Housing Scheme : Yamuna Expressway Authority launches group housing scheme, eyes Rs 479 crore revenue

After nine years, the Yamuna Expressway Industrial Development Authority (YEIDA) has launched its much-awaited residential group housing plots scheme for sectors located along the expressway. The Authority has also floated a scheme for allotment of seven commercial plots, officials privy to the development said.

The Authority aims to earn around Rs 500 crore from these two schemes. The last YEIDA sector group housing scheme was launched in 2014.

Under this scheme, three plots have been put up for auction and interested parties will be able to submit applications from May 5.

“The group housing scheme will close on June 2, 2023 and e-auction will be conducted on June 23. Under the scheme, two plots measuring 45,000 square metres (sqm) and one plot of 60,000 square metres, all located in sector 22D, will be auctioned. The pre-bid meeting of the scheme will be conducted on May 18, 2023,”.