The YEIDA held the lottery draw for its residential plot scheme along the Yamuna Expressway.
The Yamuna Expressway Industrial Development Authority (YEIDA) announced the lottery draw winners for its residential plot scheme, on June 25, 2021. The draw was held at the Greater Noida office and was streamed live on Facebook. The draw was earlier postponed due to the COVID-19 pandemic. The Authority was expected to announce the results for its residential plot scheme 2021 along the Yamuna Expressway, on May 5, 2021. Under this scheme, around 440 residential plots, ranging from 60 sq metres to 4,000 sq metres in size, were put on sale by the YEIDA, near the upcoming Jewar airport and were to be allotted through a lottery draw system.
According to the Authority, around 50,000 applications were received for residential plots and 4,200 applications for industrial plots. Interestingly, only six applications have been received for 11 plots of 4,000 sq metres and two for 2,000 sq metres while 16 plots were on offer in this category.
According to YEIDA officials, the land site will be divided into four sectors – 17, 18, 20 and 22D. In addition to this, around 22.5% of the vacant plots will be allotted to applicants from the ‘farmers’ category and ‘industrial/institutional/commercial’ category.
Important dates for YEIDA Jewar Plot Scheme 2021
| Important dates | Event |
| March 1, 2021 | Registration begins |
| March 30, 2021 | Registration ends |
| May 5, 2021 | Draw date postponed |
YEIDA Residential Plot Scheme 2021: Details
The Yamuna Expressway Authority has offered around 400 plots for which the applicants need to apply with a 10% registration amount at any ICICI Bank branch. For the ease of applicants, the Authority is offering three types of payment plans:
| Option | Payment plan |
| Option 1 | 100% of the total premium of the plot (including registration fees) to be paid within 60 days from the date of issue of the allotment letter. |
| Option 2 | 50% of the total premium of the plot (including registration fees)to be paid within 60 days from the date of issue of the allotment letter and the remaining 50% amount of the total premium to be paid in two equal half-yearly instalments, from the 61st day from the allotment. |
| Option 3 | 30% of the total premium of the plot (including registration fees) to be paid within 60 days from the date of issue of the allotment letter and the remaining 70% of the amount to be paid in 10 half-yearly instalments from the 61st day from the allotment. |
According to the details furnished on the YEIDA’s website, the following property options were available for the applicants:
| Size of Plots (in sq metres) | Registration amount | Number of plots |
| 60 sq m | Rs 1,01,200 | 68 |
| 90 sq m | Rs 1,51,800 | 64 |
| 120 sq m | Rs 2,02,400 | 117 |
| 300 sq m | Rs 4,96,500 | 60 |
| 500 sq m | Rs 8,27,500 | 29 |
| 1,000 sq m | Rs 16,55,000 | 75 |
| 2,000 sq m | Rs 33,10,000 | 16 |
| 4,000 sq m | Rs 66,20,000 | 11 |
To make the most of its plot scheme, the YEIDA is also levying an additional premium for select plots.
| Location | Preferential location charges |
| Park facing / green belt | 5% |
| Corner plot | 5% |
| Plot on 18-metre road | 5% |
| If all the above conditions are met | 15% |
YEIDA Plot Scheme 2021: Allotment procedure
Depending upon the number of applicants, the allotments will be done through a draw of lots. For each category, draws will be held separately on May 5, 2021. Also, the draw will be held on the basis of payment plan selection. For example, the first draw will be held for those applicants who choose Option 1, followed by Option 2 and then, Option 3.
Source- https://housing.com/news/yamuna-expressway-authority-plot-schemes/
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