What is Option 1 in the YEIDA Plot Scheme?

Understanding Option 1 in the YEIDA Plot Scheme

The YEIDA Plot Scheme offers various payment options to facilitate applicants in acquiring residential plots. Yamuna Authority Plots Among these options, Option 1 is designed for those who prefer to make a one-time payment.

Details of Option 1
Payment Structure:

Under Option 1, the applicant is required to pay 100% of the total premium for the plot.
This includes the registration fee and any applicable charges.

Payment Timeline:

The full payment must be made within 60 days from the date of issuance of the allotment letter.
This means that once an applicant receives their allotment letter, they have a limited time frame to complete their payment.

Advantages:

Choosing this option may provide certain advantages during the allotment process, as it typically gives preference over other payment plans.
It simplifies the transaction by eliminating future installment payments and associated interest rates.

Eligibility for Preference:

Applicants opting for this method are often given priority in the draw of lots compared to those who choose installment plans.
Refund Policy:

If an applicant does not secure a plot through this option, they will receive a refund of their registration amount without interest if they withdraw before specific deadlines.

Option 1 in the YEIDA Plot Scheme requires applicants to pay the entire plot premium upfront within 60 days after receiving their allotment letter, Yamuna Expressway Plots making it a straightforward choice for those who can afford immediate payment and wish to avoid future financial commitments related to installments.