In the wake of skyrocketing property prices post-pandemic, a glimmer of hope emerges for homebuyers in Delhi NCR. The Yamuna Express Industrial Development Authority (YEIDA) has announced a groundbreaking initiative – the YEIDA Plot Scheme 2024. This scheme promises to revolutionize the real estate landscape by offering 6,500 new plots across five sectors. For thousands of aspiring homeowners, particularly those in the budget segment, this announcement couldn’t have come at a better time.
Let’s dive deep into the details of this game-changing scheme and explore how it could be your ticket to affordable housing in one of India’s most promising regions.
Understanding YEIDA: The Third City of Gautam Budh Nagar
Before we delve into the specifics of the YEIDA Plot Scheme 2024, it’s crucial to understand the context of YEIDA itself.
Key Facts about YEIDA:
- Location: Third city in Gautam Budh Nagar district, after Noida and Greater Noida
- Total Area: 61,132 acres
- Layout: Spread on both sides of the Yamuna Expressway
- Land Allocation:
- 26% for industrial development
- 19% for residential purposes
- 22% for greenery
- Remaining for common infrastructure
YEIDA’s approach to urban development sets it apart from its neighboring cities. The focus here is on plotted development, with limited options for high-rise buildings. This strategic planning aims to create a more balanced and livable city compared to Noida and Greater Noida.
YEIDA Plot Scheme 2024: A Closer Look
The YEIDA Plot Scheme 2024 is set to offer 6,500 new plots across five sectors. Here’s what you need to know:
Location of Plots:
- Sectors 16, 17, 18, 20, and 22D
- Affordable category options primarily in Sector 22D
- Larger plots planned for Sectors 16, 17, 18, and 20
- Industrial development plots in Sectors 32 and 33
- Institutional development planned for Sector 22E
Plot Sizes and Distribution:
- Majority (6,000) are 30 sqm plots (affordable category)
- 500 plots ranging from 200 sqm to 4,000 sqm
- Options include: 200 sqm, 300 sqm, 500 sqm, 1,000 sqm, 2,000 sqm, and 4,000 sqm
Construction Parameters:
- Floor Area Ratio (FAR): 1.8
- Covered Area: 75% of plot size
- For a 30 sqm plot:
- Total area: 323 sq ft
- Constructible area: 242 sq ft
- Maximum construction limit: 581 sq ft (up to 2.5 floors)
Pricing and Reservation Policy
Pricing:
The YEIDA Plot Scheme 2024 offers competitive pricing, making it an attractive option for many:
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- Basic Selling Price: Approximately Rs. 25,900 per square meter
- Additional Preferential Location Charges (PLCs):
- 5% for corner plots
- 5% for park-facing plots
- 5% for plots facing 18m wide road or wider
For the smallest unit (30 sqm), the starting price is Rs. 7,77,000.
Reservation Policy:
YEIDA has implemented a reservation policy to ensure fair distribution:
- 25% for employees of YEIDA-approved industrial units
- 5% for employees of operational institutions
- 5% for ex-servicemen
- 5% for war widows
- 5% for SC/ST individuals
- 4% for disabled individuals
- 51% for open applicants
How to Apply for YEIDA Plot Scheme 2024
Interested applicants should follow these steps:
- Visit the official YEIDA website: yamunaexpresswayauthority.com
- Look for the scheme announcement on the homepage
- Download the application form (Rs. 500 + 18% GST)
- Alternatively, collect the form from an ICICI Bank branch
- Fill the form completely and accurately
- Prepare a demand draft for 10% of the plot value
- Submit the form and demand draft at the designated bank branch
Important Notes:
- Only one application per person is allowed
- Application is limited to one plot size
- Incorrect or incomplete forms may be rejected
Eligibility Criteria
To be eligible for the YEIDA Plot Scheme 2024, applicants must meet the following criteria:
- Indian citizenship
- Minimum age of 18 years
- No previous benefits received from YEIDA schemes or plots
- For affordable category plots: Annual income less than Rs. 3 lakhs
Required Documents
Applicants should have the following documents ready:
- Updated Aadhaar card
- Passport-sized photographs
- Valid mobile number
- Income tax certificate
- Valid residence certificate
The Allotment Process
YEIDA will use a lottery system for plot allotment:
- First draw: Selection of applicants
- Second draw: Plot location and allotment
Preference in the second draw will be given to:
- Applicants with 100% self-funding
- Applicants with 50% ready payment
- Remaining plots allotted through lottery
Financial Considerations
For a 30 sqm plot priced at Rs. 7,77,000:
- Initial deposit (10%): Rs. 77,000 (via demand draft)
- Next payment: Rs. 1,55,400
- Minimum total required: Rs. 2,32,000
Loan options are available with 10-12% per annum interest, payable in half-yearly EMIs.
Why YEIDA Plot Scheme 2024 Matters
The YEIDA Plot Scheme 2024 is more than just a real estate opportunity; it’s a chance for many to realize their dream of homeownership. Here’s why this scheme is significant:
- Affordability: With plots starting at Rs. 7,77,000, it opens doors for lower middle-class families.
- Strategic Location: Proximity to the upcoming Noida International Airport, set to be Asia’s largest.
- Future Development: The area is poised for significant growth in the next 8-10 years.
- Planned Development: With a focus on plotted development and ample green spaces, YEIDA promises a better quality of life.
- Industrial Growth: The scheme aligns with upcoming industrial and institutional developments, potentially boosting property values.
The YEIDA Plot Scheme 2024 represents a unique opportunity for homebuyers, especially those in the affordable housing segment. With its strategic location, future-focused planning, and competitive pricing, this scheme could be the key to unlocking your dream of homeownership.
As the launch date approaches, stay tuned for more updates. The scheme is expected to go live by the end of July or early August 2024. Don’t miss this chance to be part of one of the most promising real estate developments in the Delhi NCR region.
Call to Action: Are you interested in learning more about the YEIDA Plot Scheme 2024? Stay informed about the latest updates and opportunities. Contact us for personalized assistance and expert guidance. 898-898-6363
Don’t let this opportunity slip away. Your dream home in YEIDA could be just a click away!
The YEIDA Plot Scheme 2024 is an initiative by the Yamuna Express Industrial Development Authority to provide 6,500 new plots across five sectors, aimed at making affordable housing accessible for homebuyers in Delhi NCR.
The plots are located in sectors 16, 17, 18, 20, and 22D, with affordable category options primarily in Sector 22D and larger plots available in other sectors.
The majority of the plots are 30 sqm, with 6,000 such plots available. Additionally, there are 500 larger plots ranging from 200 sqm to 4,000 sqm.
The basic selling price is approximately Rs. 25,900 per square meter, with the starting price for a 30 sqm plot being Rs. 7,77,000.
The reservation policy allocates 25% of plots for employees of YEIDA-approved industrial units, and 5% each for employees of operational institutions, ex-servicemen, war widows, SC/ST individuals, and disabled individuals, with 51% reserved for open applicants.
Interested applicants can apply by visiting the official YEIDA website to download the application form for Rs. 500 + 18% GST, or collect it from an ICICI Bank branch. After filling out the form, they need to prepare a demand draft for 10% of the plot value and submit both at the designated bank branch.
Applicants must be Indian citizens, at least 18 years old, have not previously received benefits from YEIDA schemes, and for affordable category plots, their annual income must be less than Rs. 3 lakhs.
Applicants need an updated Aadhaar card, passport-sized photographs, a valid mobile number, an income tax certificate, and a valid residence certificate.
The allotment will be done through a lottery system, with the first draw for selection of applicants and the second draw for plot location and allotment, prioritizing self-funding applicants.
The scheme is significant as it offers affordable housing options starting at Rs. 7,77,000, is strategically located near the upcoming Noida International Airport, and is designed for future growth and improved quality of life in the region.
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