YEIDA’s New Residential Plot Scheme Near Jewar Airport
The Yamuna Expressway Industrial Development Authority (YEIDA) has introduced a new residential plot scheme in Sector 24A, near the Jewar Airport. This scheme offers 451 plots of various sizes, ranging from 120 to 260 square meters. The application window closes on November 30, with allotment decided by a draw on December 27.
Plot Details and Booking
The plots are registered under RERA, and the booking amount varies from Rs 3,10,800 to Rs 6,73,400, depending on the plot size. The plots are categorized, with 17.5% reserved for farmers and 82.5% for the general category. Registration fees differ based on plot size and category, with special rates for SC/ST applicants.
Additional Charges and Reservation Policy
Location-based preference charges apply, with park-facing, corner plots, or those on roads wider than 18 meters incurring a 5% premium per feature, up to 15%. A reservation policy reserves 22.5% of plots for displaced farmers, industrial units, and individuals with disabilities. The land premium rate is set at Rs 25,900 per square meter.
Payment and Lease Details
Full payment is required within 60 days of allotment, with extensions available. A 90-year lease is offered, with a one-time lease rent of 10% of the total plot cost. Applicants can apply for only one plot, and multiple applications or existing ownership in other YEIDA schemes will lead to disqualification.
Construction and Allotment
Successful applicants will receive plots on an “as-is-where-is” basis, and construction must start within three years of the lease deed execution, with possible extensions at an extra cost. This scheme presents a great opportunity for those looking for residential plots in the developing Yamuna Expressway area.
Doubts Revealed
YEIDA -: YEIDA stands for Yamuna Expressway Industrial Development Authority. It is an organization responsible for developing areas around the Yamuna Expressway, which is a long road connecting Delhi and Agra.
Jewar Airport -: Jewar Airport is a new airport being built near the town of Jewar in Uttar Pradesh, India. It is expected to be one of the largest airports in India once completed.
Residential plot scheme -: A residential plot scheme is a plan where people can buy land to build their homes. In this case, YEIDA is offering plots of land for people to purchase near Jewar Airport.
Sector 24A -: Sector 24A is a specific area or section near Jewar Airport where the residential plots are being offered. It is like a neighborhood or locality.
90-year lease -: A 90-year lease means that when you get a plot, you can use it for 90 years. After that, you might need to renew the lease or give the land back.
Allotment by draw -: Allotment by draw means that the plots will be given to people through a lottery system. This is done to ensure fairness, as many people might want the same plot.