The Yamuna Expressway Industrial Development Authority (YEIDA) has launched a new residential plot scheme for sale of over 350 residential plots in four sectors near the forthcoming Noida International Airport. The new scheme includes around 361 plots of varying sizes, with registrations open until August 5. Allotments will be determined through a lucky draw in September.
The scheme follows a similar successful initiative in October 2023, when YEIDA offered 1,184 residential plots in sectors 16, 17, and 20. That draw saw overwhelming interest, with 1.4 lakh applicants.
Plot Locations and Sizes
The new scheme offers plots in sectors 16, 18, 20, and 22D, strategically located adjacent to the Yamuna Expressway, which links Greater Noida with Agra and Mathura. These sectors are also near the Eastern Peripheral Expressway (EPE), the proposed Film City, and the upcoming Noida International Airport, making them highly attractive for potential buyers.
The plots are available in seven different categories, ranging from mid-size plots of 120 square metres (sq m) and 200 sq m to larger plots of 500 sq m to 4,000 sq m. Specifically, the Authority is offering:
- 84 plots of 120 sq m
- 77 plots of 162 sq m
- 3 plots of 200 sq m
- 40 plots of 500 sq m
- 18 plots of 1000 sq m
- 8 plots of 4000 sq m
- 131 plots of 300 sq m
Pricing and Revenue
The plots are priced at Rs 25,900 per square metre. Accordingly, a 120 sq m plot will cost Rs 31.08 lakh, while a 162 sq m plot is priced at Rs 41.95 lakh. Mid-size plots of 200 sq m, 300 sq m, and 500 sq m are priced at approximately Rs 51.8 lakh, Rs 77.7 lakh, and Rs 1.29 crore respectively. The larger plots of 1000 sq m and 4000 sq m will cost around Rs 2.59 crore and Rs 10.36 crore, excluding preferred location charges and taxes.
YEIDA aims to generate a revenue of Rs 343.04 crore from this scheme, reflecting the significant interest in the region’s rapid development and the strategic importance of the upcoming Noida International Airport.
This new initiative by YEIDA is expected to meet the growing demand for residential properties in the fast-developing region, offering a lucrative opportunity for investors and residents alike.