In an exciting Diwali 2024 offer, the Yamuna Expressway Industrial Development Authority (YEIDA) has introduced a residential plot scheme, presenting 821 plots in the sought-after Sector 24A, Greater Noida. Situated near the new Noida International Airport, these plots provide an excellent investment and homeownership opportunity, catering to those who wish to secure property in a rapidly growing area.
Application Process and Key Dates
Applications for the YEIDA plot scheme began on October 31, 2024, and will remain open until November 30, 2024. Interested applicants can easily apply online during this period. Once applications close, a lottery draw for plot allotment will take place on December 27, 2024. This draw will determine successful applicants who will be eligible to own plots in this scheme.
Plot Sizes and Pricing Details
YEIDA’s Diwali scheme offers plots in several sizes to accommodate various budgets and needs:
- 120 sq m
- 162 sq m
- 200 sq m
- 250 sq m
The plot price is set at ₹25,900 per square meter. Payments can be completed entirely online, and no offline payments will be accepted. This digital approach ensures a smooth and accessible process for all applicants.
Premium Charges for Special Plot Locations
YEIDA has included specific premium charges for certain locations to give buyers an option of desirable spots within the sector:
- Park-facing or green belt plots: 5% additional premium charge
- Corner plots: 5% additional premium charge
- Plots on roads 18 meters or wider: 5% additional premium charge
Premium charges across all categories will not exceed 15% of the total plot cost, making it manageable for buyers to secure preferred locations.
Allotment and Payment Terms
The YEIDA plot scheme will allocate plots through a lottery system. Those selected will receive an allotment letter, following which they will have 60 days to pay 100% of the premium amount plus applicable GST. This allows allottees to complete payment conveniently within two months of allotment.
Lease Terms
The plots under this scheme are available on a 90-year lease. To initiate the lease deed process, allottees must pay 10% of the plot’s total value as a lease fee before signing. This 90-year lease agreement provides long-term security for investors looking for both stable property ownership and future appreciation value.
Why This Scheme is a Great Investment Opportunity
YEIDA’s residential plot scheme offers an outstanding opportunity for homebuyers and investors. Located close to the developing Noida International Airport, these plots promise to become high-demand properties as the area grows. Whether you’re looking for a secure investment or a place to build your home, these residential plots in Greater Noida represent potential for significant returns in the future.
To apply, simply visit the official YEIDA website, review the available plots, and complete the online application before November 30, 2024. Secure your spot in one of India’s fast-growing real estate hubs today.
