Now Reading: YEIDA Plans October Plot Schemes Near Noida Airport
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YEIDA Plans October Plot Schemes Near Noida Airport
The Yamuna Expressway Industrial Development Authority plans to launch two residential plot schemes in Sector 5-A near Noida International Airport during Navratri in October. One scheme will offer 40-square-metre plots for the…
The Story in Brief
The Yamuna Expressway Industrial Development Authority plans to launch two residential plot schemes in Sector 5-A near Noida International Airport during Navratri in October. One scheme will offer 40-square-metre plots for the low-income group, while the other will offer plots ranging from 162 to 300 square metres to the general public. YEIDA is considering a rule barring applicants who have already received plots under any earlier Noida Authority, Greater Noida Authority or YEIDA scheme.
The authority is still finalising the number of plots and other details, additional CEO Shailendra Bhatia said. The allotment rate in residential sectors is Rs 36,260 per square metre. In June, YEIDA allotted 973 plots after receiving 1,10,034 valid applications.
The Indian Opinion
The airport has encouraged a rush to treat every nearby plot as a guaranteed investment, while some critics may dismiss the scheme as another speculative sale. Neither view is supported yet. Demand was strong in the last draw, but prices, eligibility and the final supply will decide access and value. The practical test is whether YEIDA publishes enough plots and clear allotment rules before applications open.
Source: realty.economictimes.indiatimes.com
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