Yeida to offer 6,500 under affordable housing scheme


Yeida Plans to Launch Affordable Housing Scheme Near Noida International Airport

The Yamuna Expressway Industrial Development Authority (Yeida) is set to launch a new affordable housing scheme, offering 6,500 residential plots near the Noida International Airport. This initiative aims to provide an opportunity for the lower middle class to build homes in a rapidly developing area.

Key Details of the Housing Scheme:

1. Plot Sizes and Pricing:
   - Small Plots: 6,000 plots of 30 square meters each, priced around Rs 8 lakh per plot.
   - Larger Plots: 500 plots ranging from 200 to 4,000 square meters, with rates approximately Rs 24,000 per square meter.

2. Location:
   - The plots will be available in sectors 17, 18, and 20, where Yeida had previously launched a plot scheme in 2008-09.

Addressing Past Issues:

Yeida officials are working to resolve past issues related to land possession in these sectors. Some farmers had refused to give up their land, resulting in writs filed in the Allahabad High Court, which delayed possession for several allottees. Yeida is actively resolving these disputes and has assured that the land for the new scheme is free from any such issues.

Launch Timeline and Allotment Process:

The scheme is expected to be launched in June or July, once all formalities are completed. All plot sizes will be allotted through a lucky draw, ensuring a fair and transparent process for all applicants.

This initiative is a significant step towards providing affordable housing options near the Noida International Airport, addressing the needs of the lower middle class, and contributing to the region's development.

For more details and updates on the scheme, stay tuned to official announcements from Yeida.

Also Read: Noida Authority sells 149 plots in FY24, gets Rs 1.03 lakh crore of investment commitments

Frequently Asked Questions

Ans 1. YEIDA Plots Scheme 2024 The Yamuna Expressway Industrial Development Authority (YEIDA) has unveiled its latest initiative, the YEIDA Plot Scheme 2024, focusing on the sale of 1,184 residential plots strategically located across three sectors along the expressway

Ans 2. YEIDA Mixed Plot Scheme 2024 The YEIDA Mixed Plot Scheme for 2024 offers a range of mixed-use plots in Sector 24, Greater Noida, with various sizes and amenities. The scheme was launched on January 1, 2024 until January 22, 2024.

Ans 3. Any seller can sale his property for whom possession is not given (For unregistered Plots). It doesn't matter if lease is done or not. The seller has to do registered agreement to sale (with 2% stamp papers) and transfer can be done. It is very easy process.

Ans 4. Ans. Yes Farmers Quota Plots is fully safe if kisan got the plot allotted from Authority and the registry is done. Once the plots are registered in favor of kisan then you may buy the plots without any risk from Farmer and you can get the registry transfer in your favor.

Ans 5. The Yamuna Expressway Industrial Development Authority (YEIDA) declared its fiscal year 2024-25 budget worth Rs. 10,000 crore. This budget sets provisions for the forthcoming infrastructure developments in the region, such as Noida Airport and Rapid Rail.