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YEIDA plans mixed land-use scheme for industries, housing
Real Estate

YEIDA plans mixed land-use scheme for industries, housing

10 Oct 2022 2 Min Read CW Team
The Yamuna Expressway Industrial Development Authority (YEIDA) has planned to launch a mixed land-use scheme under which industries will set up alongside commercial and residential structures on the same premises.

While allottees can develop industry on 75% of the land allotted to them, the rest of the plot can be used for residential, commercial or institutional purposes.

Officials said industrialists had been demanding a scheme where residential and other basic facilities were available for employees in the same area so that they would not need to commute from far-off places.

"We have 110 acres in total in Sector 24. A total of 7 plots of 10 acres each will be allotted for industry. In the remaining area, there will be development like construction of roads, drains and green areas. The allocation will be done through e-auction," said YEIDA chief executive officer Arun Vir Singh.

Singh clarified that of the remaining land, 12% would be used for residential purposes, 8% for commercial and 5% for institutional development. "This scheme will help in setting up big industries with all the facilities on the premises itself," he said.

Meanwhile, YEIDA has extended the deadline for submitting applications for its residential plot scheme amid huge demand. For 477 plots, over 50,000 people have submitted forms so far. Plots of sizes ranging from 60 sq m to 2,000 sq m are available in sectors 16, 17A, 18, 20 and 22D. The last date for submitting applications expired last week.

Officials said that although there was a rush, a large number of applicants were facing technical glitches in filing applications online. The authority has decided to hold the manual lottery draw for allotting plots on December 16 instead of November 18.

See also:
About 100,000 housing units unsold in Hyderabad
Ashiana Housing to invest Rs 920 mn in Bhiwadi project

The Yamuna Expressway Industrial Development Authority (YEIDA) has planned to launch a mixed land-use scheme under which industries will set up alongside commercial and residential structures on the same premises. While allottees can develop industry on 75% of the land allotted to them, the rest of the plot can be used for residential, commercial or institutional purposes. Officials said industrialists had been demanding a scheme where residential and other basic facilities were available for employees in the same area so that they would not need to commute from far-off places. We have 110 acres in total in Sector 24. A total of 7 plots of 10 acres each will be allotted for industry. In the remaining area, there will be development like construction of roads, drains and green areas. The allocation will be done through e-auction, said YEIDA chief executive officer Arun Vir Singh. Singh clarified that of the remaining land, 12% would be used for residential purposes, 8% for commercial and 5% for institutional development. This scheme will help in setting up big industries with all the facilities on the premises itself, he said. Meanwhile, YEIDA has extended the deadline for submitting applications for its residential plot scheme amid huge demand. For 477 plots, over 50,000 people have submitted forms so far. Plots of sizes ranging from 60 sq m to 2,000 sq m are available in sectors 16, 17A, 18, 20 and 22D. The last date for submitting applications expired last week. Officials said that although there was a rush, a large number of applicants were facing technical glitches in filing applications online. The authority has decided to hold the manual lottery draw for allotting plots on December 16 instead of November 18. See also: About 100,000 housing units unsold in HyderabadAshiana Housing to invest Rs 920 mn in Bhiwadi project

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