YEIDA to launch housing plot scheme near Jewar airport site soon – ET RealEstate

GREATER NOIDA: The Yamuna Expressway Authority plans to launch a residential plot scheme in sectors 17 and 22D near the upcoming international airport at Jewar by October this year.

Officials have been told to locate about 1,000 feasible plots ranging from 120 to 300 sqm in these two sectors.

GNIDA is also preparing to launch a built-up residential housing scheme in sectors Xu 1, 2 and 3 by the middle of this month.

“Work is underway to locate plots for the residential plot scheme in sectors 17 and 22D of the Yamuna Expressway area. Instructions have been given by the CEO to draw up the scheme for launch latest by early next month,” said an official from YEIDA.

GNIDA officials, meanwhile, said that their property department has made all preparations, including the brochure, for the residential housing scheme that is expected to be launched by mid-September.

For this, about 113 built-up buildings as well as plots, which had been left out of allotment earlier, have been identified by the Authority in sectors Xu 1, 2 and 3.

“Some 12 buildings of 200 sqm in Sector Xu 1, 16 buildings of 120 sqm in Sector Xu 2, and 85 plots of 120 sqm in Sector Xu 3 have been identified. The cost of a 120 sqm building will be around Rs 58 lakh while that of a 200 sqm building will be around Rs 82 lakh,” an official said.

“Allotment will be done on a first come first serve basis. Preference will be given to allottees opting to make a lump sum payment. There will also be an option to pay in instalments. The applicant will have to apply by paying 10% of the total cost and only through the online application process,” he added.

While the link to apply for the scheme will be available on the GNIDA website, the successful applicants will have to deposit 20% of the total amount within 60 days from the date of allotment.

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Over 15,000 apply for 440 YEIDA residential plots – ET RealEstate

GREATER NOIDA: Amid Covid-19, the response to Yamuna Expressway Industrial Development Authority’s (YEIDA) residential plot scheme was good. As against 440 plots ranging between 60 sqm and 4,000 sqm on offer across sectors 17, 18, 20 and 22D, total applicants were 15,624.

YEIDA allotted 422 plots out of the 440, where a maximum of 117 allotments were given to plot size of 120 sqm, followed by 75 allotments for 1,000 sqm plots. There were also three allotments for 2,000 sqm plots and six allotments for 4,000 sqm plots.

The circle rates at which the scheme was launched include Rs 17,800 for plots up to 200 sqm and Rs 17,400 for plots beyond 200 sqm, officials said. Further, each plot size had reserved lots for three categories — farmers, differently abled and the general public.

Shailendra Bhatia OSD to YEIDA, said, “Just like our industrial plot scheme allotments held last month which got a 10 times response, the draw of lots of our residential plot scheme held on Wednesday had a great response. We got a total of 15,624 applications for the 440 plots that were offered across sectors 17, 18, 20 and 22D. Allotment was given to 422 applicants.”

“This shows that there’s tremendous interest in the Yamuna Expressway region for residential development as people expect better living conditions with the upcoming Jewar airport and industry response to the region,” he added.

Keeping Covid appropriate behaviour of social distancing, the draw of lots was held at the community centre in Sector Pi 3, amid videography where only 2% of the applicants were allowed to physically participate. The remaining applicants watched the process online.

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A decade gone, Jaypee Sports City homebuyers seek YEIDA’s help – ET RealEstate

NOIDA: Uncertainty looms large over the fate of more than 5,000 homebuyers who have invested money in the real estate projects that were part of Jaypee Sports City, a township along the Yamuna Expressway in Greater Noida.

Even after paying 80% of the total unit cost and waiting for a decade, these buyers have no clarity when they will get possession of the properties.

Jaypee Sports City Homebuyers Welfare Society, the association of the homebuyers stuck in the projects, on Saturday forwarded their representation to Yamuna Expressway Industrial Development Authority and urged officials to consider their interests during the next board meeting.

The subsidiary of Jaiprakash Associates floated 15 different projects under its master plan. Among them seven projects are in various stages of construction and 5,235 individuals have bought properties in the seven projects. Three of them were group housing projects — Kassia, Kove, Buddh Circuit Studios — while the other four offered developed plots and villas — Country Homes 1, Country Homes 2, GreenCrest Homes and Krowns.

Vice president of the society, Sunil Kumar Sharma said, “If at all the proposal of the Jaypee Associates is approved by the YEIDA’s board, we want officials to ensure that the interests of the homebuyers is fully protected. The possession schedule of the seven projects needs to be taken into account before any relief is offered to the group.”

The group of buyers also pointed out that the Uttar Pradesh government should order an inquiry against former YEIDA officials who were instrumental in offering relaxations to the group till 2017-18. “Moreover, due to Covid-19 lockdown and limited visits of plot owners to the projects, some local villagers encroached upon the land for carrying out farming,” said Shamendra Singh, a member of the society.

In December 2019, YEIDA cancelled the allotment of the lease deed and took back possession of the 2,500-acre land over non-payment of dues. YEIDA officials said that the dues amount to about Rs 950 crore at present.

To resolve the crisis, YEIDA will move a representation before senior UP government officials during the next board meeting. “We want the projects to be ready and hence have taken strong measures. We will certainly take the plea of buyers into consideration,” said Authority CEO Arun Vir Singh.

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Rehabilitation of displaced families for Noida airport to be complete by July 15 – ET RealEstate

GREATER NOIDA: The rehabilitation of all displaced families, without which work on the first phase of the Noida airport project cannot start, is expected to be completed by July 15.

On Wednesday, Meerut divisional commissioner Surendra Singh visited the six villages where the proposed Jewar airport will come up, to monitor the progress of the rehabilitation process.

Nearly 600 of the over 3,000 families have partially been moved from their homes, out of which a majority of the families are from Nagla Ganeshi, Nagla Phoolkan and Dayanatpur Khera villages.

In the first phase, officials have to get all the six villages vacated to organise the foundation stone laying ceremony for the Noida International Airport project. Meanwhile, villagers have said they are not being given time to complete the construction of their houses in Jewar Bangar township and are instead being asked to shift immediately.

In fact, senior UP government officials are monitoring the progress of the project on a daily basis. A WhatsApp group has been formed to share the updates and issues about the airport project on a real-time basis with officials in Lucknow. The Gautam Budh Nagar administration, which has deployed nine sub-divisional magistrates, sends the status report to the chief minister’s office every evening. Senior officials of Yamuna Expressway Industrial Development Authority and representatives of Yamuna International Airport Private Limited (YIAPL), the special purpose vehicle established by the UP government to jointly develop the project, also had a discussion with the divisional commissioner in the evening.

YEIDA’s CEO Arun Vir Singh, who is also the head of YIAPL, said, “Villagers are being given all the support to get their house constructed over the plots allocated to them in Jewar Bangar. We are providing 24-hour supply of electricity and water so that the construction of houses can take place even during the night. Nagla Ganeshi and Kishorepur have already been vacated and all the 250 families in them have shifted.”

Of the total 1,334 hectares to be handed over to the subsidiary of Zurich AG given the concession rights to set up and operate the airport, 1,287 hectares do not have any structures. As the runway has been planned over and around Nagla Ganeshi, officials convinced 238 families from the village to uproot first.

Member of the monitoring committee set up by the government to take feedback from the villagers, Mozzam Khan said, “Majority of the villagers have been supporting the project and have made up their mind to shift. However, a section of villagers wants to be given some time to construct their houses due to financial hardships and other reasons.”

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