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The Yamuna Expressway Industrial Development Authority (YEIDA) has launched its highly anticipated Plot Scheme 2024, offering a unique opportunity for investors and homebuyers to secure a piece of one of India’s most promising real estate markets.
As the Yamuna Expressway region undergoes rapid transformation, fueled by major infrastructure projects and the upcoming Noida International Airport, this scheme presents a chance to be at the forefront of this growth story.
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About YEIDA Plot Scheme 2024
The Yamuna Expressway Industrial Development Authority (YEIDA) is the governing body responsible for the planned development of the areas adjoining the 165-km long Yamuna Expressway. This region, strategically located between Delhi and Agra, is poised for exponential growth due to several mega-projects in the pipeline.
Key Developments Driving Growth in the Region
- Upcoming Noida International Airport in Jewar
- Proposed Film City project
- Planned Multi-modal Transport Hub
- Upcoming Data Center and Electronics Manufacturing clusters
Plot Schemes in YEIDA 2024
1. Residential Plot Scheme (RPS-08/2024)
Launch Date: July 5, 2024
Plot Sizes: Plot sizes range from 120 sq m to 4000 sq m, catering to various housing needs.
Locations: Sectors 16, 18, 20, and 22D
Plot Distribution:
| Plot Size | No. of Plots |
|---|---|
| 120 sq. m. | 84 |
| 162 sq. m. | 77 |
| 200 sq. m. | 3 |
| 300 sq. m. | 131 |
| 500 sq. m. | 40 |
| 1000 sq. m. | 18 |
| 4000 sq. m. | 8 |
Key Features:
- Allotment: Plots assigned via draw of lots.
- Base Price: Rs 25,900 per square meter.
- Preferential Location Charges (PLC):
- Park/Green belt facing: +5%
- Corner plots: +5%
- 18-meter road facing: +5%
- Maximum PLC: Up to 15% of the premium for multiple features.
Important Dates:
| Process | Date |
|---|---|
| Registration Start | July 5, 2024 |
| Last Date for Applications | August 8, 2024 |
| Draw Date | September 20, 2024 |
Eligibility Criteria:
To apply for YEIDA residential plot scheme 2024 online, candidates are required to meet the below eligibility criteria:
- Age: At least 18 years old
- Nationality: Indian resident
- Limit on Applications: Eligible candidates can apply for only one plot under this scheme.
- Exclusion Criteria: Those who already own or have been allocated plots or apartments under YEIDA or any previous housing schemes are not eligible.
- Joint Applications: Candidates may apply jointly only with immediate family members, with proof of family relation required.
Additionally, for Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs):
- They must provide necessary documentation proving their NRI or PIO status.
- All transactions must comply with Foreign Exchange Management Act (FEMA) regulations.
- A power of attorney may be used for application and further processes if the applicant cannot be present in person.
Application Fees
- Application Fee: Rs 1,100 plus GST.
- Registration Money: 10% of the plot cost.
2. Corporate Office Plot Scheme (YEA/INST 2024-2025/01)
Launch Date: 11th July 2024
Location: Sector 22E, near the upcoming Noida International Airport and Film City.
Plot Details
| Plot Number | Area | Base Rate Per Sq. m. | PLC |
|---|---|---|---|
| CO-01 | 5,000 sq. m. | Rs 35,000 | 5% |
| CO-02 | 10,000 sq. m. | Rs 34,500 | 10% |
| CO-03 | 15,000 sq. m. | Rs 34,000 | 5% |
| CO-04 | 20,000 sq. m. | Rs 33,500 | 10% |
Key Features:
- Allotment Method: Transparent e-auction process.
- Floor Area Ratio (FAR): 2.0 with 40% ground coverage for optimal space utilisation.
- Infrastructure: Features high-speed internet and uninterrupted power supply.
- Sustainability: Green building norms enforced for sustainable development.
Important Dates:
| Process | Date |
|---|---|
| Registration Start | July 11, 2024 |
| Registration End | August 9, 2024 |
| E-auction | September 6, 2024 (11 AM – 2 PM) |
Eligibility Criteria:
- Eligibility: Open to registered companies, LLPs, partnerships, and proprietorships.
- Turnover Requirement: Minimum Rs 50 crore over the last three financial years.
- Net Worth: At least 30% of the highest reserve price among applied plots.
- Experience: Preference for those with a history in developing and managing commercial spaces.
- Application Details: Must include a detailed project proposal and implementation timeline.
- Compliance: Mandatory adherence to all YEIDA building bylaws and regulations.
Application Fees
- Processing Fee: Rs 50,000 plus GST, non-refundable.
- Earnest Money Deposit (EMD): 10% of the reserve price.
3. Group Housing Plot Scheme (YEA-GH-07/2024)
Launch Date: 19th February 2024
Location: Sector 22D.
Plot Details
| Plot Number | Area (sq m) | Rate (per sq m) | PLC | EMD Amount (Rs) | Total Amount (Rs) |
|---|---|---|---|---|---|
| GH-01A/1 | 40,000 | 30,750 | 10% | 13.53 crore | 123 crore |
| GH-01A/2 | 20,000 | 30,750 | 10% | 6.765 crore | 61.5 crore |
| GH-01B/1 | 20,000 | 30,750 | Nil | 6.15 crore | 61.5 crore |
| GH-01B/2 | 20,000 | 30,750 | Nil | 6.15 crore | 61.5 crore |
| GH-01C/1 | 20,000 | 30,750 | Nil | 6.15 crore | 61.5 crore |
| GH-01C/2 | 20,000 | 30,750 | Nil | 6.15 crore | 61.5 crore |
Key Features
- Purpose: Ideal for comprehensive residential community developments.
- Floor Area Ratio (FAR): High at 3.5 to maximize development potential.
- Ground Coverage: Capped at 35% to maintain ample open spaces.
- EWS Housing: Mandatory 15% area reservation for Economically Weaker Section housing.
- Allotment Method: Competitive e-auction process.
Important Dates
| Process | Date |
|---|---|
| Registration End | June 6, 2024 |
| Announcement of Qualified Bidders | June 21, 2024 |
| E-auction Date | June 25, 2024 |
Eligibility Criteria
- Experience: Developers need at least 5 years in group housing projects.
- Net Worth: Minimum 30% of the highest reserve price among applied plots.
- Project Completion: Must have completed at least 2 group housing projects with completion certificates.
- Submission Requirements: Detailed project concept, financial plan, and implementation timeline.
- Regulatory Compliance: Must adhere to RERA regulations.
- Project Timeline: Commitment to complete the project within 7 years of allotment.
Application Fees:
- Processing Fee: Rs 10,000 + GST, non-refundable.
- Earnest Money Deposit (EMD): As per the plot
4. Institutional Plot Scheme (YEA/INST 2023-2024/05)
Launch Date: March 12, 2024
Location: Sector 22E
Plot Details
| Plot Number | Area (sq m) | Purpose | Base Rate (per sq m) |
|---|---|---|---|
| INS-01 | 40,490 | Higher Education | Rs 18,000 |
| INS-02 | 42,500 | Hospital | Rs 19,500 |
| INS-03 | 45,000 | Research Center | Rs 18,500 |
| INS-04 | 47,300 | Skill Development | Rs 17,500 |
| INS-05 | 48,827 | Sports Complex | Rs 16,500 |
Key Features
- Target Users: Ideal for educational institutions, hospitals, research centers, etc.
- Lease Duration: 90-year lease for long-term development.
- Building Norms: FAR and Ground Coverage tailored to institutional standards.
- Allotment Criteria: Based on a thorough evaluation of the project proposal.
Eligibility Criteria:
- Eligibility: Open to registered trusts and organizations in education, healthcare, research, etc.
- Experience Requirement: Minimum 5 years in operating similar institutions.
- Project Proposal: Must include detailed concept, design, and social impact.
- Financial Stability: Required financial capability to complete the project on time.
- Regulatory Compliance: Must adhere to specific norms (e.g., UGC norms for educational institutions).
- Operational Deadline: Commitment to commence operations within 5 years of allotment.
Application Process:
- Processing Fee: Rs 25,000 plus GST, non-refundable.
- Registration Fee: 10% of the total plot premium.
5. Commercial Footprint Plot Scheme (CFP-04/2024)
Launch Date: February 14, 2024
Location: Sector 22A
Plot Details
| Plot Number | Area (sq.m) | Base Rate per Sq. m. | PLC |
|---|---|---|---|
| CF-01 | 112 | Rs 260,000 | 5% |
| CF-02 | 124 | Rs 258,000 | 10% |
| CF-03 | 140 | Rs 255,000 | 5% |
Key Features
- Purpose: Perfect for retail outlets, showrooms, and small commercial setups.
- Utilization: High FAR of 2.5 and 50% Ground Coverage for optimal commercial use.
- Location Benefits: Prime spot ensuring high visibility and foot traffic.
- Allotment Method: E-auction for clear and fair pricing.
Important Dates
| Process | Date |
|---|---|
| Registration End | March 5, 2024 |
| E-auction Date | June 10, 2024 |
Eligibility
- Applicants: Open to individual investors, companies, and partnerships.
- Net Worth: Minimum requirement of Rs 1 crore to demonstrate financial stability.
- Experience: Preference for those with a background in commercial real estate development or management.
- Business Proposal: Must include detailed business plans and financial projections.
- Regulatory Compliance: Adherence to local commercial zoning laws and YEIDA regulations mandatory.
- Operational Deadline: Business operations must commence within 3 years of plot allotment.
Application Fees
- Processing Fees: Rs 10,000 + GST
- EMD: 10% of the reserve price
6. Mixed Land Use YEIDA Plot Scheme 2024 (MLU/2023-24/09)
Launch Date: January 1, 2024
Location: Sector 24
Plot Details
| Plot Number | Area (sq. m) | Base Rate per sq. m | PLC |
|---|---|---|---|
| MLU-01 | 60,705 | Rs 16,000 | 5% |
| MLU-01 | 48,000 | Rs 16,000 | 5% |
| MLU-01 | 91,225 | Rs 15,850 | 5% |
| MLU-01 | 46,596 | Rs 16,000 | 5% |
| MLU-01 | 52,000 | Rs 16,000 | 10% |
| MLU-01 | 40,000 | Rs 16,000 | 5% |
| MLU-01 | 40,000 | Rs 16,000 | 10% |
| MLU-01 | 40,000 | Rs.16,000 | 5% |
Key Features
- Development Flexibility: Combines residential, commercial, and institutional uses.
- Building Norms: FAR of 3.0 and 40% Ground Coverage for balanced development.
- Usage Requirements: At least 25% residential and 20% commercial use required.
- Allotment Criteria: Based on thorough evaluation of development concept and financial capability.
Eligibility Criteria
- Eligibility: Open to established real estate developers and consortiums.
- Experience: Minimum 7 years in mixed-use development projects.
- Net Worth: At least 50% of the plot’s reserve price.
- Submission Requirements: Detailed master plan and phased development strategy.
- Project Completion: Must have successfully completed at least one similar-scale mixed-use project.
- Sustainability Commitment: Adherence to sustainable development practices and green building norms.
Application Fees
- Processing Fees: Rs. 10,000 + GST
7. Data Centre Plot Scheme (YEA/INDDC-PARK (2024)-04)
Launch Date: January 1, 2024
Location: Sector 28
Plot Details
| Plot Number | Area (sq. m) | Base Rate Per sq. m. | PLC |
|---|---|---|---|
| DC-01 | 20,035 | Rs 14,084 | 10% |
| DC-02 | 20,095 | Rs 14,076 | 5% |
| DC-03 | 20,065 | Rs 14,080 | 5% |
| DC-04 | 21,383 | Rs 13,924 | 10% |
| DC-05 | 22,350 | Rs 13,821 | 5% |
Key Features
- Purpose: Designed for data centers and IT infrastructure.
- Power: Assured 24×7 supply with dedicated substations.
- Connectivity: High-speed fiber optic and robust security.
- Building Norms: FAR of 2.0 and 50% Ground Coverage.
Eligibility
- Applicants: Open to established data center operators and IT companies.
- Experience: Minimum 3 years in data center or IT infrastructure management.
- Net Worth: At least Rs 100 crore.
- Technical Proposal: Must include power needs and cooling solutions.
- Regulations: Must comply with data protection and cybersecurity norms.
- Sustainability: Commitment to green technologies.
- Job Creation: Plan to create a minimum number of skilled jobs in the region.
Application Fees
- Processing Fees: Rs. 5,00,000 + GST
Payment Structure and Financing
For all schemes, the general payment structure is as follows:
- Initial Payment: 10% at registration (EMD)
- Second Payment: 30% within 60 days of allotment
- Final Payment: Remaining 60% in 8 half-yearly installments
Financing Options:
- Residential Plot Financing: Major banks like SBI, HDFC, and ICICI offer up to 80% financing.
- Commercial and Institutional Plot Loans: NBFCs provide specialized financing options.
- Affordable Housing Projects: Government schemes like PMAY can be utilized for group housing plots
Infrastructure Development
YEIDA is committed to providing world-class infrastructure in the region:
- 8-lane Yamuna Expressway connectivity
- Proposed Metro link to Noida and Greater Noida
- Planned Multi-modal Transport Hub
- 24×7 water supply and power backup
- Dedicated freight corridor connectivity
- Smart city features including IoT-enabled utility management
Investment Potential
- Proximity to Delhi-NCR ensures steady demand
- Upcoming Noida International Airport expected to boost property values
- Planned Film City project to attract entertainment industry investments
- Data Center policy of Uttar Pradesh government offering additional incentives
- Proposed Eastern Peripheral Expressway connection enhancing connectivity
Environmental Considerations
- Mandatory rainwater harvesting for all plots above 300 sq m
- Solar power installation is required for all commercial and institutional plots
- Green belt development along major roads
- Waste management facilities planned for each sector
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Conclusion
The YEIDA Plot Scheme 2024 offers diverse investment opportunities in residential, commercial, institutional, and technological development. With its strategic location and planned infrastructure, the Yamuna Expressway area is poised for significant growth.
Investors should carefully evaluate plot categories, including mixed-use and data centre plots, aligned with India’s digital economy. Thoroughly review scheme brochures, understand application processes, and assess financial commitments before investing. Due diligence on future infrastructure plans and potential appreciation is advisable.
To seek any further assistance for your house hunting, contact us for a free consultation call today.
Frequently Asked Questions
Foreign companies can participate in the Data Centre Plot Scheme through their Indian subsidiaries or joint ventures.
They need to comply with FDI regulations and obtain necessary approvals from the Department for Promotion of Industry and Internal Trade (DPIIT). The application should be made through the Indian entity, which must meet the eligibility criteria specified in the scheme.
YEIDA may consider relaxations in development timelines for institutional plots on a case-by-case basis. Applicants need to submit a detailed project implementation schedule along with their proposal.
Extensions, if granted, usually come with additional fees. It’s advisable to present a realistic timeline in the initial proposal to avoid penalties for delays.
Mixed Land Use plots offer flexibility but come with certain restrictions. Typically, a minimum of 25% of the total FAR must be used for residential purposes, and at least 20% for commercial use.
The remaining can be allocated flexibly between residential, commercial, and institutional uses. Detailed land use restrictions are provided in the scheme brochure and must be adhered to during development.
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