The Yamuna Expressway Industrial Development Authority (YEIDA) has unveiled an exciting new opportunity for homebuyers and investors this Diwali season. The YEIDA Plot Scheme Diwali 2024, also known as RPS-08A, offers a chance to own residential plots in the rapidly developing area near the upcoming Noida International Airport. This comprehensive guide will walk you through everything you need to know about this scheme, from plot details to application processes and investment potential.
Scheme Overview
The YEIDA Plot Scheme Diwali 2024 is designed to meet the growing demand for residential options in the vicinity of the Noida International Airport. Here are the key highlights:
- Total Plots: 821 plots available
- Location: Sectors 18 and 24A
- Plot Sizes: Ranging from 120 sqm to 260 sqm
- Application Period: October 31, 2024, to November 30, 2024
- Draw Date: December 27, 2024
Plot Details and Pricing
YEIDA is offering a variety of plot sizes to cater to different needs and budgets. Here’s a breakdown of the available options:
| Plot Size (sqm) | Number of Plots | Price per sqm (₹) | Registration Amount (₹) – General | Registration Amount (₹) – SC/ST |
|---|---|---|---|---|
| 120 | 107 | 25,900 | 310,800 | 159,540 |
| 162 | 100 | 25,900 | 420,000 | 215,540 |
| 200 | 101 | 25,900 | 435,000 | 247,000 |
| 250 | 50 | 25,900 | 647,500 | 327,500 |
| 260 | 33 | 25,900 | 673,400 | 337,600 |
Note: A 17.5% discount is available for farmers whose land was acquired for YEIDA development or Jewar Airport.
Eligibility Criteria
To ensure a fair allocation process, YEIDA has set specific eligibility criteria for applicants:
- Open to Indian citizens and NRIs aged 18 and above
- Applicants can apply for only one plot
- Those already allotted residential plots/flats in previous YEIDA schemes are not eligible
- Family members (spouse and dependent minor children) of existing YEIDA property owners are also ineligible
Reserved Categories
YEIDA has set aside a portion of the plots for specific groups:
- 17.5% for farmers whose land was acquired for YEIDA development or Jewar Airport
- 5% for functional industrial units allotted by YEIDA
Application Process
Applying for the YEIDA Plot Scheme Diwali 2024 is a straightforward online process:
- Visit the official YEIDA website: www.yamunaexpresswayauthority.com
- Download the application brochure (₹600 fee)
- Fill out the online application form
- Pay the registration amount as per your category and chosen plot size
- Submit your application before the November 30, 2024 deadline
All payments must be made online through partnered banks such as SBI, ICICI, and HDFC.
Required Documents
Ensure you have the following documents ready when applying:
- Aadhaar Card
- Ration Card
- PAN Card
- Address Proof
- Mobile Number
- Proof of family relation (for joint applications)
Allotment Process
The allotment of plots will be conducted through a transparent draw system:
- Separate draws for each category
- Draw date: December 27, 2024
- Successful applicants will receive allotment letters within 30 days via mail
Financial Aspects
Understanding the financial commitments is crucial when investing in property:
- Registration money will be adjusted against the total premium for successful applicants
- Unsuccessful applicants will receive a refund (without interest if within one year)
- Financing options are available from select banks
- Additional charges may apply for corner plots, park-facing locations, or plots on wider roads (up to 15% of the premium)
Construction and Possession Timeline
Once allotted a plot, here’s what you need to know about construction and possession:
- Possession will be offered after five years, upon completion of development work
- All dues must be cleared before taking possession
- Construction must be completed within three years of executing the Lease Deed
- Building plans must be approved by YEIDA before construction begins
- Extension charges apply if construction is not completed within the stipulated time
Location Advantages
The YEIDA Plot Scheme Diwali 2024 offers more than just residential plots; it’s an investment in a rapidly developing area with significant infrastructure projects nearby:
- Noida International Airport: Set to commence operations by April 2025, this airport will boost connectivity and economic growth in the region.
- International Film City: A planned entertainment hub that will attract media and film industry investments.
- F1 MotoGP Track: This international racing venue will draw tourists and sports enthusiasts.
- Medical Devices Park: Focused on healthcare innovation, creating job opportunities and enhancing the area’s growth potential.
- Eastern Peripheral Expressway: Provides excellent connectivity to major highways around Delhi NCR.
- Yamuna Expressway: Offers quick access to Delhi and other major cities in Uttar Pradesh.
Comparison with Other Investment Opportunities
To help you make an informed decision, here’s how the YEIDA Plot Scheme Diwali 2024 compares to similar offerings in the NCR region:
| Feature | YEIDA Sector 24A | GNIDA Sector Chi V | HSIIDC Manesar | DDA Dwarka Sector 22 |
|---|---|---|---|---|
| Location | Near Noida International Airport | Well-developed locality | Proximity to industrial areas | Near upcoming Diplomatic Hub |
| Plot Sizes | 120 – 260 sq. m. | 100 – 300 sq. m. | 150 – 500 sq. m. | 150 – 200 sq. m. |
| Price Range (₹) | 1.5 – 6.7 Lakhs | 2 – 8 Lakhs | 3 – 10 Lakhs | 2 – 9 Lakhs |
| Infrastructure Projects | Film City, Airport, Expressway | Close to Pari Chowk | Industrial clusters nearby | Metro and Expressway planned |
| Future Growth Potential | High due to airport & film city | Moderate | High industrial demand | Moderate |
Investment Potential
Investing in the YEIDA Plot Scheme Diwali 2024 offers several advantages:
- Future Appreciation: The proximity to major infrastructure projects suggests high potential for property value appreciation.
- Affordable Entry Point: Competitive rates and special discounts for certain categories make this an accessible investment opportunity.
- Strategic Location: The area’s development plans indicate strong potential for rental income and resale value in the future.
- Government-Backed Development: YEIDA’s involvement ensures planned and regulated growth in the region.
FAQs
To address common queries about the YEIDA Plot Scheme Diwali 2024, here are some frequently asked questions:
- Q: Can I apply for multiple plots under this scheme? A: No, each applicant can apply for only one plot under this scheme.
- Q: Is there a way to check the status of my application? A: Yes, you can check your application status on the official YEIDA website using your application number.
- Q: What happens if I’m not selected in the draw? A: Unsuccessful applicants will receive a full refund of their registration amount, without interest if claimed within one year.
- Q: Can NRIs apply for this scheme? A: Yes, NRIs are eligible to apply, provided they meet all other eligibility criteria.
- Q: Is it possible to transfer or sell the plot after allotment? A: Transfer or sale of the plot is subject to YEIDA’s regulations and may require prior approval.
- Q: What are the payment options for the plot premium? A: YEIDA offers various payment plans, including lump sum and installment options. Details are available in the scheme brochure.
- Q: Are there any restrictions on the type of construction allowed? A: Yes, all construction must adhere to YEIDA’s building regulations. Detailed guidelines are provided to successful allottees.
Conclusion
The YEIDA Plot Scheme Diwali 2024 presents a unique opportunity to invest in one of the fastest-growing regions of the National Capital Region. With its strategic location near the upcoming Noida International Airport and other major infrastructure projects, this scheme offers both residential and investment potential. The variety of plot sizes, transparent allotment process, and government-backed development make it an attractive option for those looking to secure their future in a burgeoning urban center.
As with any significant investment, it’s crucial to carefully review the scheme details, assess your financial capacity, and consider your long-term goals before applying. With the right planning and foresight, the YEIDA Plot Scheme Diwali 2024 could be your gateway to owning a piece of prime real estate in one of India’s most promising development corridors.
For the most up-to-date information and to apply, visit the official YEIDA website at www.yamunaexpresswayauthority.com. Don’t miss this opportunity to be part of the region’s growth story!