid-October 2022, according to a recent announcement by the YEIDA administration. This plan offers around 477 plots in nine distinct sizes, ranging from 60 square meters to 200 square meters. For the 226 120 sq m plots, a maximum of 44,349 applications have been received, while 12 plots with sizes ranging from 1,000 to 2,000 sq m have received applications from 1,000 people.(YEIDA Plot Diagram).

Facilities in the YEIDA City (Yamuna Expressway Plot Scheme) Project

While the 25,000-seat NOIDA Cricket Stadium (or Tehra Cricket Stadium) and Buddh International Circuit (F1 Track) are already open for business in Sector 21A, the residential development in the city consists of both privately developed Gaur Yamuna City and Ajnara Panorama and authority-allocated plots. The overall area of YEIDA City, in terms of plan, is 24,739 hectares. About 26% of this is slated for industrial use, and the remaining 19% is for residential use. 5,148 hectares, or 22% of the city, will be designated as green space. 2,688 sq km is the total area covered by YEIDA.
The administration has also planned three hotels in the city, including a three-star hotel (2.5 acres), a four-star hotel (5 acres), and a five-star hotel (10 acres), as well as an incoming MSME cluster, toy park, furniture park, clothing park, and handicraft park. While YEIDA has approved land for three community health centers and a girls' inter-college in terms of recreational, community, and religious facilities, Gaursons Group is constructing a 108-foot tall statue of Lord Krishna (the tallest in India) along with an opulent temple in its Gaur Yamuna City. YEIDA Plot Diagram Other private developers have also begun to swarm the city, offering a contemporary lifestyle in a number of integrated townships that include high-rise residences, opulent estates, and commercial buildings.

Important Dates of YEIDA Plot Scheme (Yamuna Expressway)

Stages Dates
Start Date of Registration 07th September, 2022
Last Date of Registration 07th October, 2022
Draw Date 16th December, 2022
Refund Date Yet to be Disclosed

Yamuna Expressway Plot Scheme Registration Process (YEIDA Plot Scheme)

Follow these simple steps to buy a Yamuna Expressway Plot Scheme residential property. Step 1: Visit yamunaexpresswayauthority.com to see the Yamuna Expressway Industrial Development Authority's official website. Step 2: Make use of your special credentials to log into the portal. New users must create an account on the portal by entering their name, father's name, mobile number, email address, and a few property-related facts. You must also present a few necessary documents, including your identity evidence and the letter of allocation. Step 3: Once logged in, use your selected payment method to pay the Rs. 500 (excluding GST) application fee online and download the application form. Once you have logged into the portal, you can find the form link on the right side of the screen. By making the application fee payment in the form of a demand draft or a pay order at one of the nearby branches, you may also obtain the application form from the ICICI bank. The demand draft needs to be due in New Delhi/Noida/Greater Noida and made out to "Yamuna Expressway Industrial Development Authority." Step 4: Provide the required documents, including a passport-sized photograph and your signatures. (YEIDA Plot Scheme) Step 5: You must submit the form to one of the ICICI Bank branches with 10 per cent of the registration amount before the last day of registration, i.e. 07th October 2022.

Yamuna Expressway Plot Scheme Allotment Process

The Yamuna Expressway Plot Scheme (YEIDA Plot Scheme) allotment process works.
  • The selection process for the residential plot allotment in the Yamuna Expressway Plot Scheme is based on registration and a manual/computerized lucky draw.
  • The lucky draw will be conducted separately for each eligible category.
  • While the first draw of lots determines successful applicants, the second draw of lots is conducted to allocate specific plot/flat numbers.
  • The unsuccessful candidates are refunded the registration amount submitted without any interest.
  • While the first draw of lots determines successful applicants, the second draw of lots is conducted to allocate specific plot/flat numbers.
  • Unsuccessful candidates will be refunded the registration amount submitted without any interest.

Yamuna Expressway Plot Scheme Payment Schedule

Type of Payment

Break-up of funds

Payment schedule

Registration Money

10%

Deposited with the application form as registration money

Allotment Money

20%

Payable within 45 days from the date of allotment as allotment money

Remaining Money

70%

Payable in Twelve equal half-yearly instalments*

  *based on a principal reduction of 12% per annum at the end of each half-year, starting on the 46th day after the date of allocation. Before submitting an application for the YEIDA scheme on the Authority website, each applicant is required to make a deposit equal to 10% of the total cost of the pilot.
  • Those making a single or one-time payment will get preference during plot allocation.
  • Applicants paying half the total cost once and the rest in instalments will receive second preference. (50:50 ratio)

  • Those making a one-time payment of 30% of the total cost and the rest of the 70% in instalments will receive the least preference. (30:70 ratio)

Latest YEIDA Plot Schemes Announced in 2022-23

The new YEIDA Plot Schemes for 2022–2023, as released by the YEIDA City Authority, are detailed below.

YEIDA Plot Schemes

Application Start Date

Application Close Date

Auction Date

Scheme Codes

Data Centre Park - Noida Sector 28

12th June 2023

17th July 2023

17th July 2023

YEA/INDDC-PARK(2023)-02

Data Centre Park - Noida Sector 28

09th December 2022

25th January 2023

06th February 2023

YEA/INDDC-PARK(2022)-01

Medical Devices Park - Noida Sector 28

08th December 2022

25th January 2023

07th February 2023

YEA/IND-MDP (2022)-02

Educational, health, vocational and religious centres - Noida Sector 18, 20, and 22E

12th December 2022

23rd January 2023

06th February 2023

YEA/INST 2022-2023/01

Yamuna Expressway Plot Scheme Demand Drivers

The inclusion of a future international airport is anticipated to encourage foreign investment in the area, fostering growth and the creation of new jobs. Due to the site's proximity to Noida's projected logistics center (a dry dock and freight corridor), smooth transportation of goods and raw materials will be guaranteed, encouraging investments from manufacturing businesses. Additionally, the intended international electronics city and global financial hub, which are anticipated to be built in the township in the upcoming years, are anticipated to receive more initial investment as a result of the already existing expansion boasts from NOIDA and Greater NOIDA. The main demand-driven factors for the Yamuna Expressway Plot Scheme 2022 (YEIDA Plot Scheme) are listed below.

Advice to Home Buyers and Investors Planning to Invest in the YEIDA City

Homebuyers or investors should wait a few months since the project is still in the early stages of development to see its initial success, price growth in the area, and the progress of neighboring developments like the NOIDA International Airport and Film City.

YEIDA Plot Scheme 2022-23 Now Gives the Option to Change Payment Method

The YEIDA (Yamuna Expressway Industrial Development Authority) announced a revision to the plot program rules on October 3, 2022. The modifications are made in order to help bidders who have signed up to purchase YEIDA plots. According to statistics, 54,195 candidates have purchased program brochures, and 31,150 have made the necessary payment. If a candidate who previously applied for a plot wins the lottery, they can now change their payment method. To amend and select their preferred payment method, they can go to the official website. A consumer will be included to the first draw pool that is prioritized if they want to pay once-free. The CEO will modify payment installments starting on October 3rd.

YEIDA (Yamuna Expressway Authority) Plot Scheme 2022-23: Eligibility Criteria

Find below the eligibility criteria the applicants of the YEIDA Plot Scheme need to meet for hassle-free approval.
  • The applicant’s age should be 18 years or above.
  • The applicant must be an Indian citizen.
  • The applicant should have no plot or flat allotted by the Yamuna Expressway Industrial Development Authority.
  • Each applicant can apply for one plot only.

YEIDA (Yamuna Expressway Authority) Plot Scheme 2022-23: Preference Location Charges

Find below the PLC (Preference Location Charges) for a plot allotted by the Yamuna Expressway Authority Plot Scheme 2022.

Types of PLC

Percentage Charged

Corner Locations

5 per cent

Park facing/green belt location

5 per cent

With 18 metres and more width of the road

5 per cent

Location charges for any single plot

15 per cent

YEIDA (Yamuna Expressway Authority): Mixed Plot Scheme

Greater Noida, Uttar Pradesh's Sector 24 now offers mixed plots with lots measuring more than 40,000 square feet according to a new initiative by the Yamuna Expressway Authority. Under this program, the authority has made the decision to concentrate primarily on developing non-polluting industrial units. The Mixed Plot Scheme allows YEIDA to lease up to five plots totaling 40,000–52,000 square feet to businesses undertaking projects with a maximum Floor Area Ratio of two. For information on the critical YEIDA Mixed Plot Scheme dates, keep reading.

Other News on Yamuna Expressway Plot Scheme

YEIDA Plot Scheme for Medical Devices Park Lucky Draw to be Held on 19th July 2023

July 17, 2023: The opening and closing dates of the YEIDA Plot Scheme for Medical Devices Park were June 12 and July 3, 2023. The YEIDA Authority has set July 19, 2023, as the date for the lucky draw for the program. Sector 28 of the YEIDA Authority region is where the plots covered by the scheme are situated.

According to the project study, plots up to 4,000 square meters will be assigned by a random drawing. Within 60 days of the day the allotment notice was issued, the chosen beneficiaries must pay 30% of the plot's total cost. The 30 percent payment will be modified to reflect the 10% deposit amount. The customer must pay the remaining 70% in 10 equal half-yearly installments. The annual percentage rate of interest will be 10%. Buyers could also be required to pay other extra fees, such as mortgage processing fees, transfer fees, location fees, etc.

YEIDA Authority Extends Data Centre Park Yamune Expressway Plot Scheme Application Date to July 17

July 14, 2023: The Data Center Park Plot Scheme application deadline has been extended by Yamuna Authority to July 17, 2023. Alongside the Yamuna Expressway in Sector 28, the project is being developed. Earlier, the deadline for applying to the plot scheme was July 3, 2023. On June 12th, 2023, the program was first introduced, offering for sale five plots for data centers.

The authority has provided three plots totaling 40,000 square meters and two plots totaling 20,000 square meters under its YEIDA Authority Plot Scheme. One or two applications for each plot were received, according to the authority. However, in order to be eligible for the program, at least three applications must be submitted.

To assist prospective buyers in submitting their bids, the YEIDA Authority has extended the scheme's rollover period by 14 days. Plots of 40,000 square meters can be purchased for between Rs 12,819 and Rs 14,100.90 per square meter. Plots of 20,000 square meters can be purchased for between Rs 14,088 and Rs 15,496.8 per square meter. The Yamuna Expressway plot scheme's electronic auction will be held on July 17, 2023, from 11:00 AM to 2:00 PM.

Yamuna Authority to Launch a New YEIDA Plot Scheme 2023 Near Jewar International Airport Soon

July 13, 2023: The Yamuna Authority in Noida has made the decision to introduce a new YEIDA Plot Scheme close to Jewar International Airport. The RERA (Real Estate Regulation and Development Act) would apply to the residential plot program, the authorities has affirmed. The new YEIDA Plot Scheme 2023 project report has been submitted to RERA for approval. The RERA Authority is anticipated to award the approval shortly.

Under the plan, the YEIDA administration plans to provide both residential and commercial plots. There will be four categories of residential plots available, with sizes ranging from 120 to 300 square meters. 1351 plots will be made available by the authority in a variety of Yamuna City sectors, including Sectors 16, 17, 18, 20, and 24. 17.5 percent of all YEIDA Scheme plots would be set aside for farmers whose land parcels were purchased for the scheme's construction. A chance draw rather than an online auction will be used to assign plots under the YEIDA Scheme. To enter the lucky draw, applicants must make a certain minimum deposit. The assignment rate for these plots has been established by YEIDA Authority at Rs. 24,600 per sq. mt.

A One-time Settlement Scheme Introduced for YEIDA Plot Scheme Allottees to Clear their Dues

June 27, 2023: For property allottees who have not completed their financial obligations, YEIDA Authority has decided to establish a one-time payment mechanism. For the fourth time, the authorities is allowing YEIDA Plot Scheme allotees to make a payment in order to avoid having their plots annulled. Beginning on August 1st, 2023, the process for this one-time settlement plan will begin. With 9812 regular allottees, the authority has covered 15,000 allottees, including around 5,000 farmer allottees who have 7% of the total flats. The plan will run for a whole month. To make it easier for these allottees to pay off their debts, YEIDA Authority has decided to waive the panel interest for them. The authority is owed a total of around Rs. 4439 crore by the defaulter allottees. The defaulters who must pay less than Rs. 50 lakh have been given 60 days by the authority. The time frame is 90 days for defaulters who must pay more than Rs. 50 lakh. They will receive notification by letter if their plots are cancelled if they are unable to make the payment this time.

Key Takeaways on the Yamuna Expressway Plot Scheme

  • Below are a few things to consider before investing your hard-earned money in YEIDA City (Yamuna Expressway Plot Scheme) projects.
  • If at all possible, purchase a home, a parcel of land, or any other property directly from the YEIDA City government. Regularly check the official website, yamunaexpresswayauthority.com, to stay informed about the beginning of any project.
  • Even if you are purchasing from a private developer, attempt to negotiate a price reduction with a reputable builder that has a solid reputation.
  • Visit the location and carry out the necessary due diligence on the property while verifying the project's RERA accreditation.
  • Make an investment with a minimum investment horizon of five to six years, and make sure to put only your spare cash into the project. Avoid aiming for excessive returns when making short- or medium-term investments.
  • Any delay in the development of any phase of the Noida International Airport could have an impact on or impede the price appreciation in the growing township because YEIDA City projects are highly dependent on the schedules of the airport's construction
  Also Read: Dwarka expressway route construction details and status