YEIDA conducts lottery draw for Plot Scheme 2021


The YEIDA held the lottery draw for its residential plot scheme along the Yamuna Expressway.

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The Yamuna Expressway Industrial Development Authority (YEIDA) announced the lottery draw winners for its residential plot scheme, on July 7, 2021. The draw was held at the Greater Noida office and was streamed live on Facebook. The draw was earlier postponed due to the COVID-19 pandemic. The Authority was earlier expected to announce the results for its residential plot scheme 2021 along the Yamuna Expressway, on May 5, 2021. Under this scheme, around 440 residential plots, ranging from 60 sq metres to 4,000 sq metres in size, were put on sale by the YEIDA, near the upcoming Jewar airport and were to be allotted through a lottery draw system.

The final list of approved applications was published on June 21, 2021. Also, due to COVID-19 pandemic, only 10% of the applicants were chosen to be present at the draw site. The list of approved applicants who can appear at centre during the lottery procedure was published on the official site on June 22.

According to the Authority, around 50,000 applications were received for residential plots and 4,200 applications for industrial plots. Interestingly, only six applications have been received for 11 plots of 4,000 sq metres and two for 2,000 sq metres while 16 plots were on offer in this category.

According to YEIDA officials, the land site will be divided into four sectors – 17, 18, 20 and 22D. In addition to this, around 22.5% of the vacant plots will be allotted to applicants from the ‘farmers’ category and ‘industrial/institutional/commercial’ category.

 

Important dates for YEIDA Jewar Plot Scheme 2021

 

Important datesEvent
March 1, 2021Registration begins
March 30, 2021Registration ends
May 5, 2021Draw date (postponed)
July 7, 2021Lottery draw

 

YEIDA Residential Plot Scheme 2021: Details

The Yamuna Expressway Authority has offered around 400 plots for which the applicants need to apply with 10% registration amount at any ICICI Bank branch. For the ease of applicants, the Authority is offering three types of payment plans:

OptionPayment plan
Option 1100% of the total premium of the plot (including registration fees) to be paid within 60 days from the date of issue of the allotment letter.
Option 250% of the total premium of the plot (including registration fees)to be paid within 60 days from the date of issue of the allotment letter and the remaining 50% amount of the total premium to be paid in two equal half-yearly instalments, from the 61st day from the allotment.
Option 330% of the total premium of the plot (including registration fees) to be paid within 60 days from the date of issue of the allotment letter and the remaining 70% of the amount to be paid in 10 half-yearly instalments from the 61st day from the allotment.

 

See also: All about the DDA Housing Scheme

 

According to the details furnished on the YEIDA’s website, the following property options were available for the applicants:

Size of Plots (in sq metres)Registration amountNumber of plots
60 sq mRs 1,01,20068
90 sq mRs 1,51,80064
120 sq mRs 2,02,400117
300 sq mRs 4,96,50060
500 sq mRs 8,27,50029
1,000 sq mRs 16,55,00075
2,000 sq mRs 33,10,00016
4,000 sq mRs 66,20,00011

 

To make the most of its plot scheme, the YEIDA is also levying an additional premium for select plots.

LocationPreferential location charges
Park facing / green belt5%
Corner plot5%
Plot on 18-metre road5%
If all the above conditions are met15%

 

YEIDA Plot Scheme 2021: Allotment procedure

Depending upon the number of applicants, the allotments will be done through a draw of lots. For each category, draws will be held separately on May 5, 2021. Also, the draw will be held on the basis of payment plan selection. For example, the first draw will be held for those applicants who choose Option 1, followed by Option 2 and then, Option 3.

 

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