About 440 residential plots up for grabs near Jewar airport – ET RealEstate

GREATER NOIDA: Those looking to own a house close to the upcoming international airport in Jewar can now do so as the Yamuna Expressway Authority has launched a residential plot scheme.

Taking note of the demand for smaller plots, the Authority has floated a total of 440 residential plots measuring about 300 sqm. Earlier this week, the Authority launched some 367 industrial plots.

Officials said people will have time up to March 30 to apply for the residential plots. “Post-applications, the documents will be scrutinised. Allotment will be done through a draw of lots on May 5,” said YEIDA CEO Arun Vir Singh.

Sharing more details, the Authority officials said that the maximum number of plots (117) launched in the scheme admeasure 120 sqm. While plots measuring under 200 sqm will be available at the rate of Rs 16,870 for a sqm, the bigger ones will be offered for Rs 16,550 per sqm. The plots will be situated in sectors 17, 18, 20 and 22D along the Yamuna Expressway.

The industrial plot scheme will draw to a close on March 20 and allotment will be done through a draw of lots on April 15.

Industrial plots are being offered in Sector 33 for toy manufacturers, handicraft, handloom and furniture companies in Sector 29 and general industries or startups in sectors 32 and 33. Industrial plots will be allocated at the rate of Rs 6,670 a sqm.

While 24 plots are being offered in Sector 33 for toy manufacturers, YEIDA has earmarked 47 plots in Sector 29. Maximum number of industrial plots (296) will be available in sectors 32 and 33 to open general non-polluting industries.

YEIDA will develop the area and apart from constructing external and internal roads will also provide electricity connection, water connection, sewerage line and drainage system in the locality.



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Jewar airport in mind, YEIDA readies 20-year master plan – ET RealEstate

GREATER NOIDA: How much population will settle down along the Yamuna Expressway in the coming years? For the first time, the Yamuna Expressway Authority will have a realistic population estimate as it is getting its master plan ready to meet the region’s future demands, keeping in mind the Jewar airport project.

YEIDA’s present master plan is drawing to a close since it had been prepared to handle the needs of the city up to 2021. Preparing for the next two decades, the Authority will shortlist a town planner and an architectural consultancy firm next month to prepare Master Plan 2041.

Established in 2001, YEIDA launched its first plotting scheme in 2009. Sitting over the largest land bank spanning across six districts at that time, the then town planner had estimated that by the end of 2021, about 21 lakh people would settle down in the colonies and apartments being developed along the expressway.

However, only a handful of apartments remain inhabited and a residential colony is yet to be developed. The present urban population staying under YEIDA’s jurisdiction is estimated to be under 25,000.

Officials said the failure of the Jaypee Sports City and delayed payment by the group took a toll on the long-term planning of the area. However, the buzz around the Jewar international airport has reignited the hopes of the Authority.

YEIDA’s CEO Arun Vir Singh said, “Developers who had been allocated land along Yamuna Expressway to develop apartments did not pay up their dues. Without money, development work came to a halt and projects floated by the Authority had to suffer.”

“Since land had been allocated, the population estimates for 2021 were based on the timeline of such projects. But things have been moving at a fast pace due to the Jewar airport. Our residential and industrial schemes floated in the past are nearing completion,” he added.

Singh said that the planning division of the Authority has been asked to sit together with the consultancy firm for a detailed discussion before finalising the population estimates for 2041.

According to officials, the focus will be on developing the land between Chola railway station to focus on promoting logistics and warehousing activity. YEIDA will also ask the consultant to make transport nodes and roads to boost the connectivity of Jewar airport to neighbouring districts as well as Haryana.



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Affordable houses to come up along Yamuna expressway – ET RealEstate

GREATER NOIDA: The Yamuna Expressway Authority has earmarked Sector 18 for affordable housing. A plot measuring 12.35 acres has been selected for the project. With multiple industrial clusters being planned along the highway, a need to have proper accommodation for workers deployed in such units has been felt for long.

Sharing details, YEIDA CEO Arunvir Singh said that private firms have been asked to come forward and share ideas and design concepts for the affordable units. “We will go through the models being followed in other industrial townships. Since many workers migrate to big cities in search of green pastures, rental housing is also gaining traction. We want to create a sustainable township,” he said.

Within the next two to three years, YEIDA is expecting industrial activity to take off in the region. Consequently housing units for people engaged in such units will be needed.

The Authority will provide details of the scheme being planned in the area, along with the possession timeline to the firm. Apparel Park, Toy Cluster and allocation in Sector 32 are some schemes that are expected to generate employment in the area.

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