YEIDA Offers Housing Plots for Economically Weaker Sections near Noida Airport

• YEIDA to launch affordable housing plots for Economically Weaker Sections (EWS) near the upcoming Noida International Airport along the Yamuna Expressway.
• The scheme offers 4,000 affordable plots of 30 square meters at Rs 7.5 lakh each, with easy installment payment options.
• 29 percent of plots reserved for factory workers, with defence personnel and YEIDA employees also receiving special allocations.

The Yamuna Expressway Industrial Development Authority (YEIDA) will shortly start a new affordable housing plot scheme for the Economically Weaker Sectors (EWS) of society, in the vicinity of the upcoming Noida airport. The scheme will offer approximately 4,000 plots of 30 square meter dimensions, selling at Rs 7.5 lakh each.

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As per Authority officials, the plots are located at Sectors 17, 18 and 20, situated in proximity to the upcoming Noida International Airport at Jewar region along the Yamuna Expressway, near the newly planned development. The affordable housing plot scheme comes after approval made at the Authority’s board meeting on June 18, 2022.

Officials have indicated that the scheme aims at factory workers employed in the Yamuna Expressway region, and also for those with an annual income upto Rs 3 lakh. A successful applicant can pay by installment up to a period of seven years.

"As many as 29 percent of the EWS plots will be reserved for factory workers, engaged in projects located in YEIDA regions, another 5 percent plots will be reserved for retired defence service personnel, and another 5 percent each for YEIDA employees," said Arun Vir Singh, CEO, YEIDA.

“These workers will be employed in units across the Noida airport's catchment area along the Yamuna Expressway. Keeping the needs of economically weaker sections in mind, we'll be offering plots of 30 square meters, providing a vital housing solution for economic weaker sections of the society," Singh added.

According to Singh, the Authority decided to implement the scheme due to overwhelming demand in that burgeoning area.

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Authority documents indicated a total of 4,288 affordable housing plots will be launched in the first phase across sector 17, 6B sector 18, 2A sector 18 and sector 20. Most plots are located in 6B sector 18 where 2,335 are planned, followed by 881 in 2A sector 18. Another 548 plots will be in sector 20, 524 in sector 17.

Officials indicated the Authority will announce the date of launch and end date of the scheme and any other information shortly. The allotment of these plots would be via a lucky draw. On its part, allottee will be required to pay 10 percent of the total plot cost up front, the officials said.