YEIDA floats fresh residential plot scheme near Jewar Airport

News Yamuna Expressway

In order to add a thrust to the areas near Yamuna expressway and Jewar Airport, the Yamuna Authority (YEIDA) has floated a new scheme under which they will sale over 1000 residential plots in these particular areas. The scheme was announced on October 9 just a day after the state government approved the social impact assessment report (SIA) of the proposed International Airport at Jewar.

Giving more information on the scheme, a senior authority official said, “Interested buyers can apply online for the scheme from October 11, while the brochures will be available from October 15. The plots are located in sectors 18, 19, 20, 22A, 22C and 22D.”

He further said that the plots will be available in various configurations ranging from 120 and 500 square meters. The buyers will get the possession of these residential plots after two years.

“All these plots enjoy smooth connectivity to the other NCR areas and most importantly, the proposed International airport is just 5-7 km away from the sectors. It means that investing here will prove fruitful as in future when the airport will start its operation, the land prices, as well as the real estate market, will boost a lot and hence will offer good ROI too.” Official added.

The online application process would start on October 11 and goes till November 10. The allotment would be done through a lucky draw that will be held on December 21.  Property buyers can also visit the branches of HDFC Bank and ICICI Bank to know more about the scheme from October 15.

The authority has also made it clear while announcing the scheme that only individual buyers can apply for plots under this scheme. Real estate developers and multi-property owners are not eligible for the same. Those buyers who have been allotted plots by the YEIDA earlier cannot apply in this scheme.

While the rate of these plots is fixed at Rs 15,600 per, buyers are provided with the option to make the payment in one time or go for paying in EMIs.