Lucknow: The Uttar Pradesh Government, under the leadership of Chief Minister Yogi Adityanath, is set to introduce an ambitious housing scheme near the under-construction Jewar Airport. The Yamuna Expressway Industrial Development Authority (YEIDA) will offer approximately 6,000 plots at affordable prices, marking a significant step towards making homeownership accessible in this rapidly developing area.
“This new initiative allows individuals to purchase a 30 square meter plot for as little as Rs 7.77 lakh, making homeownership near Noida International Airport (Jewar Airport) more accessible,” said an official from YEIDA. Interest in properties within the YEIDA area has surged since the selection of the developer for Noida International Airport. In YEIDA’s last residential plot scheme, over 150,000 applicants sought allotments, indicating high demand for these properties. Consequently, YEIDA has planned and allotted smaller plots aimed at economically weaker and low-income groups.
The proposed cost for a 30-square-meter plot is Rs 7.77 lakh, based on the current allotment rate of Rs 25,900 per square meter. An official from YEIDA stated that preparations for the scheme are progressing rapidly. Previously, around 28,900 plots, ranging from 60 to 4,000 square meters, have been allotted in Sectors 16, 17, 18, 20, and 22D.
The strategic importance of the scheme is underscored by the Yamuna Expressway, which connects Delhi, Noida, Greater Noida, Agra, Mathura, Aligarh, and Faridabad. The scheme includes several reservation provisions: 25 percent of the plots will be reserved for workers employed in industrial units allotted by YEIDA, 5 percent for employees of institutions allotted by YEIDA, and 5 percent each for ex-servicemen, war widows, and SC-ST categories. Additionally, 4 percent of the plots will be reserved for disabled individuals. The remaining 51 percent will be available for general applicants.
Eligibility criteria for applicants include being an Indian citizen at least 18 years old. Individuals can only apply once, and those who have previously received plots or flats under any scheme will not be considered. Applicants’ annual income should not exceed three lakh rupees, and an income certificate and a residence certificate from the state government must be submitted with the application.
Successful applicants will face restrictions on transferring the allotted plot for ten years. Furthermore, within 60 days of allotment, applicants must pay 30 percent of the total premium, including the registration fee and any applicable GST. The remaining 70 percent must be paid in ten equal installments at a 10 percent interest rate.
This initiative by the Uttar Pradesh Government reflects its commitment to providing affordable housing solutions and supporting economic development around the Jewar Airport area. As the region continues to develop, this scheme is expected to attract significant interest and contribute to the overall growth and infrastructure development of the area.
