The Yamuna Expressway Industrial Development Authority (YEIDA) has introduced an exciting opportunity for prospective homebuyers with the launch of a new scheme offering 462 built-up multi-storey flats in Sector 22D along the renowned Yamuna Expressway. The scheme operates on a ‘first come, first served’ basis and has garnered interest due to its attractive pricing, ranging between Rs 42 lakh and Rs 43 lakh. The scheme opened on 2 August 2023.
As an additional consideration, the cost of car parking, if allotted via a draw of lots, will incur an extra Rs 1 lakh for each stilt parking space.
Interestingly, the Indian laws forbid developers from sell parking spaces outside the FSI consumed. This has been confirmed by the Supreme Court of India too. Parking spaces are common spaces which belong to the housing society. A state government agency requiring an additional payment for parking space is in contravention to the set norms.
For those interested in exploring this opportunity, the application form and brochure are available on the official website of the Yamuna Expressway Industrial Development Authority at www.yamunaexpresswayauthority.com. The detailed brochure is available for download, and the scheme website (https://yeida.project247.in/) also shows photos and videos of the property.
The flats are located the Yamuna Expressway, offering easy access to several landmarks, including the Eastern Peripheral Expressway, the proposed Film City, and the upcoming Noida International Airport. However, it is important to consider that Sector 22D YEIDA is approximately 22 kilometers from Pari Chowk in Greater Noida and around 43 kilometers from Sector 18, Noida, which may impact commuting distances for potential residents.