Yamuna Expressway Development Authority to Launch Mixed-Land Scheme
The Yamuna Expressway Industrial Development Authority (YEIDA) has planned to launch a mixed land scheme under which industries will set up along the commercial and residential structures on the same premises. While the allottees can develop industry on 75% of the land allotted to them, the remaining plot can be used for residential, commercial, and even institutional purposes. Officials said industrialists had been demanding a scheme where residential and other basic facilities were available for employees in the same areas and they need not commute from far-flung places. “We have 110 acres in total in Sector 24. A total of 7 plots of 10 acres each will be allotted in the industry. In the remaining area, there will be development like the construction of roads, drains and green areas. The allocation will be done through e-auction,” said Arun Vir Singh, the YEIDA CEO. Singh clarified the remaining land, 12% would be used for residential purposes, 8% for commercial, and 5% for institutional development. “This scheme will help in setting up big industries with all the facilities on the premises itself,” the CEO said. YEIDA meanwhile has extended the deadline for submitting applications for its residential plot scheme amid huge demand. For 477 plots over 50,000 people have submitted forms so far. Plot sizes ranging from 60sq m to 2,000 sq mt are available in sectors 16, 17A, 18, 20 and 22D. Officials said that although there was a rush, a large number of applicants were facing technical glitches in filing applications online. The authority has also decided to hold the manual lottery draw for allotting plots on December 16 instead of December 18.
Tags : Yamuna Expressway Industrial Development Authority YEIDA launch land scheme industries commercial residential Arun Vir Singh YEIDA CEO