The Yamuna Expressway Industrial Development Authority (YEIDA) is gearing up to launch a new affordable housing scheme near the Noida International Airport, offering plots for economically weaker sections (EWS) at an attractive price of ₹7.5 lakh. This initiative aims to provide housing opportunities for factory workers and others with an annual income of ₹3 lakh or less, addressing the increasing demand for affordable housing in the region.
Scheme Details and Launch Timeline
YEIDA plans to offer at least 3,000 plots, each measuring 30 square meters (sqm), in Sectors 18 and 20, strategically located near the Noida International Airport in Jewar. The scheme is awaiting final approval from the YEIDA board, which is expected on June 18, 2025, after which the launch date will be announced. This scheme reflects YEIDA's commitment to catering to the service sector, including factory workers, security guards, and domestic help, who are essential to urban centers.
Eligibility and Reservations
The scheme is specifically designed for individuals from economically weaker sections. YEIDA has set certain reservation quotas to ensure inclusivity:
Payment and Construction
YEIDA has fixed the cost of the 30 sqm plot at ₹7.5 lakh, offering a viable option for EWS families to own property near the airport. Successful applicants will have the option to pay in installments over a period of up to seven years, easing the financial burden.
Strategic Location and Connectivity
The location of these plots is a major advantage, with close proximity to the Noida International Airport, the Yamuna Expressway, and other key infrastructure projects. This connectivity ensures that residents will have easy access to Greater Noida, Agra, and Mathura. The Eastern Peripheral Expressway (EPE) is also nearby, enhancing connectivity to other regions.
Other Recent and Ongoing YEIDA Schemes
YEIDA has been actively launching various schemes to cater to different segments of the population. Recent schemes include:
Financial Implications and Rate Hikes
It's important to note that YEIDA has recently increased land allotment rates across all categories. Residential plot costs have risen to ₹35,000 per square meter, a 35% increase from the previous financial year's ₹25,900 per square meter. Despite these increases, the new affordable housing scheme aims to provide a more accessible entry point for EWS families.
How to Apply
While the specific application process for the new affordable housing scheme is yet to be announced, prospective buyers can generally apply for YEIDA plots online through the Yamuna Expressway Authority's official website. The general steps include:
Overall Impact
The YEIDA affordable housing scheme near Noida Airport is a welcome move to address the housing needs of economically weaker sections. By offering plots at a reasonable price with flexible payment options, YEIDA aims to empower more families to own property and benefit from the region's growing infrastructure and connectivity.