Connect with us










News

Huge response to plots scheme surprises YEIDA

yamuna-expressway-authority1

A total of 10,000 applications have been sold for 900 plots under a residential plots scheme by the Yamuna Expressway Industrial Development Authority (YEIDA) which was launched a week ago. Besides this 5,000 forms have been downloaded online.

The YEIDA is promoting the scheme as an affordable option for middle class home-buyers.

The plots are located in Sector 22D, next to Buddh International Circuit along the Yamuna Expressway that connects Greater Noida with Agra. The plots range from 120 to 162 square metres (sqm), and are priced at Rs 17.04 lakh and Rs23 lakh, respectively.

Santosh Yadav, CEO of YEIDA, was quoted in the media as saying, “We truly did not expect it at a time when the realty sector is witnessing a slump. I feel that buyers are interested because we are offering plots at a cheap rate”.

According to YEIDA, first preference will be given to those buyers who can pay the total cost of the plot within 60 days of the date of allotment.

Advertisement










The second preference will be given to those who can pay 50 per cent within 60 days from date of allotment and the remaining in two installments within a year at a 12 per cent interest. After that will come to those who can pay 30 per cent within 60 days from the date of allotment and the remaining amount in eight equal installments in four years at a 12 per cent rate of interest.

Latest News

News1 day ago

Central Park’s Bignonia Towers in Sohna Achieves Rs 500cr Sales Bookings 

New Delhi, 14th June 2024: Bignonia Towers by Central Park in in Sohna has recorded sales bookings of Rs 500...

News1 day ago

Author Ashwinder R. Singh Launches His Third Book, “Master Commercial Real Estate”

June 14, 2024: Ashwinder R. Singh, acclaimed for his insightful contributions to real estate, launched his third book, “Master Commercial...

News1 day ago

Grade A Office Spaces Demand Growing at a Brisk pace, 164.3 Mn Sq Ft Added Since 2021

June 14, 2024: India’s office market is undergoing a profound transformation, reflecting the country’s robust economic growth, demographic advantages, and...

News1 day ago

Real Estate Sector Needs to Gear Up for New Housing Challenges Until 2029, With Rain Harvesting as a Core Element for Housing Projects: HUA Additional Secretary

New Delhi, June 14, 2024: Additional Secretary of the Ministry of Housing and Urban Affairs, D Thara, on Friday asked...

News2 days ago

Tier-2 Cities Closing the Gap with Top-8 as Property Prices Surge by 10-15% in Prime Areas: Housing.com Report

New Delhi, June 13, 2024: Housing.com has released its inaugural “The Bharat in India” report on Thursday. The report unveils...

News2 days ago

Housing Prices Soar 13% CAGR as Inflation Moderates to 5.4%: ANAROCK Report 

Mumbai, June 13, 2024: Inflation, the gradual increase in the general prices of goods and services, erodes the purchasing power of money...

Trending