Recent Updates on YEIDA Scheme 2022
YEIDA (Yamuna Expressway Authority) Plot Scheme Draw Date
The authorities have prolonged the project draw date until December 16, 2022. The date was set for November 15, earlier. By the draw rules, applicants will be assigned plots on a prioritization basis. Priority will be granted to applicants who have selected Option 1 and selected one-time payment plans.
The second priority will be awarded to applicants who choose Option 2 and then those who choose Option 3. Candidates can track their allotment progress via the YEIDA website with only a couple of clicks.
YEIDA to collect dues of Defaulter Companies
In a recent change, authorities from the YEIDA Authority have received a comprehensive outline of the company Jaiprakash Associates for clearing the dues of YEIDA. The dues were accumulated in the wake of a series of land parcels allocated to Jaiprakash Associates.
The move came following the decision of the authorities and cancel the allotment of nearly 1,000 acres due to non-payment of fees such as rent, lease, interest, and other fees.
Jaiprakash Associates was allotted land in 2009 for the development of a city for sports along the Yamuna Expressway. The sports city was constructed as part of the Special Development Zone scheme.
Excited Response to The YEIDA plot Scheme (YEIDA Plot Scheme)
In a recent announcement by the YEIDA authority, It was revealed that for 477 plots that have been rolled through the YEIDA plot scheme, nearly 85,000 people have registered to apply up to the middle of October 2022.
In the scheme, 477 plots are offered in nine sizes ranging that range from 60 sqm to 200 sq meters. The maximum number of 44,349 requests were accepted for 226 plots of 120 sqm in size, while 1,000 applicants have submitted applications for 12 plots in 1000 to 2,000 sqm. (YEIDA Plot Scheme).
YEIDA City (earlier called “Yamuna City”) is an urban greenfield project that is the third city in the Gautam Buddha District, which is located between NOIDA as well as Greater NOIDA – which is being built on a 25,000-ha land space on the Yamuna Expressway in the state of Uttar Pradesh. The city houses an airport called the NOIDA International Airport at Jewar, which is being built as the most prestigious airport in India, as well as the F1 Track (Buddh International Circuit) as well as a sports city and a cricket stadium that is an international and a proposal for India’s biggest Film City.
The city is currently a component of the Delhi National Capital Region (NCR). The city that is emerging is planned to develop using a sector-wise model of development that will have a better and more intelligent infrastructure. The city, when it is built, will enhance the real estate developments in NOIDA as well as Greater NOIDA. (YEIDA Plot Scheme)
Which is YEIDA City Located?
The city is developing within the southern part area of Greater NOIDA in the Gautam Buddha Nagar district, located along the Yamuna Expressway in UP. The township is developing in the vicinity of the Eastern Peripheral-Yamuna Expressway junction along with Jewar Airport. It is 45 kilometers away from Delhi (DND Expressway), 14 kilometers away from Pari Chowk (in Greater NOIDA), 110 km between Mathura and Vrindavan, and 160 kilometers from Agra.
What is the status of the YEIDA Plot Scheme 2022? (YEIDA Plot Scheme)
The authority has finished the construction of sectors 17A, 26A, 26B, and 27B. The projects currently underway in the city also include housing development within Sectors 18, 20, 20, and 22D. They also include mixed land-use developments in sector 13 (primarily for residential use)) and 24 industrial development and industrial development in Sector 32 and 33, Institutional expansion in Sector 22E, and the construction of affordable homes in Sector 22D. The planned construction in the area also comprises two KV 33 Substations and two LIG/MIG houses in Sector 22D.
In addition, Jaypee Group (JPSI) is working on creating Sectors 19 and 22 as commercial and residential areas, as well as the creation of a sports center in Sectors 25 and 26.
Yamuna Expressway Plot Scheme Current Status
To create additional infrastructure projects, the government is currently working on acquiring farms directly or through the policy of land pooling, which was introduced in the state in recent times. As per the policy change, farmers will return 25 percent of their land after the development process and can then make use of it for commercial, industrial or residential use or disposal. (YEIDA Plot Scheme)
Facilities within facilities in the YEIDA City (Yamuna Expressway Plots Scheme) Project
Although Buddh International Circuit (F1 Track) and NOIDA Cricket Stadium (or Tehra Cricket Stadium), which have an estimated capacity of 25000 people, are operational at the Sector 21A facility for sports, The residential development within the city comprises plots that are allocated by the authorities and private developments such as the Gaur Yamuna City along with Ajnara Panorama.
In terms of the layout, the overall area for YEIDA The City covers 24,739 acres. From this, approximately 26% of the area is planned for industrial usage, and 19% is for residential use. The green area covering the city is set to be 5,148 hectares, equivalent to 22 percent coverage. The total area of YEIDA is 2,688 square kilometers.
The authority also has plans for the construction of an MSME cluster with a toys park, furniture park, handicraft park, apparel park, and three hotels within the city with three-star hotels (2.5 acres) and an all-star hotel (5 acres) and five-star hotels (10 acres). Regarding the recreational, religious, and community facilities, YEIDA has granted the land to build three health centers for community use as well as an inter-college for girls. Gaursons Group is in the process of constructing a 108-foot-high sculpture that will be the height of Lord Krishna (India’s highest) in the Gaur Yamuna City, along with a magnificent temple. (YEIDA Plot Scheme)
Private developers have also begun to flock towards the metropolis, providing modern living in several connected townships. They offer a range of services, such as high-rise apartment buildings, luxurious villas, and commercial property.
Important Dates for 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 steps to purchase residential property within the Yamuna Expressway Plot Scheme.
Step 1: Visit the official website of Yamuna Expressway Industrial Development Authority at yamunaexpresswayauthority.com.
Step 2. Log into the portal with your unique credentials. First-time users have to sign-up with this portal and provide basic information such as the father’s name, name, phone number, name as well as email ID, and other property-related information. In addition, you have to submit a handful of essential documents, including your proof of identity and an allotment form.
Step 3. After logging in, Pay the fee for the application in the amount of Rs.500 (excluding GST) on the internet using the payment method you prefer as well as download an application form. The application form is to the right of the screen when you log into the portal.
You can also obtain the application form at the ICICI bank by paying an application fee in the shape of either a demand draft or a pay order at any of the branches nearest to you. The demand draft should be drawn in favor of the ‘Yamuna Expressway Industrial Development Authority and made payable to Noida/New Delhi/Greater Noida.
4. You must provide the necessary documents, which include a passport-sized photo as well as your signatures. (YEIDA Plot Scheme)
5. It is required to submit your form at one of ICICI Bank branches with 10 percent of your registration amount prior to the last day for registration, i.e., October 07, 2022.
Yamuna Expressway Plot Scheme Allotment Process
It is how the Yamuna Expressway Plan scheme (YEIDA Plan Scheme) allotment is in operation.
- The process of selecting an allotment of residential land for the Yamuna Expressway Plot Scheme is dependent on registration and a computer-generated lucky draw.
- A lucky drawing will be held in separate draws for each category that is eligible.
- The first drawing of lots determines the successful applicants The second drawing of the lot is conducted to determine certain plot numbers or flats.
- Candidates who fail to qualify are reimbursed the amount of the registration fee without the cost of interest.
- The first draw of the lot determines the successful applicants The second draw of the lot is used to assign certain plot numbers or flats.
- Candidates who are unsuccessful will receive the amount they paid for registration without fees.
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* |
*Calculated starting on the 46th day of the day of allocation. Interest at 12 percent p.a. in reducing the principal amount at the conclusion of every half-yearly.
Each applicant is required to deposit 10 percent of the total costs of the test prior to making an application in the YEIDA scheme. The scheme is available on the Authority website.
- A one-time or a single payment will be given preference in the allocation of plots.
- The applicants who pay half of the total cost in one go and the remainder in installments will be given second preference. (50:50 ratio)
- The ones who make a one-time payment of 30 percent of the cost and the 70% paid in installments will be given the least priority. (30:70 ratio)
Yamuna Expressway Plan of Plot Demand Drivers
The development of an international airport could bring the region foreign investment, thereby aiding in the creation of jobs and expansion. The location is near the proposed logistic hub of Noida (a Dry port as well as a freight corridor). The site will also allow for the easy transport of raw materials, which will encourage investment from the manufacturing industry. Additionally, the expanding infrastructure of NOIDA, as well as Greater NOIDA, is expected to lead to greater investment in the planned international electronics city as well as a global financial hub that is likely to pop into the township over the next few years.
Below are the top demand drivers for the Yamuna Expressway Plot Scheme 2022 (YEIDA Plot Scheme).
Information for Investors and Homebuyers Planning to invest in YEIDA City
Since the project is still at its beginning of development, buyers or investors will need to wait for several months before they can see the initial results as well as prices rising in the region and the progress of construction of other projects, like those of NOIDA International Airport as well as the Film City project.
YEIDA Plot Scheme 2022 Now gives the option to change the Payment Method
On October 03, 2022, on October 03, 2022, YEIDA ( Yamuna Expressway Industrial Development Authority) announced an update to the guidelines for plots in the program. The modifications are intended to aid bidders who are registered to bid on YEIDA plots that are available for sale. The statistics suggest that 54195 people have purchased brochures for the program, while 31,150 paid the price for the required materials.
Participants who had applied for the plot plan in the past could now alter their payment method in case they win the plot through the lottery. The lottery’s official website changes its payment method and selects its preferred payment method. If a client would like to pay one time, the payment gets added to the prioritized initial draw pool. Beginning on October 03, the CEO will make adjustments to payments in installments.
YEIDA (Yamuna Expressway Authority) Plot 2022 Eligibility Criteria
Check out the eligibility criteria for applicants to the YEIDA Plot Scheme need to be able to meet in order to get approval without hassle.
- The applicant’s age must be at least 18 years old.
- An applicant has to be an Indian citizen.
- The applicant must have no plot or land that is not allocated to them by the Yamuna Expressway Industrial Development Authority.
- Each applicant is able to apply for a plot of land only once.
YEIDA (Yamuna Expressway Authority) Plot Scheme 2022: Preference Location Charges
See below here the details of the PLC (Preference Location Costs) for plots allocated through 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
Yamuna Expressway Authority has recently unveiled a mixed plots scheme within Sector 24 in Greater Noida, UP, with lots of land of more than 4000 sq. Ft. The Authority has decided to concentrate in the main on developing non-polluting industrial units as part of this plan.
Through this Mixed Plot Scheme, YEIDA will lease up to five plots between 40 to 52,000 Sq. Ft. in commercial development with Floor Area Ratios between two and a maximum of. Read on to learn important dates of the YEIDA Mixed Plot Scheme.
YEIDA (Yamuna Expressway Authority) Mixed Plot Scheme: Key Facts
Here are a few key tips to remember while applying to the YEIDA (Yamuna Expressway Authority) Mixed Plot Scheme.
- The processing fee for an application for a YEIDA request amounts to Rs.25,000 (excluding GST)
- Alongside all the required documents, applicants are also required to include GST registration and return information for this Financial Year 2021-22 with the application form.
- The applicants should be sure to apply to the scheme via the YEIDA official website.
- The applicants should verify the information provided prior to making their application or making any payments.
YEIDA (Yamuna Expressway Authority) Mixed Plot Scheme: Important Dates
Check out the dates below for the most important dates for this scheme. YEIDA Mixed Plot Schema.
Find below the important dates of the YEIDA Mixed Plot Scheme.
Stages | Date/Time |
Opening Date | 18th November 2022 |
Closing Date | 19th December 2022 |
Qualified Bidder Announcement Date | 03rd January 2023 |
Qualified Bidder Announcement Time | 05:00 PM |
E-Auction Date | 10th January 2023 |
E-Auction Time | 11:00 AM to 02:00 PM |
Important Takeaways from The Yamuna Expressway Plot Scheme
Here are some things to consider prior to putting your hard-earned cash into projects like YEIDA City (Yamuna Expressway Plot Scheme).
- Purchase a plot or house or else property from the authorities located in YEIDA City. Visit the official website: yamunaexpresswayauthority.com, regularly to keep yourself updated about the launch of any project.
- If you’re buying from a private developer, make an effort to negotiate a deal at a reduced price through an established builder who has an established track history.
- Visit the site and carry out appropriate due diligence on the property by confirming the RERA certificate for the development.
- Consider investing at least a half-decade investment time horizon (5-6 years). Be sure you only invest the money that you have left in the venture. Do not expect massive returns within either a short- or long-term investment time frame.
- Since the construction projects within YEIDA City depend heavily on the timings for the construction of Noida International Airport, Any delays in the construction of any part of the airport could hinder or affect the rate of appreciation in the township’s development.
Frequently asked questions
- What is the cost of residential plots along the Noida-Gr Noida expressway?
The cost of residential plots along the Noida-Gr Noida expressway begins at around Rs 3000 per square foot.
- What can I do to check my property’s location in Noida?
You can visit igrsup.gov.in and find out the details of every plot that is which is registered with the Government.
- How can I submit my application for YEILD plots?
You can apply for YEIDA plots on the yamunaexpresswayauthority.com website.
- How can I verify my YEILD allocation status?
You can check the YEIDA allotment status on the yamunaexpresswayauthority.com website.
- Do I need to invest in YEILD plots?
If you’re planning an investment plan that has a long-term horizon, then you should consider YEIDA plots.