Yamuna Expressway development body allocates 1,000 residential plots near Jewar – ET RealEstate

GREATER NOIDA: Yamuna Expressway Industrial Development Authority (YEIDA) on Thursday allocated close to 1,000 residential plots. The Authority is expected to rake in Rs 336 crore through the latest residential scheme. The plots were in a lot of demand since the Authority received as many as 2,452 applications for 1,075 plots.

As expected, the smaller plots generated higher response, while YEIDA had to struggle to find takers for plots measuring over 500 sqm. Being developed along the Yamuna Expressway in sectors 17, 18, 20 and 22D, the plots were floated on August 24.

Conducting the draw of lots at the community centre located in Sector P3 of Greater Noida, the Authority sold off 985 out of the 1,075 plots. YEIDA commands a premium of Rs 16,550 per sqm for residential plots. The plot size ranged between 120 sqm and 4,000 sqm. The smallest plot was worth Rs 19.86 lakh.

YEIDA CEO Arun Vir Singh said, “People who have bought these plots will be able to reach the Jewar airport within 20 minutes. Sector 22D is located behind Buddh International F1 circuit in Dankaur and Electronic City has been planned next to the sector.” The CEO said that the demand for plots has gone up now as the concession agreement for the development of the project has been inked with Zurich AG.

The Authority is identifying the plots which were grabbed in the past schemes but withdrawn by the original owners due to insufficient funds or other reasons.

“A scheme of such leftover plots will be launched soon,” said OSD Shailendra Bhatia.

During the allotment process, it was found that not many people were interested in buying residential plots spread over land parcels measuring more than 500 sqm. The 90 unsold plots are over 500 sqm or more.

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Noida will use drones to map land in 300 villages – ET RealEstate

NOIDA: What do hundreds of villages in the district have to do with drones? For the first time, these unmanned aerial vehicles will be hovering over the skies of 322 villages under Jewar, Dankaur, Bisrakh and Dadri blocks, flying at regular intervals to capture images of the land below.

The initiative is part of a scheme that was launched by Prime Minister Narendra Modi on April 24. It was conceived to strengthen the gram panchayats by updating the records of properties and assets by providing property cards to the household owners. Despite staying in the same village for several generations, the rural population in Uttar Pradesh does not have any document to prove ownership of residential land.

Only the inhabited portion of the village where people have built residential properties would be covered under the Samitva scheme for preparing a comprehensive database of the residential clusters.

Nodal officer for the scheme, additional district magistrate Diwakar Singh, said that the schedule is being prepared and ground activity has been initiated across 122 rural villages that will be covered in the first phase. “By August 15, we would complete the entire project and cover 322 villages,” said Singh. He added that the revenue department would update the land records and execute deeds.

“Owner of any residential property in a village would get a property card mentioning the details of his/her dwelling unit. This will not only settle long-standing disputes but also help villagers in seeking loans from financial institutions by mortgaging their property,” said KS Yadav, district panchayat raj officer. The officer added that taxes can also be collected in the future once the property title gets verified.

Survey of India will provide the drone technology and operate reference station technology for capturing images and mapping the data.

Meanwhile, Yadav is trying to conduct an awareness program to sensitise villages and create awareness about the exercise.

Singh added that Survey of India is likely to confirm the dates by July 25. Across Uttar Pradesh, more than 53,000 villages have to be surveyed.

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