The Yamuna Expressway Industrial Development Authority's (YEIDA) latest residential plot scheme has received an overwhelming response with over 1 lakh registrations so far. Launched on August 8th, the scheme offers 1,184 plots across Sectors 16, 17 and 20 along the high-growth Yamuna Expressway.

With the September 1st application deadline approaching, the plots have garnered strong interest from homebuyers and investors alike. As of August 26th, YEIDA has sold 66,500 application forms and received 29,000 earnest money deposits for the scheme.

Strategic Location Drives Demand

According to YEIDA officials, the residential plots have generated significant demand due to their proximity to the upcoming Jewar Airport and overall infrastructure development planned for the Yamuna Expressway belt.

Arun Vir Singh, YEIDA CEO, states the residential scheme has seen great response with 1.08 lakh registrations already, indicating the region's investment appeal. Connectivity to Noida and Greater Noida coupled with growth levers like Film City make the area favorable for real estate.

Variety of Plot Sizes on Offer

The scheme provides plots across 7 size categories - 120 sqm, 162 sqm, 200 sqm, 300 sqm, 500 sqm, 1,000 sqm and 2,000 sqm. The plots are attractively priced at INR 24,600 per sqm by the authority.

Their strategic location and competitive pricing has attracted a wide pool of applicants ranging from end-users to investors for the initial application phase. The final allotment will be conducted through a transparent lottery draw.

YEIDA Driving Real Estate Growth

As Yamuna Expressway emerges as a key hub for commercial and residential real estate, YEIDA aims to enable holistic development through new plot schemes. The strong demand indicates positive buyer sentiment toward the region's growth story.

With major infrastructure projects underway, YEIDA's proactive launch of plots to expand housing options will further propel real estate activity around the upcoming Jewar Airport.