1200 units near Noida Airport opens for Sale under YEIDA Housing Scheme 2024

The Yamuna Expressway Industrial Development Authority has unveiled their most waited festive housing scheme offering at least 1,200 flats in Sector 22D along the Yamuna Expressway on a “first come, first served” basis.

According to the official statement, the scheme will be open for booking till 31^st March 2025, or until all units are allotted. The scheme offers three types of affordable flats near the Noida International Airport, expected to be operational by next April. 

The one-bedroom units, with a total area of 29.76 square metres and a usable living space of 21.62 square metres, are priced at Rs.23.37 lakh for the ground floor and Rs.20.72 lakh for the first, second, and third floors.

The chief executive officer, YEIDA, Arun Vir Singh, said, “We will allot these flats on a ‘first come first served’ basis to applicants who will pay the money and buy the unit. These flats were left out in old schemes. But, this time, we hope that people will rush to grab these flats that are located along the Yamuna Expressway because of the upcoming airport project near Jewar.”

The second option includes one-bedroom flats in four-storey buildings, offering a total area of 54.75 square metres and a living space of 36.97 square metres, priced at Rs.33.05 lakh, with 713 units available. Additionally, there are two-bedroom flats in multi-storey towers, with a total area of 99.86 square metres and a living space of 64.72 square metres. These units are priced at Rs.45.09 lakh, with 250 flats available in buildings of up to 16 floors.

To apply, individuals must submit an online application on the Yamuna Expressway Authority website, pay a Rs.600 non-refundable registration fee, and an EMD of 10% of the flat's total premium. Applicants must be Indian citizens over 18 and not have received any previous YEIDA allotments. Joint applications with immediate family are allowed.

The  authority said that, the applicant can pay the total amount of the flat at one go and get 2% discount or pay 10% to apply, 20% in the next 30 days, and remaining 70% over five years. The authority will impose 10% interest on the remaining 70% flat cost.

YEIDA will handle maintenance for two years after possession, after which an apartment owners association (AOA) will be established to manage the complex. Allottees must contribute to a maintenance corpus fund, with amounts ranging from Rs.50,000 for affordable one-bedroom flats to Rs.1.5 lakh for two-bedroom units. Participation in the AOA is mandatory for all allottees, according to YEIDA.