The Yamuna Expressway Industrial Development Authority (YEIDA) is set to launch a premium hotel plot scheme in anticipation of the Noida International Airport’s opening in April 2024. The scheme offers 12 plots across sectors 28 and 29, ideal for high-end hospitality projects, including five-star hotels.
In Sector 28, YEIDA offers two significant land parcels: a 10,000 sqm plot priced at Rs 65.3 crore and a 20,000 sqm flagship plot valued at Rs 130.6 crore, totaling Rs 195.9 crore. In Sector 29, the scheme includes 10 plots ranging from 3,100 sqm to 6,400 sqm. The largest plot, at 6,400 sqm, has a reserve price of Rs 43.8 crore. The combined total value of the Sector 29 plots is Rs 276.2 crore. Together, the 12 plots cover a total area of 67,800 sqm, with a cumulative investment potential of Rs 472.2 crore. The plots are strategically located along the Yamuna Expressway, ensuring excellent connectivity to the upcoming Noida International Airport, making them highly attractive for premium hospitality developments. The allocation process for these plots will be carried out through an e-auction system, with provisions for various business entities, including FDI in accordance with government regulations. This initiative builds on YEIDA’s previous efforts to enhance the region’s hospitality infrastructure in line with the airport’s anticipated growth.
