Noida: 416 housing plots up for grabs near Jewar airport site

GREATER NOIDA: The residential plot scheme launched by the Yamuna Expressway
Authority in December last year near the upcoming Jewar airport closed on January 24 with
over 30 times the response.
As against 416 plots on offer in sectors 16, 18 and 20 of YEIDA, located 6km from the upcoming
airport, some 13,889 applications were received by the Authority, officials said on Wednesday.
The plots range from 120-500 sqm and 1,000-4,000 sqm, while the asking circle rate is between
Rs 17,400 and Rs 17,800 a sqm.
A maximum of over 7,000 applications were received for plots of 120 sqm whereas a minimum
of two applications were received for plots of 500 sqm. Interestingly, bigger plots of 1,000, 2,000
and 4,000 sqm attracted only 128, 27 and 21 applicants, respectively. The draw of lots will be
conducted once the model code of conduct is lifted, according to officials.
“A total of 13,889 applications were received for 416 plots offered under the scheme. This
number may increase after the consolidation of data. The circle rate will be Rs 17,800 per sqm
for plots up to 200 sqm, while it is Rs 17,400 for plots above 200 sqm,” said Shailendra Bhatia,
OSD to YEIDA.
“This huge response shows the huge interest of people in the Yamuna Expressway area. Apart
from the upcoming airport in Jewar, interest has also risen due to the different development
projects that have been launched by us, including the International Film City, industrial parks
and a high-speed rail project,” the senior YEIDA official added.
Earlier too, YEIDA had launched a residential plot scheme of 440 plots.