Sector 26 Yamuna Expressway Property

While it has already handed over a total of 4,317 plots till October last year out of 14,453 plots that were offered under the scheme, it now plans to deliver the remaining residential plots in two tranches. The Yeida will give possession letters to 5,500 allottees of such plots by March 31, and another 4,500 possession letters will be given by June 30. The authority will waive all default interest and penalty over payments because of the possession delay – all plots were to be handed over by 2014.

In the New Year, Noida would get infrastructure projects worth Rs 2,881 crore. While some of these projects would be inaugurated in 2019, works on others would start during the course of the year. Among the projects that will be inaugurated this year include a Dada-Dadi Park at Sector 62, a Traffic Park at Sector 108, a Shilp Haat and Bunkar Bhawan at Sector 33-A and a Command Control Centre at Sector 94.

The Yamuna Expressway Industrial Development Authority (Yeida) has received massive response on its 2018 residential plot scheme that was launched on October 12. The Yeida announced it would be selling 1,977 plots in the first phase, measuring between 120 square metre (sqm) to 500 sqm. The last date for applying was November 17. Officials on November 20 said the authority had received 7,736 applications for plots. Lying within five and seven-kilometre periphery of the proposed airport site, the plots on sale are spread across sectors 18, 19, 20, 22A, 22C and 22D.

Causing huge traffic jams and breaking down of vehicles, Noida roads are known for all the wrong reasons. The Noida Authority, however, now plans to up its sleeves and begin the task of resurfacing the damaged roads covering 300 kilometres of area. The drive will include all the arterial corridors which experience high traffic, internal roads in the residential and industrial pockets of the town and roads which have not been repaired in the last four years. The authority is presently awarding contracts worth Rs 300 crore for the road resurfacing work which is likely to begin in a few days.

The Yamuna Expressway Industrial Development Authority has signed pacts with as many as 28 private players who promised to invest as much as Rs 10,074 crore in the region. To make sure investment promises do not go to cold storage, the agency will soon start the process to allocate land to these companies to set industrial units in the region. If all the companies set their units in the region, 28,000 new jobs will be created, apart from five lakh indirect jobs. This could give a major boost to real estate in the region.