Last Updated:
Under the scheme, 29% plots are reserved for YEIDA project workers, 5% for ex-defence personnel, and 5% for YEIDA staff, ensuring inclusive access to affordable housing
This initiative targets individuals working in factories or those with an annual income up to Rs 3 lakh. (Representative/News18 Hindi)
In a move to support affordable housing, the Yamuna Expressway Industrial Development Authority (YEIDA) will roll out a special plot scheme for economically weaker sections (EWS) starting June 18, following recent board approval.
This initiative targets individuals working in factories or those with an annual income up to Rs 3 lakh, offering them an opportunity to build their own homes. Over 3,000 plots of 30 square metres each will be available in Sectors 18 and 20 in Jewar, near Noida International Airport, an area rapidly developing into an industrial hub.
Arun Veer Singh, CEO of YEIDA, highlighted the increasing demand for housing among workers as numerous domestic and international investors establish industries in the region. The scheme fixes the price of each 30 square metre plot at Rs 7.5 lakh, payable in easy instalments over seven years.
Under the scheme, 29 percent of the plots will be reserved for workers in YEIDA projects, 5 percent for retired defence personnel, and 5 percent for YEIDA employees. YEIDA aims to allocate at least 8,000 plots, potentially increasing the number if required, to benefit guards, factory workers, and domestic helpers near Noida Airport.
The plots will be distributed through a lottery system, with applicants required to deposit 10 percent of the total price in advance to participate. Full details and dates of the scheme will be announced after the board meeting.
- First Published:
