YEIDA Allots 561 Residential Plots Near Jewar Airport

The Yamuna Expressway Industrial Development Authority (YEIDA) has allotted 561 residential plots near the site for the proposed international airport in Jewar.

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The Yamuna Expressway Industrial Development Authority (YEIDA) has allotted 561 residential plots near the site for the proposed international airport in Jewar.

The district administration, meanwhile, is preparing to restart the process of awarding compensation to farmers whose land will be acquired, after a clutch of petitions were filed in the high court recently demanding higher compensation. 

The allotments were made through a lucky draw, in an area where Sector 18 of Greater Noida is supposed to come up. The plots were in four categories — 54 plots measured 60 sq m, 128 measured 120 sq m, 12 measured 162 sq m and 367 measured 300 sq m.

An Authority official said around 2,200 people had applied for residential plots when the project was launched on January 28. “The last date for application was February 15. We’ve made the allotment at the community centre in Sector P-3,” said an official. Residential plots are in demand as Jewar airport will soon be a reality.

Allottees had to pay Rs 93,700, Rs 1,87,400, Rs 2,53,000 and Rs 4,68,600 respectively, as registration fees for the respective plots. The rest of the amount will be calculated at the current circle rate, Rs 15,620/sq m. These plots are reserved under categories like general, SC/ST, farmers, etc.

YEIDA also has three schemes to receive payment for allotted land. In the first scheme, allottees can pay the total premium within 30 days from date of allotment. 

In the second, 50% of the amount due can be paid within a month from the date allotment is done, while the remaining amount is payable in two equal half-yearly instalments. 

In the third option, 30% of the total premium should be paid within a month, while the remaining 70% shall be payable in 10 equal half-yearly instalments with interest at 10.5% per annum.

The allotments of leasehold plots, which can be used only for residential purposes, will take place over a 90-day-period. Allottees will have to complete at least 50% of the maximum construction permissible under FAR within three years from date of execution of the lease deed. 

Use of these plots for any non-residential purposes like shops, offices, clinics, nursing homes, schools, etc would amount to breach of terms and conditions, for which the allotment/lease would be cancelled.

FONRWA President N P Singh said the circle rate in Jewar is reasonable and people should invest there. “I feel land rates will shoot up once a project is completed,” he said.

Economic Times, Delhi/NCR

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