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YEIDA has invited applications for allotment of residential plots to be developed near the Yamuna Expressway.
Yamuna Expressway Authority Plots Scheme Diwali 2024
YEIDA Plot Scheme Diwali 2024: The Yamuna Expressway Industrial Development Authority (YEIDA) has rolled out a new residential plot scheme on Diwali 2024. The scheme offers 821 plots, located close to the upcoming Noida International Airport.
YEIDA has invited applications for allotment of residential plots to be developed on the land under the possession of YEIDA along the Yamuna Expressway.
YEIDA Plot Scheme Diwali Dates and Details
Application Period
The application window for the YEIDA Plot Scheme started on October 31, 2024, and it will close on November 30, 2024.
Draw Date
The plot allotment draw will be held on December 27, 2024.
Plot Sizes and Availability
The scheme offers plots in four sizes: 120 sqm, 162 sqm, 200 sqm, and for the first time, 250 sqm.
Location
The proposed site is in Sector – 24A of YEIDA in Greater Noida. The land on which the plots would be developed has been acquired by the authority.
YEIDA Plot Scheme Diwali 2024 Price
The rate of the land in residential plots under this scheme is Rs 25900 per sq. metre
All payments can be made online on the website ofYamunaAuthority i.e.www.yamunaexpresswayauthority.com /Online Property accounts system through payment gateway. No offline payment will be accepted.
Preference Location Charges (PLC)
1. Park Facing/Green Belt location charges will be 5% of the premium.
2. Corner location charges will be 5% of the premium.
3. If the width of the road is 18mtr or more, the location charges will be 5% of the premium.
4. The maximum location charge for any single plot shall not be more than 15% of the premium.
Allotment Process
(i) The allotment shall be through the draw of lots of plot numbers
(ii) Draw shall be undertaken for each category separately
Adjustment/Refund Of Registration Amount
(i) In the case of successful applicants, the registration money shall be adjusted against the total payable premium of the plot.
(ii) In the case of unsuccessful applicants, the registration money shall be refunded without any interest, if the period of deposit of such registration money with the authority is less than one year from the date of draw. However, if the period of deposit is more than one year, the prevailing simple interest rate of saving A/c in SBI shall be paid for the period of deposit exceeding 1(one) year.
Payment Options
100% of the total premium (including the registration fee) is to be paid within 60 days from the date of issue of the allotment letter and GST additional if applicable.
Period Of Lease And Lease Rent
(i) Allotment of plot to allottee shall be done on lease for 90 years from the date of lease deed.
(ii) The allotment of the plot will be given to the allottee on a lease of 90 years and lease rent shall be payable at one time in a lump sum at the rate of 10% of the total cost of the plot before execution of the lease deed.
The plots will be allocated and accepted by the Allottee on “As-is Where-is basis” unconditionally.
Documentation Charges
The cost and expenses of preparation, registering the legal documents including the cost of stamp paper and all other incidental expenses will be borne by the allottee. They will also pay any other duty or charges that may be levied upon them by any authority empowered on this behalf. Documentation charges will not be refunded by the authority.
