What is the 451 scheme of YEIDA?
Overview of the 451 Scheme of YEIDA
The 451 scheme of the Yamuna Expressway Industrial Development Authority (YEIDA) refers to a residential plot scheme launched by YEIDA, which offers a total of 451 residential plots located in Sector 24A, near the upcoming Noida International Airport. Yamuna Authority Plots Resale This scheme was introduced to address the growing demand for housing in this rapidly developing area.
Key Details of the Scheme
Launch and Application Period:
The scheme was officially launched on October 31, 2024, with applications open until November 30, 2024.
Draw Date:
The draw for allotting these plots is scheduled for December 27, 2024.
Plot Sizes and Pricing:
The available plots come in various sizes: 120 square meters (sqm), 162 sqm, 200 sqm, 250 sqm, and 260 sqm.
The pricing for these plots is set at ₹25,900 per square meter, making it an attractive investment opportunity given the proximity to significant infrastructure developments like the Noida International Airport.
Demand and Applications:
This scheme has garnered substantial interest, with approximately 1.12 lakh applications submitted for just 451 plots, indicating a high demand for residential Yamuna Expressway Plots properties in this area.
Eligibility Criteria:
Applicants must be Indian citizens or Non-Resident Indians (NRIs) aged at least 18 years.
Individuals who already own a residential plot or flat under any previous YEIDA Plots Schemes are not eligible to apply.
Each family can only apply for one plot under this scheme.
Allotment Process:
The allotment will be conducted through a transparent draw process where names will be drawn randomly from slips.
Separate draws will be held for different categories of YEIDA Plots Resale applicants to ensure fairness.
Location Charges:
Additional charges may apply based on the location of the plot; for instance, corner plots or those facing parks may incur preferential location charges.
Construction Timeline:
Successful allottees are required to complete construction within three years from the date of lease execution and obtain an occupancy certificate from YEIDA.
Refund Policy:
Unsuccessful applicants will have their registration fees refunded without interest if they do not secure a plot.
Yamuna Authority Plots
The YEIDA’s 451 scheme represents a significant opportunity for potential homebuyers and investors looking to capitalize on real estate developments near the Noida International Airport. With its strategic location and competitive pricing, it aims to meet the increasing housing demands in this burgeoning urban hub.