Overwhelming response for Yamuna E-Way plot scheme
Real Estate

Overwhelming response for Yamuna E-Way plot scheme

Barely three weeks since its launch, the plot allocation scheme by the Yamuna Expressway Industrial Development Authority (YEIDA) has witnessed an overwhelming response. The scheme offers plots for independent houses near the upcoming Noida International Airport, and it has been perceived as a real estate opportunity not to be missed. More than 1.73 lakh users have registered on the portal, competing for just 1,184 plots available. The rush has seen 1.23 lakh forms purchased online, 1.1 lakh applications submitted, and 78,290 applicants paying 10% earnest money. The scheme, which concludes its application period on Friday, offers residential plots of various sizes across different sectors.

Notably, only 19 plots are available in the largest size of 2,000 square meters. The plots, priced at Rs 24,600 per square meter, will be allocated through a draw of lots on October 18, with applicants who have paid earnest money being given preference.

YEIDA CEO Arun Vir Singh expressed his enthusiasm over the response, stating that this is the first time YEIDA has received such a tremendous number of applications. The plot schemes around the Yamuna Expressway started generating interest due to the progress in constructing the Noida airport, sparking a renewed interest in housing plots. The strategic location, now bolstered by infrastructure projects like the Apparel, Toy, and Medical Device parks, as well as the proposed Film City, has positioned the area as a prime investment opportunity, erasing concerns about distance and development.

Barely three weeks since its launch, the plot allocation scheme by the Yamuna Expressway Industrial Development Authority (YEIDA) has witnessed an overwhelming response. The scheme offers plots for independent houses near the upcoming Noida International Airport, and it has been perceived as a real estate opportunity not to be missed. More than 1.73 lakh users have registered on the portal, competing for just 1,184 plots available. The rush has seen 1.23 lakh forms purchased online, 1.1 lakh applications submitted, and 78,290 applicants paying 10% earnest money. The scheme, which concludes its application period on Friday, offers residential plots of various sizes across different sectors.Notably, only 19 plots are available in the largest size of 2,000 square meters. The plots, priced at Rs 24,600 per square meter, will be allocated through a draw of lots on October 18, with applicants who have paid earnest money being given preference.YEIDA CEO Arun Vir Singh expressed his enthusiasm over the response, stating that this is the first time YEIDA has received such a tremendous number of applications. The plot schemes around the Yamuna Expressway started generating interest due to the progress in constructing the Noida airport, sparking a renewed interest in housing plots. The strategic location, now bolstered by infrastructure projects like the Apparel, Toy, and Medical Device parks, as well as the proposed Film City, has positioned the area as a prime investment opportunity, erasing concerns about distance and development.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code