The Yamuna Expressway Industrial Development Authority (Yeida) has raised Rs 250 crore revenue by selling two group housing plots in the vicinity of Noida greenfield international airport in Jewar, announced officials associated with the development.
These plots have been allotted through e-auction, Yeida officials said, adding that in such an auction, the plot is sold to the one who places the highest bid against the reserve price.
“We floated a scheme in June this year offering two plots for group housing to realtors interested in building housing projects along the Yamuna Expressway, near the greenfield airport project. Two realtors participated in the e-bidding process for each group housing plot. And the realtor who placed the highest bid got the plots in accordance with rules,” said Arun Vir Singh, chief executive officer, Yeida.
Yeida offered a 40,000 square metre plot for group housing in Sector 22D and another plot measuring 20,000 square metre in the same sector.
Purvanchal Projects Private Limited placed the highest bid of Rs 149.57 crore for the plot measuring 40,000 square metres and secured the rights to the plot. ACE Infracity Developers Private Limited placed the second highest bid of Rs 142.45 crore.
Eldeco Infrastructure & Properties Limited placed the highest bid of Rs 96.86 crore for plot measuring 20,000 square metres while Arihant Buildcon Private Limited came second with a bid of Rs 71.22 crore.
The authority invited bids under the Yamuna Expressway Industrial Development Authority’s Group Housing Plots Scheme YEA-GH-07/2024 and completed the e-auction proceedings on July 12.
