Yamuna Authority announces residential plots scheme near Jewar Airport
Img : masterbuilder

In order to develop residential areas around Jewar Airport, the Yamuna Authority (YEIDA) has recently launched a new scheme wherein they will sell over 1000 plots in nearby sectors. The scheme was announced on October 9 and interested buyers can apply online for the scheme from October 11.

According to the authority officials, the plots will be available in various configurations ranging from 120 and 500 square meters. The buyers will get the possession of these residential plots after two years.

A senior official said, “Interested buyers can apply online for the scheme from October 11, while the brochures will be available from October 15. The plots are located in sectors 18, 19, 20, 22A, 22C and 22D.”

He further said that all these plots are just 5 to 7 kilometers away from the proposed Jewar International Airport and hence buyers will get good ROI in future too, once the airport will become operational from 2022-23.

“The online application process would start on October 11 and end on November 10. The allotment would be done through a lucky draw that will be held on December 21.  Property buyers can also visit the branches of HDFC Bank and ICICI Bank to know more about the scheme from October 15.” Official added.

However, only individual property buyers can apply for plots under this scheme. Real estate developers and multi-property owners cannot apply for the scheme. Those buyers who have been allotted plots by the YEIDA earlier cannot apply in this scheme.

The number of plots in some configuration may also increase in future. The rate of these plots is fixed at Rs 15,600 per square meter. Buyers will have the option to make the payment in one time or go for paying in installments.