Jewar Airport Land Allotment: 34,000 Apply For 451 Plots, YEIDA Rakes In Rs 1,493 Crore
Final Up to date:
The land allotment scheme, which can conclude with a lottery draw scheduled for December 27, presents varied plot sizes.
A authorities notification for land acquisition for the proposed worldwide airport, in Jewar. (PTI Photograph)
The fast tempo of improvement in Higher Noida, notably across the upcoming Jewar Worldwide Airport, has sparked an unprecedented demand for land within the area. On October 31, Yamuna Expressway Industrial Growth Authority (YEIDA), also referred to as Yamuna Vikas Pradhikaran, launched a extremely anticipated land allotment scheme for plots close to the airport. The scheme, which was unveiled on the event of Diwali, witnessed an amazing response from potential consumers.
As of now, 34,180 candidates have paid the registration price and submitted their varieties to safe one of many 451 out there plots within the area. With the deadline for functions set for November 30, the authority has already collected a staggering Rs 1,493 crore in registration charges alone, earlier than even promoting a single plot. This quantity marks a exceptional monetary increase for YEIDA.
Overview of the Scheme
The land allotment scheme, which can conclude with a lottery draw scheduled for December 27, presents varied plot sizes, starting from 120 to 260 sq. metres. The distribution is as follows:
- 120 Sq. Metre Plots: A complete of 100 plots can be found. Up to now, 12,702 people have bought utility varieties, and 6,987 of them have paid the registration price.
- 162 Sq. Metre Plots: A complete of 169 plots are up for grabs. As of now, 18,963 individuals have purchased varieties, with 10,774 of them submitting the varieties together with the required price.
- 200 Sq. Metre Plots: The scheme contains 172 plots of this measurement. A big 26,321 people have proven curiosity by buying utility varieties, with 15,347 candidates finishing the method by submitting their varieties and charges.
- 250 Sq. Metre Plots: Solely 6 plots of this measurement can be found, but 1,070 people have bought the applying varieties, and 625 have paid the registration price.
- 260 Sq. Metre Plots: A complete of 4 plots can be found on this class, and regardless of the restricted quantity, 810 people have bought varieties, with 447 finishing the registration course of.
Large Demand in Rising Area
The large response to this scheme displays the rising curiosity in land across the Jewar Airport, which is ready to turn into one of many largest aviation hubs within the nation. The area’s infrastructure improvement, coupled with the promise of improved connectivity and elevated financial exercise, has made it a hotbed for actual property hypothesis and funding.
The success of the land scheme is not only an indicator of the demand for plots but additionally highlights the rising confidence within the area’s future prospects. The authority’s choice to launch the scheme has not solely attracted native residents but additionally traders from throughout the state and even from outdoors Uttar Pradesh.
Monetary Windfall for YEIDA
The Rs 1,493 crore collected by YEIDA by way of the registration charges represents a considerable monetary achieve for the authority, which can assist fund additional infrastructure improvement within the area. The funds are anticipated to contribute in direction of the creation of primary facilities, roads, and utilities, making certain that the land turns into absolutely usable as soon as allotted.
The excessive registration charges and the variety of candidates mirror the attractiveness of the area and the rising demand for land, as many look to capitalise on the alternatives created by the Jewar Airport undertaking. The large monetary influx might additionally sign additional funding and improvement alternatives for each the federal government and personal entities within the space.
Future Prospects
With the deadline for functions approaching, the ultimate variety of candidates is anticipated to develop even additional, as curiosity in land close to the airport continues to rise. The draw on December 27 will decide the fortunate people who can be awarded the coveted plots.
This land allotment scheme has clearly positioned the Yamuna Vikas Pradhikaran as a significant participant within the area’s actual property increase, and the realm round Jewar Airport is rapidly rising as some of the sought-after locations for each homebuyers and traders in Uttar Pradesh.
- Location :
Higher Noida, India
