YEIDA, Greater Noida Authority launch three new schemes

The Yamuna Expressway Industrial Development Authority (YEIDA) and the Greater Noida Authority on Friday launched three schemes in their respective areas, according to a published report. On offer are plots in residential, industrial, institutional and mixed land use categories. Also available are shops and kiosks on an open-ended scheme in Greater Noida.

The report said YEIDA has put on offer 1,850 residential plots of sizes varying from 120 meters to 200 meters. These plots will be allotted through draw of lots. As per officials, the aim is towards aiding development in the YEIDA area. “On offer are plots available for setting up residential homes,” said Arun Vir Singh, CEO, YEIDA.

“Plots under both the schemes will be allotted on a lottery basis,” said Singh. “We have reserved about 56 hectares of land for the plots,” he said. This land is located in Ghanori village, which is on the border of Greater Noida and YEIDA area.

The reserve price for residential plots, which are located in YEIDA’s sector 17 has been fixed at Rs 15, 620 per square meter. This means that a 120 meter plot would come at a cost of Rs 18.74 lakh and a 162 meter plot would cost a homebuyer about Rs 25.30 lakh.

The Greater Noida Authority has also announced a scheme for allotment of leftover/cancelled plots in its area. Totaling about 169 residential plots in number, while the industrial, institutional, shops and kiosks will be allotted via an open-ended scheme, the residential plots will be allotted on single bid system, submissions for which will open on February 2.