If you’re looking to buy a home in Noida or Greater Noida, here’s some great news. The Yamuna Expressway Industrial Development Authority (YEIDA) has introduced a new housing scheme near the fast-developing Jewar Airport area. This new scheme offers budget-friendly and luxurious flats, making it an excellent opportunity for prospective homeowners. Whether you’re a first-time homebuyer or looking to invest, this is the perfect time to explore affordable housing options close to one of the most strategic locations in the NCR region.
What’s on Offer: Flats and Pricing
Under YEIDA’s “Built-up Housing Scheme”, 1,239 flats are available for sale in prime locations near Jewar Airport. The scheme is open from September 19, 2024, to March 31, 2025. Here are the details:
Affordable Flats (1 BHK)
- Size: 29.76 square meters (usable area: 21.62 sq m)
- Price:
- Ground floor: ₹23.37 lakh
- First to third floor: ₹20.72 lakh
S+4 Category (1 BHK)
- Size: 54.75 square meters (usable area: 36.97 sq m)
- Price: ₹33.05 lakh
S+16 Category (2 BHK)
- Size: 99.86 square meters (usable area: 64.72 sq m)
- Price: ₹45.09 lakh
These flats offer a great balance between affordability and location, ideal for people looking to settle down in the Noida region or invest in properties with a good appreciation potential.
Eligibility Criteria for Applicants
To be eligible for this scheme, applicants must meet the following conditions:
- Must be an Indian citizen and at least 18 years of age.
- The applicant should not have previously been allotted any flat or plot from YEIDA.
- A non-refundable registration fee of ₹600 is required, and 10% of the total flat price must be paid as an Earnest Money Deposit (EMD).
How to Apply for the YEIDA Scheme?
Interested buyers can apply online through the official YEIDA website by following these steps:
- Visit the “Residential Scheme Portal” on the YEIDA website.
- Select the flat category, sector, and block based on your preference.
- Upload necessary documents like a passport-size photograph, Aadhar Card, PAN Card, and Reservation Certificate (if applicable).
- Pay the registration fee and EMD online.
- Once the application is complete, a “Letter of Intent” will be emailed, which can also be downloaded from the portal.
This simple, digital process ensures a hassle-free experience for all applicants.
Allotment Process – First Come, First Serve Basis
The YEIDA scheme operates on a “First Come, First Serve” basis. This means that once you apply and make the necessary payments, your flat will be temporarily reserved. However, in case any errors or issues are found in the application, the allotment will be canceled, and the deposited amount forfeited. For reserved category applicants, the entire amount will be refunded in case of any cancellation.
Why This Scheme is a Great Opportunity
Proximity to Jewar Airport – Asia’s Largest
One of the biggest advantages of this scheme is its proximity to Jewar Airport, set to become the largest airport in Asia. This adds immense value to properties in the area, making them a smart long-term investment.
Economic Growth and Real Estate Boom
The ongoing development of Jewar Airport is already boosting the real estate market in Noida and Greater Noida. Land prices in and around the area are rising steadily, making this an ideal time to invest in property.
Future Employment Opportunities
With the completion of the Jewar Airport project, the region is expected to see a surge in employment opportunities, transforming it into a major hub for trade, tourism, and logistics. This adds further value to properties in the vicinity, increasing the potential for future returns.
Investing in a flat under the YEIDA scheme offers a unique opportunity to secure affordable housing in a rapidly developing region. Don’t miss out on this chance to buy your dream home close to the upcoming Jewar Airport!
