New scheme of YEIDA to enhance commercial activities

| | Greater Noida/Lucknow
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New scheme of YEIDA to enhance commercial activities

Wednesday, 21 August 2024 | PNS | Greater Noida/Lucknow

Yamuna Expressway Industrial Development Authority (YEIDA) has introduced a new scheme aimed at enhancing commercial activities in Greater Noida’s Sectors 22D and 22A. This initiative will streamline the allocation of five types of shops and six types of commercial plots, fostering economic growth in the region.

Prior to this, YEIDA introduced various land allocation schemes, including an affordable housing scheme, which received a positive response.

Under the current scheme, shops with a super area ranging from 31.22 square metres to 116.33 square metres and plots with a super area ranging from 112 square metres to 140 square metres are available for allocation.

Five types of shops will be available for allocation in Greater Noida’s Sector 22D. Among these, SR-111 and SR-113R have an area of 31.22 square metres each, with a reserve price premium set at Rs 1.19 crore.

SR-101 and SR-201 cover a total area of 116.33 square metres each, with their reserve price premiums set at Rs 4.44 crore and Rs 2.06 crore, respectively. Similarly, SR-202 has an area of 105.4 square metres, and its reserve price premium has been set at Rs 1.87 crore.

Sector 22-A also offers different categories of commercial footprint plots. The plots under commercial footprint numbers 5 & 7 have a super area of 112 square metres, with a total reserve price premium set at Rs 3.05 crore.

Meanwhile, the plots under commercial footprint numbers 10, 12 & 13 have a super area of 124 square metres each, with their total reserve price premium set at Rs 3.38 crore.

The super area of the plot of commercial footprint number 22 of Sector 22-A is 140 square metres and its total premium amount on the reserve price is fixed at Rs 3.81 crore.

Those interested can apply online for these plots and shops until September 6.

All plots and shops will be allocated through e-auction, with ICICI Bank serving as the banking partner. These shops and plots are well-connected and located in prime locations. They are near Noida’s upcoming Jewar International Airport, International Film City, Medical Device Park, and the dedicated MSME Apparel and Toy Park. Additionally, being located close to the Yamuna Expressway, they will also have connectivity to the Eastern Peripheral Expressway.

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