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August 9 2023
10 Min Read

YEIDA Plot Scheme 2023: Online Application, Eligibility, Result, Winner List and Draw Date

The Yamuna Expressway Industrial Development Authority (YEIDA) was created to plan the organized development of the selected regions abutting Delhi to protect unauthorized urban development. The YEIDA has an essential role in the development of plot projects for the industrial, residential, and industrial ecosystems. To achieve this, it introduces new schemes for better growth and to avoid fraud.

YEIDA has launched a new scheme, especially for residential plots. According to the scheme, the flats in Sector 16, 17, 20, and 22D along Yamuna Expressway will follow the First come, First serve basis, and the allotment will take place through a lucky draw. Also, the flats will be free from any interest, and registration will be open on August 2, 2023.

Latest Information for YEIDA Plot Scheme 2023

The total layout of the YEIDA city is around 25,000 hectares of which around 19% is solely for residential purposes, while 26% is for industrial usage. According to the scheme, it may offer over 2500 plots without the restriction of a one-time payment.

The administration has also planned facilities in the city like three hotels in the city, including a three-star hotel (2.5 acres), a four-star hotel (5 acres), and a five-star hotel (10 acres), as well as a future MSME cluster, several parks including toy, furniture, clothing, and handicrafts park. In terms of recreational, community, and religious facilities, YEIDA has approved property for three community health centers and a girls’ inter-college, while Gaursons Group is building a 108-foot tall statue of Lord Krishna (the tallest in India) along with a grand temple in its Gaur Yamuna City.

Furthermore, the authority is planning to propose home plots in Sectors 22D, 22A, and 25 of the Yamuna Expressway. Along with the plot allotment, YEIDA has also made changes in the payment methods.

Eligibility Criteria for YEIDA Plot Scheme

Know below the eligible criteria for a smooth process:

The applicant must be 18 years or above.
The applicant should be an Indian citizen.
The Yamuna Express Industrial Development Authority must not have leased or allotted a plot to the applicant. Therefore, you are eligible only if you have no prior plot or flat allotted by YEIDA.
Applicants can only apply for the allotment of one plot.

YEIDA Plot Scheme Online Application Process

One can apply via a brochure on the official website of the Yamuna authority which will cost Rs. 500 and 18% additional GST. You can obtain the brochure for application after registering on the portal with your personal details and documents. You can also download the PDF of the form containing a link for easy application. For other people, you can obtain the application form from any ICICI branch by paying the application fee of Rs. 500.

YEIDA Allotment Process

The authority will allot the plot via the drawing process, depending on the payment procedures you choose.

The first draw will be conducted for people choosing Option 1 for payment which is paying 100% payment within 60 days of plot allotment.
The second draw will be conducted for the Option 2 payment method, with people paying 50% of the total payment within 60 days and the remaining due in half-yearly installments.
The third draw includes people with the Option 3 payment method, which is 30% of the total payment in 60 days, while the other 70% is in ten half-yearly payments.

Opening and Closing Date

The application for the scheme will start on August 08, 2023, and the closing date for subscription is September 1, 2023.

YEIDA Scheme Draw Date

The Yamuna Authority has already fixed a draw date i.e., October 18, 2023, for people bidding for plots.

Takeaway

The YEIDA plot scheme is constantly making changes to ease the process and provide better payment options for buyers. However, the authority is also constructing NOIDA International Airport, the largest airport in India, at Jewar. The construction is in its initial phase, and the construction of YEIDA City depends on the development of the airport. So, any delays in any phase of airport development will affect the city’s development.

Therefore, home seekers or investors should analyze the development phase before investing, as any delays in airport development may hamper the pieces of plots.

NOIDA is developing with great success for both residential and industrial purposes. Therefore, NOIDA is a reliable choice if you are seeking office space. If you are searching for office space for lease in Noida 63, Procapitus business park offers space at an affordable price.