YEIDA Housing Scheme: Why Is It A Golden Opportunity To Invest In NOIDA, Greater Noida, Yamuna Expressway?

At a time when the Jewar Airport in the nearby area is getting ready to see its first flight from its busy tarmac, the Yamuna Expressway Industrial Development Authority (YEIDA) has come out with a unique housing scheme. After the housing plot scheme, the YEIDA announced a separate scheme in which 1,239 flats would be sold on a first come first serve basis.

Golden Opportunity For Investment

The scheme is being viewed as a unique opportunity to invest money, besides an opportunity to live in the areas for those who have been moved to the new area.

In what may be called a green-field area, the housing scheme can also be seen as an opportunity for investing money. As the area is being developed at a fast pace with an airport in the vicinity, it may soon become a hot spot for investment. The area will become extremely expensive very soon and the cost of each category of flats will soar.

Cost Of The Flat

The YEIDIA has issued the notification and the brochure will be made available from September 19, 2024. The authority has fixed the price of the two-room flats from Rs 23.37 lakh to Rs 45.90 lakh.

Talking to journalists, Dr. Arun Vir Singh, Chief Executive Officer (CEO), YEIDA, said earlier “The forthcoming project under the group housing scheme, in close proximity to the Yamuna Expressway, is set to commence soon, with flats being distributed through an auction process. Notably, builders previously declared as defaulters by any of the three authorities will not be eligible to participate in the application process."

It may be said that the decision to launch an affordable housing scheme, aims to construct approximately 20,000 flats across 20 plots situated in three sectors along the Yamuna Expressway.