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A number of site ideas for residential, commercial, and industrial ecosystems have been introduced thanks in large part to the Yamuna Expressway Industrial Development Authority (YEIDA). The most recent YEIDA plot schemes 2023 will give applicants more payment options. Continue reading to learn more about the newest developments about new plans and plots by the Yamuna Expressway Authority.
The Yamuna Expressway Industrial Development Authority (YEIDA), also known as the Yamuna Expressway Authority, has been trying to develop the areas next to the highway. The authorities are rumoured to develop a cooperative dwelling program and establish flexible payment schedules for the next YEIDA plot schemes 2023, taking into account the Expressway’s strategic importance. To learn more about them, keep reading.
Upcoming YEIDA Scheme Plots from the Yamuna Expressway Authority (June 2023)
With its newest plot schemes, the Yamuna Expressway Authority is prepared to attract investors. In an effort to increase the popularity of non-residential plots, YEIDA has made interesting announcements for June 2023 regarding the Medical Devices Park, Data Center Park, and Institutional Plots. Investors have a wide range of alternatives to explore and profit from with these schemes.
YEIDA Plot Schemes 2023:
Medical Devices Park:
- Scheme Code: YEA/IND-MDP (2023)-03
- Sector: 28
- Number of Plots: 49
- Starting Date: 12-Jun-23
- Closing Date: 3-Jul-23
- Auction Date: 19-Jul-23
Data Centre Park:
- Scheme Code: YEA/INDDC-PARK(2023)-02
- Sector: 28
- Number of Plots: 5
- Starting Date: 12-Jun-23
- Closing Date: 3-Jul-23
- Auction Date: 19-Jul-23
Institutional Plots:
- Scheme Code: YEA/INST 2023-2024/01
- Sectors: 18, 20, and 22E
- Number of Plots: 11
- Starting Date: 10-Jun-23
- Closing Date: 1-Jul-23
- Auction Date: Yet to be announced
Exciting progress is being made on the much-anticipated YEIDA group home project in Yamuna Expressway Sector 22D. The administration intends to put three sites with sizes between 45,000 and 60,000 square meters up for auction. This project will be a crucial turning point for the Yamuna Expressway Authority after a ten-year break. Due to the impending Jewar Airport, demand has increased, which has sped up its development. In addition, subject to required clearances, similar housing projects are anticipated in sectors 22A and 25 soon.
But there’s more! Seven commercial plots are expected in Sectors 29, 32, and 33 of the Yamuna Expressway zone, thus the authorities has more in store. In order to supplement the approved group housing project, YEIDA anticipates that the combined earnings from these commercial programs will be over Rs 500 crore.
With the impending flatted manufacturing project next to the Jewar Airport, entrepreneurs will also be in for a treat. Since these factories are anticipated to be operational within the upcoming 12 months, aspiring business owners need not worry about significant investments. On sites in Sectors 28 (20,000 sq m), Sectors 29 (18,000 sq m), and Sectors 33 (20,000 sq m) of the Yamuna Expressway, flatted factories are planned to be built. In each sector, 100 factories with four stories each are to be built as part of the plan. Similar flattened factory plans are projected for Sectors 32 and 33 of the Yamuna Expressway after the initial plan is finished.
The Yamuna Expressway Authority is prepared to develop vibrant and dynamic areas for businesses and investors alike with such a wide range of exciting and promising plans in the works. The authority’s positive view for the area is further supported by the growth trajectory linked to the Jewar Airport. Potential investors can look forward to the introduction of new plans for specific residential plots, businesses, gas stations, milk booths, and vending zones as opportunities abound. As the authority continues to clear the way for development and wealth, the future of the Yamuna Expressway is bright.
2023 YEIDA OTS Policy
The fourth iteration of the eagerly awaited One-Time Settlement (OTS) Policy, set to begin on August 1, 2023, is about to be introduced by the Yamuna Expressway (YEIDA). With this tactical measure, the problem of defaulters will be addressed, and the unpaid sums that have been spread among several YEIDA plot projects will be recovered. Using the OTS Policy, defaulters will have a fantastic chance to restore their payment history and prevent the loss of their assets.
Defaulters will have a month-long opportunity to pay off their debts by making both the default payment and the necessary instalments. The waiver of penalty interest is the centerpiece of this program, providing those who may have experienced financial failures with a new beginning.
Three times before, YEIDA successfully executed the OTS scheme. The full sum must be paid for allottees with debts of up to Rs 50 lakh within 60 days of the demand letter’s delivery. The deadline is extended to 90 days for people whose debts are greater than Rs 50 lakh.
Over 10,300 defaulter allottees from a variety of plot schemes were detected by YEIDA earlier this year. They jointly owe the authority a sizeable amount of money totalling about Rs 4,400 crore. In response, the board made the decision to implement the OTS system in order to simplify defaulters’ payments while preserving their ownership of the properties. The prior OTS policy gave defaulters a short window of time to pay their debts and find a solution, and it was in effect from March 1, 2023, to March 31, 2023.
The default allotment money was multiplied by a premium on future installments that would be due in order to determine the defaulting amount. Thanks to the OTS policy, defaulters had the opportunity to settle their accounts without facing extra fees. Fortunately, the penalty interest on the default money was waived. According to the most recent OTS policy, the timeframe for paying the debts stays the same.
The Yamuna Expressway Authority underlines its dedication to assisting allottees during difficult financial circumstances with the impending OTS Policy in August. This program aligns with the authority’s goal of promoting prudent financial behavior and offers defaulters a new chance to reclaim ownership of their properties.
The Yamuna Expressway Authority continues to show its commitment to providing openness, accountability, and equitable solutions for all stakeholders as the OTS scheme is ready for its fourth iteration. The authority’s progressive approach to managing plot plans and building a vibrant and safe real estate ecosystem is demonstrated by the success of prior OTS initiatives.
What is the YEIDA OTS application process?
If you are a YEIDA allottee seeking to benefit from the One-Time Settlement (OTS) program, adhere to the simple steps in this article to quickly apply and establish regular payment status:
To start, go to the official website.
Gain access to OTS:
Redirect to New Page:
Login for Registered Users:
New Registration:
Enter Basic Information:
Verify Your Identity:
OTP Verification:
View Payable Amount:
Determine the Due Amount:
Provide Bank Receipts:
Select a payment Gateway:
Make the Payment:
Note: Prospective applicants may also follow the procedure by seeing a video that the Yamuna Expressway Authority has posted online.
You may quickly apply for the YEIDA OTS scheme and make sure your payment status is in order by following these easy steps. The One-Time Settlement provides allottees with an important chance to protect their properties and regularize their payments without having to pay any further penalty interest. Don’t pass up this opportunity to settle any outstanding debts and take advantage of hassle-free ownership in the Yamuna Expressway area.
Plans from YEIDA for 2023.
The Yamuna Expressway Authority launched mixed-use land plot schemes in November 2022 as a follow-up to the well-received YEIDA Plot Scheme 2022. Investors were anxiously anticipating the chance to purchase plots in the many industries governed by YEIDA, which created a high level of anticipation. The authority employed a novel strategy by holding electronic auctions for these highly sought-after plots, which improved the process’s convenience and effectiveness.
Let’s examine the specifics of the 2023 YEIDA plan schemes:
Medical Devices Park Scheme (Scheme Code: YEA/IND-MDP (2022)-02)
- Sector: 28
- Starting Date: 8th December 2022
- Closing Date: 28th February 2023
- Qualified Bidders Publishing Date: 21st March 2023
- Auction Date: 27th March 2023
Data Centre Park Scheme (Scheme Code: YEA/INDDC-PARK(2022)-01)
- Sector: 28
- Starting Date: 9th December 2022
- Closing Date: 28th February 2023
- Qualified Bidders Publishing Date: 17th March 2023
- Auction Date: 21st March 2023
Educational, Health, Vocational, and Religious Centres Scheme (Scheme Code: YEA/INST 2022-2023/01)
- Sectors: 18, 20, and 22E
- Starting Date: 12th December 2022
- Closing Date: 28th February 2023
- Qualified Bidders Publishing Date: 20th March 2023
- Auction Date: 24th March 2023
Source: Yamuna Expressway Authority Official Website
The long-awaited YEIDA Medical Device Park Scheme 2022–23 results have been made public on the YEIDA website. The successful applicants began an exciting journey with the distribution of allotment letters during the first phase of the Medical Device Park (MDP). Additionally, between March 20 and March 27, 2023, allotment letters for plots in the industrial, toy, and apparel parks were distributed. The registration process for these lucky allottees’ individual plots must be completed within the next six months, securing their stake in the vibrant world of YEIDA.
Once more, the Yamuna Expressway Authority has proven its dedication to supporting smooth transactions and fostering prospects for regional growth and development. In order to establish itself as a beacon of opportunity in the real estate industry, YEIDA continues to create success and prosperity as investors and stakeholders eagerly welcome the results of these plot projects.
Important Dates for the 2022–2023 Yamuna Expressway Industrial Development Authority (YEIDA) Mixed Land Use Plot Scheme
The Yamuna Expressway Industrial Development Authority (YEIDA) stepped into new terrain following the tremendous success of the residential plot program and introduced a compelling mixed land use plot scheme on November 18, 2022. The main objective of the plan is to distribute large land parcels in Sector-24 in Greater Noida, each covering more than 40,000 square meters. The authority seeks to construct non-polluting industrial units that successfully combine business partnerships with industry as their primary activity, with a special focus on supporting sustainable development. The authority has generously granted the lucky allottees a generous Floor Area Ratio (FAR) of up to two in order to promote expansion and enable construction.
Let’s examine the timeframe for this ground-breaking mixed-use plot concept in more detail:
· Date of Program Launch:
November 18, 2022 The gates were opened on this historic day to eager investors and businesspeople hoping to capture their piece of Greater Noida’s growth narrative. The launch of the program signaled the start of an exciting opportunity for potential allocators.
· Scheme closing Date:
December 19, 2022 The program’s closing date marked the end of applications after an exciting month of chances. The time for prospective bidders to evaluate the prospects of these land parcels and submit their offers was considerable.
· Qualified Bidder Announcement Date:
January 3, 2023 The qualified bidders’ identities were proudly made public on this day, having satisfactorily completed the requirements and secured a spot in the scheme’s next stage.
· 5:00 PM is the announcement time.
At 5:00 PM, YEIDA formally announced the eligible bidders, preparing the scene for the upcoming e-auction while the evening sky created a painting of expectation.
· E-Auction date:
January 10, 2023 The eagerly anticipated date has come! On this day, bidders competed in the online auction in an effort to win the coveted property lots, bringing the digital world to life with vigor and enthusiasm.
· E-Auction hours are 11:00 AM to 2:00 PM.
The virtual gavel dropped between 11:00 AM and 2:00 PM as bidders participated in a fierce struggle to get their desired plots. The program gained a modern touch because to this dynamic e-auction procedure, which also made it accessible to all stakeholders.
As the mixed-use plot plan came into being, YEIDA continued to open up new vistas, support development, and give visionaries the tools they need to mold Greater Noida’s future. The key dates of the design represent a critical turning point in YEIDA’s dedication to strategic and sustainable growth, supporting its position as a leading authority in the fields of real estate and urban planning.
Results of the lottery draw for the Yamuna Expressway Authority (YEIDA) Plot Scheme 2022
On December 16, 2022, starting at 10 AM, Facebook and YouTube streamed live the lottery draw results of the plot allotment of the Yamuna Expressway Industrial Development Authority (YEIDA) Plot Scheme 2022 (Scheme no: RPS-06/2022). Due to the large number of candidates, the Yamuna Expressway Authority randomly selected just 2% of the applicants for interviews, and on December 14, 2022, it revealed the list of those selected. On the official website, the whole results list is available. The candidates can do a search for the outcomes using their form number.
The YEIDA plot project 2022 is thought to have shattered all previous records of the authority’s schemes to date because Yamuna Expressway is one of the sought-after investment locations in NCR. Over 85,000 applications were submitted for 477 residential plots during the application process, which concluded on October 14, 2022.
The 226 plots, each measuring 120 square meters, garnered more than 44,000 applications, according to officials, making them the most in-demand sector. Following this, over 11,500 applications for 300 square meter plots, over 7,700 for 90 square meters, over 4,000 plus for 160 square meters, over 3,100 for 60 square meters, over 1,100 for 200 square meters, 800 for 1,000 square meters, over 750 for 500 square meters, and more were submitted.
Notably, YEIDA’s most recent plot scheme was unveiled after a comparable scheme had been floated from December 2021 to January 2022 for approximately eight months. Now, the residential site sizes range from 60 square meters to 2,000 square meters. A total of 262 of these plots are offered in 120 square meters, followed by 67 in 200, 56 in 300, 40 in 162, 19 in 90, and 16 in 60 square meters. Sectors 16, 17A, 18, 20, and 22D contain the plots.
Although the Yamuna Expressway Authority periodically announces residential plot schemes, registration of the assigned plots has lagged. Therefore, the administration has moved the deadline from March 31, 2023, to January 31, 2023, in an effort to speed up plot registration and increase occupancy of the region covered by YEIDA. The allotment may be canceled if plots are not registered within the allotted time. It is estimated that the change will affect 8,000 owners of residential plots. The YEIDA guidelines state that homes must be built within four years of the date of registration; however, the plot allottees have been delaying the process because basic infrastructure, such as roads, water supply, and sewerage, among other things, are still under construction in the area. As a result, they have expressed disappointment with the decision.
Yamuna Expressway Authority (YEIDA) Plot Scheme 2022-23: Important dates
With much excitement, the long-awaited Yamuna Expressway Authority (YEIDA) Plot Scheme 2022–23 got underway, giving potential investors the chance to purchase highly sought-after plots. The adventure started on September 7th, 2022, when registrations opened, kicking off an exciting real estate endeavor. As keen expectation grew, interested candidates had until October 14, 2022, to register and take part in this fascinating program.
Participants excitedly anticipated the draw date, which was set for December 16, 2022, as the registration period came to an end. The winners of the lottery would be able to take possession of their ideal plots in excellent YEIDA sites. This date represented a turning point in the scheme’s history because it signaled the start of a new chapter for the fortunate beneficiaries.
While the process of acquiring a plot was exciting, everyone was still looking forward to the reimbursement day. Investors and applicants are on edge since the Yamuna Expressway Authority has not yet disclosed the return date.
Participants, investors, and other stakeholders all eagerly anticipated the draw’s results as the YEIDA Plot Scheme 2022–23 progressed. These significant dates demonstrated the authority’s dedication to efficiency and transparency, providing a fair and efficient procedure for all parties. YEIDA proceeded to generate interest and enthusiasm in this incredible program while keeping the reimbursement date a secret, promising a brighter and more promising future for individuals who would soon call these plots their own.
Check: Why should I Invest on Yamuna Expressway
How to Apply for Yamuna Expressway Authority (YEIDA) Plot Scheme 2022-23?
The Yamuna Expressway Authority (YEIDA) Plot Scheme 2022–23 application process is simple and accessible to those who are interested in applying. The steps to help you through the application procedure are listed below:
Purchase Application Form: Aspiring applicants can begin the application procedure by purchasing the application-cum-processing form from any ICICI branch for Rs 500. The main document needed to take part in the plot scheme is this form.
Download Online Form: People may also choose to download the online application form (RPS-06/2022) from the official YEIDA website for enhanced convenience. The link to the online application form can be found on the website’s left side. You must register for a site account in order to access the form, which simplifies and speeds up the procedure.
You must make sure you meet the eligibility standards established by YEIDA before applying. The following are the requirements for participation in the YEIDA Plot Scheme 2022–23:
Each applicant, along with their spouse or dependent, is only eligible to apply for one plot. The applicant must be an Indian citizen and at least 18 years old. The applicant should not have previously been assigned a plot or flat, whether on a leasehold or freehold basis, by the Yamuna Expressway Industrial Development Authority.
Allotment Process:
A drawing of lots will be used to decide the assignment of residential plots under the YEIDA program. Each category’s draw will be done independently. The allocation procedure will proceed in the order listed below:
- First Draw: Those applicants who select Option 1 as their chosen payment plan will be eligible for this draw.
- Second Draw: Candidates who select Option 2 as their chosen payment plan will be taken into account.
- Third Draw: Those who choose Option 3 as their payment option will be eligible for this draw.
YEIDA ensures equal possibilities for all candidates and encourages fair plot allocation through this open and objective draw mechanism.
Prospective plot owners can look forward to the draw results as the application process progresses and see if their aspirations of owning a plot in YEIDA come true. YEIDA continues to open doors for aspiring homeowners to realize their aspirations with a clear approach and an emphasis on usability.
Plot Scheme 2022–2023 of the Yamuna Expressway Authority (YEIDA): Payment Schedules
Before the scheme’s closing date, an application form must be sent to any of the specified ICICI Bank branches together with a 10% registration fee. Three payment options are available:
- Option 1: Within 60 days after the date the allotment notice was issued, pay 100 percent of the plot’s entire payment (including the registration cost).
- Option 2: Within 60 days after the date the allotment notice was issued, pay 50% of the plot’s total payment (including the registration cost). From the 61st day of the allocation, the remaining portion of the total premium is due in two equal half-yearly installments.
- Option 3: Within 60 days after the date the allotment letter was issued, pay 30% of the total payment for the plot (including the registration cost). From the 61st day of the allocation, the remaining 70% of the sum must be paid in 10 half-yearly installments.
The rules governing the payment alternatives have also been amended by the authority. Candidates who have submitted applications for Options 2 and 3 may alter their payment schedules. To be eligible for the priority list, they can also select Option 1 after submitting their application. The condition does not, however, apply to individuals who have chosen Option 1 already.
Preference Location Charges (PLC)
- Charges for locations with park views or green belts will be 5% of the premium.
- Charges for corner positions will be 5% of the premium.
- The location fees will be 5% of the premium if the road width is 18m or greater.
- No single plot shall be subject to location fees that exceed 15% of the premium.
Fraud alert issued by YEIDA
The Yamuna Expressway Industrial Development Authority (YEIDA) has alerted the public to a bogus website selling residential plots that is identical to the YEIDA’s plot program announced in September 2022. The website is located at www.yamunaawasiyabhukhand.in. The website has information about YEIDA’s projects near locations like Noida Airport, Film City, and Logistics Hub, among others, and has an interface that is quite similar to that of the official website, www.yamunaexpresswayauthority.com. According to a public notice from YEIDA, nobody else save the owner of the official website is permitted to sell land in the Yamuna Expressway-adjacent communities of Gautam Buddha Nagar, Bulandshahar, Hathras, Aligarh, Mathura, and Agra.
Yamuna Expressway Authority (YEIDA) Plot Scheme: Latest Updates
With its creative and alluring plot ideas, the Yamuna Expressway Authority (YEIDA) has been creating waves in the real estate industry. Let’s examine the exciting changes that have investors and homeowners alike interested as we move into the most recent updates on the YEIDA Plot Scheme.
- New Plot Plans Announced: New plot plans from YEIDA have recently been revealed, catering to various demands and desires. For prospective buyers, the authority has provided a wide range of possibilities, including residential and mixed-use property plots. Due to their advantageous locations and competitive prices, these projects have attracted a lot of attention and provide a great investment opportunity.
- Green and sustainable development are emphasized: YEIDA is renowned for its dedication to these topics. The authority has incorporated eco-friendly procedures in its most recent plot plans and urged developers to use environmentally friendly construction methods. This strategy appeals to purchasers looking for eco-friendly houses and developments and is consistent with the global emphasis on sustainable living.
- Providing Accessible Housing Options YEIDA has created programs that are geared toward first-time homeowners and individuals from economically disadvantaged regions in response to the need for affordable housing. More people will be able to achieve their dream of owning a home thanks to these inexpensive housing solutions, which are designed to offer high-quality living quarters at reasonable costs.
- Smart technology integration: YEIDA has taken the initiative to include smart technology into its plan schemes. The provisions for integrated security systems, energy-efficient lighting, and other smart amenities are among these elements. The addition of these technology improves residents’ quality of life overall and raises the bar for contemporary living.
- Digital Application Process: YEIDA has created digital platforms for submitting applications to its plot schemes in order to ensure a smooth and convenient application process. Users can view scheme details, upload papers, and make payments online thanks to this user-friendly method. Applicants have praised the application process’s transition to digital technology for its effectiveness and user-friendliness.
- Infrastructure Development: YEIDA’s dedication to infrastructure development has been a major factor in luring customers to its plot-based development projects. The authority has prioritized improving connections, offering necessary amenities, and designing thoughtful floor plans that give the ideal combination of urban conveniences and peaceful settings.
- Transparent and Ethical Practices: Thanks to its openness and ethics, YEIDA has gained the confidence of investors and homebuyers. All of the authority’s plot schemes are held to the highest standards of openness, making the purchasing process simple and dependable for all parties involved.
In conclusion, the authority’s commitment to offering a variety of appealing alternatives for homebuyers and investors is reflected in the most recent modifications to the YEIDA Plot Scheme. YEIDA is raising the bar for the real estate industry with its focus on technological integration, affordability, and sustainable growth. The authority, which keeps coming up with intriguing plan ideas, is in a position to influence how real estate will be developed in the future while also advancing the community it serves.
