Yamuna Expressway Industrial Development Authority (YEIDA) has successfully completed the e-auction of 45 industrial plots, each spanning 1,000 square metres, thus ensuring an investment of Rs 500 crore in the YEIDA region.

Once the projects associated with these plots become operational, they are expected to generate over 5,000 job opportunities, further stimulating economic growth in the area. The success of this e-auction is poised to bring new dynamism to the industrial landscape along the Yamuna Expressway.

YEIDA organised an e-auction on Tuesday under its institutional plots scheme, attracting remarkable bids. A total of 45 plots, each measuring 1,000 square metres, were auctioned for corporate office spaces in the YEIDA region. While the reserve price for each plot was set at Rs 2.50 crore, amounting to a total bid price of Rs 112.50 crore, it fetched an impressive revenue of Rs 265.14 crore through the auction — an excess of Rs 152.64 crore, or 134 per cent above the original bid price.

Among the standout bids, Challenger Computer Ltd. secured plot number 64 for Rs 28.28 crore, Alexis Global Pvt. Ltd. bid Rs 26.64 crore for plot number 69, and Sanash Impex Pvt. Ltd. offered Rs 25.84 crore for plot number 59. Together, these three companies alone contributed Rs 80.76 crore — nearly one-third of the total bid.

YEIDA officials expressed their satisfaction with the successful e-auction, emphasising that the establishment of corporate offices in the area will drive large-scale investments and create thousands of new job opportunities.