Yamuna Expressway Industrial Development Authority (YEIDA) launched a new housing scheme in Sector 22D. People can buy flats in YEIDA near Noida International Airport and FilmCity. It has ready-to-move flats for sale. Just apply for the flat and if allotted, pay the amount and shift to your new home. In this article we will explore in detail about YEIDA built up housing scheme launched for Sector 22, how to apply for a flat online, what is price and what is the last date of the scheme.
Table of Contents
Summary of YEIDA Built Up Housing Scheme
Detail | Information |
---|---|
Scheme Name | Built-Up Housing Scheme – “Choose Your Own House” |
Location | Sector 22D, Yamuna Expressway |
Total Flats Available | 1,239 flats |
Types of Flats | Affordable 1 BHK, S+4 1 BHK, S+16 2 BHK |
Total Lease Period | 90 years |
Booking Period | Opens September 19, 2024, and closes on March 31, 2025 |
Maintenance | 2 years by YEIDA, after that Apartment Owners Association (AOA) will take over |
Contact Information | Manager (Property), YEIDA Office, 1st Floor, Commercial Complex, P-2, Sector Omega 1, Greater Noida |
Customer Service | Email: bhs@yamunaexpresswayauthority.com, Phone: 1800-180-8296 |
Website | YEIDA Official Website |
Flat Options and Prices
There are multiple types of flats available in the offer. There are different price ranges available. Detailed list is below.
Property Code | Flat Type | Number of Flats | Super Area (sqm) | Carpet Area (sqm) | Tentative Price (₹ Lakh) | EMD (₹) |
---|---|---|---|---|---|---|
A | Affordable 1 BHK | 276 | 29.76 | 21.62 | Ground Floor: ₹23.37, Others: ₹20.72 | 2,33,700 (ground), 2,07,200 (upper floors) |
B | S+4 1BHK | 713 | 54.75 | 36.97 | ₹33.05 | ₹3,30,500 |
C | S+16 2BHK | 250 | 99.86 | 64.72 | ₹45.09 | ₹4,50,900 |
Eligibility Criteria
The scheme provides different eligibility criteria for different categories of people.
General Eligibility
- Applicant should be an Indian citizen above 18 years.
- Applicant cannot own any residential property under a previous YEIDA scheme.
Reserved Categories
- Farmers: This is a reserved category for the people whose land was acquired for YEIDA’s development near Noida Airport.
- SC/ST and Differently Abled Individuals: Special reservations will apply under the Persons with Disabilities Act, 2016, and categories have sub-quotas for SC/ST applicants.
Documents Required
There are some documents required to apply for the YEIDA Built Up Housing Flat Scheme. Check the details below.
- Photo ID: Aadhar Card, PAN Card, or Passport.
- Photo: A recent passport-size photo.
- Proof of Eligibility: If you are applying under any reserved category, documents like SC/ST certificates or a farmer’s land acquisition proof are required.
- Other Documents: Address proof and bank account details.
Flat Photos
Here are some photos of the flats that are available under YEIDA Built Up Housing Scheme.
More photos of the flats are available here.
How to Apply Online
The application process for the YEIDA Built Up Housing Scheme is online. It means candidates can easily apply for a flat from anywhere. Here are step-by-step details to apply it online:
- Login to the YEIDA Portal: Open the official portal and go to residential scheme section.
- Choose Your Flat: Select the type of flat and floor that you want to apply. It is based on the availability on that time.
- Complete the Registration: Enter all the personal details and upload the required documents like Address Proof, ID proof, eligibility certificate etc.
- Pay Registration Fee and EMD: For this property, the online registration fee is ₹ 600 which is nonrefundable, in addition, you are also required to deposit 10% of the price of the flats as EMD (Earnest Money Deposit).
- Receive a Letter of Intent (LOI): Once the application is submitted and processed, you will receive a letter of intent for your applied flat.
- Make the Allotment Payment: Make the 20% of the flat’s price as allotment money within 30 days after receiving letter of intent (LOI).
Also, see YEIDA 821 Residential Plot Scheme
Payment Plans
Flexible payment options are provided by YEIDA. You can choose a plan that fits your financial situation.
- One-Time Payment: Pay 100% amount on or before 60 days of LOI issuance to receive a 2% discount.
- Installment Plan: Pay 30% upfront (10% EMD + 20% allotment money) within 30 days of LOI issuance. The remaining 70% can be paid over 5 years in 10 half-yearly instalments, with an interest rate of 10% per annum.
Note: Payments have to be made by YEIDA’s official site. Any payment done through a different site could be a SPAM.
Allotment Process
The allotment process is a very clean fair process. It ensures everyone gets a chance to own a flat. Here is how it works.
- First-Come, First-Serve Basis: Flats are allotted based on the timing of completed applications and payments.
- Allotment Confirmation: Once your application is approved and payment is complete, the flat is reserved for you.
- Final Allotment Letter: Once initial payments are complete, a formal allotment letter will be issued to you.
Maintenance and Transfer Guidelines
YEIDA ensures the safety of flats for the first two years, after that, it will be managed by an Apartment Owners Association (AOA). Here are some additional details on maintenance and property transfer:
- Maintenance Corpus: A maintenance fund is collected, which covers the first two years.
- Transfer Option: You can transfer ownership of your flat after the lease deed is registered. A nominal fee will apply, with YEIDA’s permission.
Important Additional Details
Here are some additional details that could be interesting to know.
- Location Charges: Additional charges apply based on floor level. For example, the 1st and 2nd floors of S+16 flats have charges of ₹1,07,489.
- Parking: Allottees can get one parking spot with an additional fee of ₹1,00,000.
- Lease Term: The flat comes with a 90-year lease. It ensures long-term security.
- Cancellation Policy: If you miss any payments or fail to complete the required documentation, YEIDA reserves the right to cancel the allotment and forfeit the payments made.
Quick Overview Table
Step | Details |
---|---|
Eligibility | Indian citizens above 18 years, special reservations for farmers, SC/ST, and differently-abled |
Required Documents | ID and address proof, reservation certificates, bank details |
Registration Fee | ₹600 |
EMD (Earnest Money) | 10% of flat’s premium |
Payment Options | One-time payment or installment plan |
Maintenance | 2 years by YEIDA, then taken over by AOA |
Allotment Basis | First-Come, First-Serve |
Location Charges | Additional charges apply based on floor level for S+16 and S+4 flats |
Final Thoughts
The YEIDA Built Up Housing Flat Scheme in Sector 22D provides a better opportunity for interested buyers. It is located near Yamuna Expressway, Noida International Airport and FilmCity. YEIDA provides flexible payment plans that can suit the applicant’s financial situation. Take advantage of the scheme and get a chance to live in an upcoming hi-fi society.
Who is eligible for the YEIDA Built Up Housing scheme?
An Indian citizen who is 18 years or older can apply for the YEIDA Built Up Housing scheme.