Big relief homebuyers! The Yamuna Expressway Authority (YEIDA) will be soon starting the possession of over 15,000 residential plots allotted to plot owners in 2009. According to officials, possession on 7,330 plots in Sector 18 and 8,019 plots in Sector 20, under the Yamuna Expressway Industrial Development Authority (YEIDA) area, would begin from October and continue till March 2019.
A senior YEIDA official said, “A total of 22,532 plots were allotted to people under the Residential Plot Scheme 1 (RPS 1) in 2009. Due to property disputes and court cases, all these plots were stuck and are not offered for possession,”
He further said that out of 22,532 plots, legal hassles on 15,349 plots have been cleared now. Moreover, work on the basic infrastructure including roads, sewer, and drainage system besides demarcation in the residential plots has also started, so that the authority can soon offer their possession.
Under the Residential Plot Scheme 1 (RPS 1), the plots offered were in the size range of 120 sq meters to 4,000 sq meters in 2009. Since then, the price of these plots has increased threefold.
“The circle rate in 2009 was Rs 4,700 per sq meter and in 2018 it is Rs 15,500 per sq metre,” Official added.
Apart from this, YEIDA will also be starting the possession of 1,800 plots that were allotted to people under the Residential Plot Scheme 2 (RPS-2) in 2015. The plots were to be offered in 2019, but as 667 plots are ready, so the authority will hand over them to their owners by this year-end.