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Record Breaking 85,000 Applications Received for 477 YEIDA Housing Plots

Record Breaking 85,000 Applications Received for 477 YEIDA Housing Plots

BY Realty+
Published - Monday, 17 Oct, 2022
Record Breaking 85,000 Applications Received for 477 YEIDA Housing Plots

The Noida International Airport has proved to be a game-changer for the Yamuna Expressway Authority. Breaking all past records more than 85,000 people applied for 477 residential plots.

This number is likely to touch one lakh when the scheme registration closes said, officials. Under the scheme the 477 plots of nine different sizes ranging from 60sqm to 2,000 sqm are available. These plots will be allotted in five sectors of the Yamuma Expressway region through a draw of lots. A maximum number of 44, 349 applications have been received for 226 plots of 120 sq m size while 1,000 people had applied for 12 plots of 1000 to 2,000 sq m sizes.

Last year YEIDA brought out residential plot schemes twice but the number of   applicants were less than half. The number were quite dismal in 2019 and 2020 also.

YEIDA CEO Arun Vir said, “There has been an overwhelming response for the residential plot scheme this time. This is the highest number of applications received for any YEIDA housing scheme so far. People are quite enthusiastic about it.”

YEIDA launched the scheme on September 7 with a deadline of one month (October 7) for submitting applications. It was later extended to October 14, “Keeping the interest factor in mind we had also extended the last date of filing the application,” Singh said.

The maximum number of 262 plots are available in 120 sq m size followed by 67 in 200 sq m and 56 in 300 sq m. There are just four plots in 2,000 sq m size, eight in 1,000 sq m and five 500 sq m sizes. These are located in sectors 16,18, 20, and 22 D.

Officials said 3,154 applicants are for 60 sq m plots, 7, 766 for 90 sq m, 4,032 for 160 sqm, 1,1057 for 200 sqm, 11,719 for 300 sq m, 737 for 500 sq m, 800 for 1,000 sq m and 181 for 2,000 sq m. Under the scheme, applicants who opt for one-time payment will be given first priority in the allotment of plots, while those who pay 50 % of the amount in a lump sum and the remaining 50% in installments will be considered next. The last preference will be those who opt for 30% of payment in the lump sum and 70% in installments.

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