Curation Team
NOIDA: Yamuna Expressway Industrial Development Authority (YEIDA) will conduct a draw of lots for its residential plot scheme in Sector 18 on Friday.
Launched on April 21, the scheme offers 276 plots of 200 sqm each and has got over 54,000 applications during the month-long registration window.
The draw will begin at 10am at the India Expo Mart and will be supervised by a panel of three retired High Court judges to ensure transparency. According to OSD Shailendra Bhatia, preparations are in full swing, with seating arrangements made for about 2,000 people to attend the draw in person.
The entire process will be broadcast live on YEIDA’s website, as well as on DD News UP, YouTube, Facebook, and other official social media platforms. Additionally, the proceedings will be photographed and recorded to maintain a clear record.
Out of the 54,289 applications received, 64 were disqualified due to incomplete documentation. Following the resolution of objections, a final list of 54,225 eligible applicants has been prepared for the draw.
Residential land prices in the area have been revised to Rs 35,000 per sqm — a 35% jump from the previous rate of Rs 25,900. Successful applicants will need to deposit Rs 7 lakh as a 10% registration fee, with the balance payable within 60 days of allotment. Allottees must complete construction within three years of executing the lease deed or will face time-extension charges.
Allotment letters will be issued shortly after the draw. For those who are not allotted plots, YEIDA will initiate refunds of the booking amount directly to their bank accounts.
The plots are located in Sector 18, Pocket 9B, close to the upcoming Noida International Airport.
