YEIDA launches 5 schemes

GREATER NOIDA: Yamuna Expressway Industrial Development Authority (YEIDA) has launched five schemes in its area on June 1, 2016. On offer are flats in residential and plots in industrial, institutional and commercial land use categories.

YEIDA has put on offer 280 residential flats of sizes 29.76 meters and 54.75 meters. While the smaller units number 200 and will cost Rs 11 lakh, the bigger ones number 80 and will cost Rs 19 lakh. These units will be allotted through draw of lots to prospective allottees. As per officials, the aim is towards aiding development in the YEIDA area. "These flats have been left over from previous schemes," said Arunvir Singh, Chief Executive Officer (CEO), YEIDA. "These residential flats will be allotted on a lottery basis," said Singh. "They are located in sector 22D of YEIDA area," he said.

YEIDA will also auction commercial plots in its area. These plots have been reserved at a prices of Rs 34,080 per square meters for commercial use for investors and entrepreneurs. The successful technical bids will be finalized on June 30, 2016. According to officials, the scheme titled 'Footprints for Commercial Use' comes with controlled design features on 'as is where is basis'. "The development and construction of building to be used for commercial use are being offered on 90 year lease," said Singh. The plots will be developed by the YEIDA, while construction will have to be carried out by the prospective allottees.

Officials further said that 106 institutional plots are also available to investors. The allotment price for these plots has been fixed at Rs 7,560 per square meter. These plots are located in sectors 18, 20 and 22 and the scheme is open-ended. Allotments will be made on first come first basis and on the basis of interviews. Meanwhile, 339 industrial plots up to 2000 square meters in size are also on sale. These plots will be allotted at a price of Rs 6,405 per square meters and are located in sectors 29 and 32. This scheme will close on June 30, 2016, officials said.

SOURCE: THE TIME OF INDIA