YEIDA Announces Scheme To Sell Plots Near Jewar Airport
To promote and boost the upcoming international airport at Jewar in Greater Noida, the Yamuna Expressway Industrial Development Authority (YEIDA) has launched a scheme offering plots for industrial, mixed-use and institutional purposes. The plots available under the scheme are located at sectors 29, 32 and 33 in Greater Noida, lying proximity to the upcoming airport.
This is for the first time that the authority has ventured into an open-ended scheme, which means that there would be no closing date for it. The allotment of these plots will be based on the submission of online application through Nivesh Mitra Portal (www.niveshmitra.up.nic.in) .
Size of plots (in sqm) | Price (Rs per sqm) |
Up to 4,000 | 6,670 |
4,000-8,000 | 5,680 |
8,000-20,000 | 4,810 |
20,000-40,000 | 4,370 |
40,000-80,000 | 4,210 |
Above 80,000 | 4,050 |
Eligibility
An applicant can be an individual, a proprietorship firm, a registered partnership firm, a limited liability partnership firm, a registered trust, a registered society, a private limited company, a public limited company, a public sector undertaking or a government or semi-government undertaking. The YEIDA has barred all kind of consortium from participation.
Documents required
Company
*Certificate of incorporation issued by the Registrar of the Companies
*Memorandum of Association and Articles of Association
Society
*Registration certificate issued by the Registrar of Societies
*Memorandum of Association of society
*Rules & Regulations of the society
Trust
*Registered trust deed
Partnership firm
*Form A and Form B issued by the Registrar of Firms
*Partnership deed
Individual/proprietorship firm
*Copy of PAN card/aadhaar card.
*Copy of passport/voter card.
*Copy of recent bank statement from any nationalised bank
Limited Liability Partnership (LLP) firm
*Certificate of incorporation issued by Ministry of Corporate Affairs
*LLP Agreement
Processing fee
Applicants will have to pay a non-refundable and non-adjustable processing fee of Rs 25,000 and taxes to the authority’s account in ICICI Bank. Details of which are:
ICICI Bank,
Greater Noida Branch,
Account number: 218305500106;
IFSC code: ICIC0002183
Registration fee
The registration fee will have to paid once the applicant’s bid is selected. The interested party will have to pay the 10 per cent of the total cost of the plot. This is an adjustable or refundable component, the payment of which has to be made to the above-mentioned bank account.
Allotment fee
30 per cent of the total cost | Within 60 days from the date of issue of allotment letter |
70 per cent of the remaining cost | 10 equal half-yearly instalments with an interest of 10.5% annually |
Investor can pay the full cost after allotment to avail 2% rebate on the total cost. |
Corner plots, park facing or green belt-facing plots and plots located on 45-metre wide roads will carry extra premium and the allottee has to pay five per cent of the total cost as the location charge.
Development on plot
Once the plot has been allotted, the owner has to get its building plan approved from the authority that should be in adherence to the building regulations of the YEIDA.