Yamuna Expressway Industrial Development Authority (YEIDA) has launched a new group housing scheme, offering 20 prime plots across three sectors. These plots are located in Sectors 17, 18, and 22D, with sizes ranging from 11,513.72 sqm to 89,034 sqm, catering to a wide range of developers.
Sector 17 features six plots, with sizes ranging between 11,513.72 sqm and 24,282 sqm, and a base price of Rs 32,375 per sqm. Sector 18 includes five plots, each measuring 16,188 sqm. Meanwhile, Sector 22D offers a variety of plot sizes, ranging from 20,235 sqm to the largest plot in the scheme, which spans 89,034 sqm. This initiative is expected to attract developers seeking to capitalise on Noida’s growing residential demand. It also aligns with YEIDA’s long-term plans to foster urban growth along the Yamuna Expressway corridor. To participate in the scheme, developers must pay an earnest money deposit (EMD) that ranges from Rs 3.73 crore to Rs 30.27 crore, depending on the plot size.
The application process for the scheme began on Thursday and will remain open until December 18. Following this, an e-auction will be conducted on January 20, 2024, where the plots will be allocated to the highest bidders. Incremental bid values during the auction are set at 1% of the base price, ensuring a competitive process for all participants. This group housing scheme is part of YEIDA’s ongoing efforts to enhance Noida’s residential infrastructure, which has seen a significant rise in demand due to its strategic location and proximity to major business and transport hubs. With a mix of plot sizes and competitive pricing, this initiative is poised to contribute to Noida’s real estate growth and create new opportunities for both developers and potential homeowners.
