Yeida scheme offers 361 plots - 187,000 applicants hoping to secure one!

Yeida will allocate 361 plots starting from 120 square metre in sectors of 16, 18, 20 and 22D in size along with the Yamuna Expressway which has the connectivity with Greater Noida with Agra.

The authority has launched this plot scheme in the month of July by offering plots at the rate of Rs. 29,500 per square metre as per the officials.

Officials said Yeida has scrutinized a total of 202,235 applications and found 187,000 applications eligible for the scheme.

These are 187,000 applicants who apply for a one-time-payment option in an allotted plot in the lucky draw.  

Yeida said in view of the exceptional response, applicants who selected installment payments will not be considered, as this preference was specified in the scheme brochure.

The authority has mention about receiving 67,197 applicants against 120 square metre size plots. It indicates the demand for 120 square metre plots inform by the officials.

It has also receive 59613 applicants against 300 square metre plots and 44,181 applications against the 162 square metre plots. And other applications were for plots of other sizes, said officials.

Yeida are expecting at least 1% of the applicants which will present at the Expo Centre, where the draw will organize in open event.

Responding to this, Arun Vir Singh, chief executive officer of the Yeida says, “We have received overwhelming response from property buyers for this scheme, which offers an opportunity to get a plot on which an applicant can build a house in the catchment area of Noida international airport. We have three retired judges to monitor the lucky draw process that will be videographed and streamed live online to maintain complete transparency. After the allotment process is completed, we are planning to come up with another plot scheme, probably before Diwali (October 31) for those who want to buy a plot in this area”.

“The remaining applicants can watch the live telecast of the draw via social media platforms. Photography and videography of the draw process of all categories will be done. The lottery process will be completed in a transparent and accountable manner,” said Singh.

The unsuccessful applicants will get their registration amount back within 72 hours of completion of the process, said officials.

“The scheme has been a success because of the location of the residential sectors near Noida airport site and also world-class connectivity with Expressway and the Metro network. Also, we have offered these plots at extremely low rates as compared to other cities. No other city can offer residential plots at this rate with the infrastructure that is available in this region,” said Singh.