Yeida to offer 6,500 under affordable housing scheme

These plots will be available in sectors such as 17, 18 and 20.

May 23, 2024: The Yamuna Expressway Industrial Development Authority (Yeida) is planning to launch an affordable housing scheme offering 6,500 residential plots near the Noida International Airport, authority officials said as cited in reports. A total of 6,000 plots will be of 30 square metre (sqm) and each may have a price of around Rs 8 lakh, officials said. The pricing of these plots offers an opportunity for the lower middle class to construct houses near the airport.

Yeida said it will launch the scheme after the model code of conduct notification is lifted next month as cited in a Hindustan Times report.

In addition to the 6,000 plots of 30 sqm, 500 plots of size ranging from 200 sqm and 4000 sqm for residential use will be available under the scheme. The rates of bigger size plots will be around Rs 24,000 per sqm, said officials as per the report. These plots will be available in sectors such as 17, 18 and 20, where the authority had earlier launched a plot scheme in 2008-09. However, Yeida is yet to give possession to several allottees in these sectors because some farmers refused to give up their land for the development of housing schemes. They filed writs in the Allahabad High Court affecting the residential plot scheme, said officials as per the report. Yeida officials said they are resolving the issues of farmers, and offering possession to allottees. Yeida said the land for the new scheme to be launched next month is free from all dispute and the possession of plots will be offered after the allotment is done, it said.

As per report, Yeida may launch the scheme in June or July once the formalities related to the scheme are completed. The plots of all sizes will be allotted through a lucky draw after all applications are received as per the laid down norms.

 

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