YEIDA Launches Over 1,200 Flats Near Noida International Airport

23 Sep 2024 CW Team

The Yamuna Expressway Industrial Development Authority (YEIDA) has introduced a new housing scheme offering more than 1,200 flats in Sector 22D, near the upcoming Noida International Airport. The scheme, which began on Thursday, will continue until March 31, 2025, or until all units are sold on a ‘first come, first serve’ basis.

Affordable Housing Options The scheme includes three types of flats:

1BHK Affordable Flats: 276 units, priced at ?23.4 lakh (ground floor) and ?20.7 lakh (upper floors), with an area of 29.8 sqm. 1BHK Flats: 713 units in four-storey buildings, priced at ?33 lakh, with an area of 54.7 sqm. 2BHK Flats: 250 units in buildings up to 16 floors, priced at ?45 lakh, with an area of 99.9 sqm. Application Process and Eligibility Applicants can apply online through the YEIDA website by paying a non-refundable registration fee of ?600 and an earnest money deposit (EMD) of 10% of the flat’s price. Only Indian citizens over 18 years of age who have not previously been allotted any flats by YEIDA are eligible.

Payment and Possession The payment options include a one-time payment plan with a 2% discount or an installment plan allowing buyers to pay over five years. Flats will be handed over after 30% of the total premium is paid and the lease deed is executed.

YEIDA will provide initial maintenance for two years before an Apartment Owners Association (AOA) takes over management.

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