Yogi govt introduces new Residential Group Housing and ‘Institutional Plots scheme in Greater Noida

Lucknow/Greater Noida : In a bid to provide world-class facilities to the citizens of Uttar Pradesh, the Yogi government, in line with Chief Minister Yogi Adityanath’s vision, has launched the new Residential Group Housing and ‘Institutional Plots scheme in Greater Noida.

The process for allotment of 19 residential group housing and 9 institutional plots has already begun. Under this scheme, builders will develop residential townships in Sectors 17, 18, and 22D. Simultaneously, the institutional plots will pave the way for the establishment of hospitals, nursing homes, and nursery schools in Sectors 17, 18, 20, 22E, and 22D.

Under the new scheme introduced by the Yamuna Expressway Industrial Development Authority (YEIDA), all allotment processes are set to be completed by September this year. Additionally, YEIDA will conduct a draw for the allocation of 361 residential plots within the same month. Meanwhile, the e-auction process for the allocation of 3 plots designated for banquet and marriage hall facilities will also be finalized.

Under the new scheme, plots will be allocated through 19 residential group housing projects at a rate of Rs 32,375 per square meter, offering builders the chance to develop townships with world-class amenities. Plot sizes will range from 11,513.72 to 48,564 square meters.

These strategically located plots are in close proximity to key sites including the F-1 and Moto GP tracks, Yamuna Expressway, Eastern Peripheral Expressway, Jewar Airport, International Film City, Medical Device Park, and dedicated MSME, Apparel, Handicrafts, and Toy Park.

Registration fees for these plots range from 3.91 to 17.29 crores. The allotment will be conducted via e-auction, with the Bank of Baroda serving as the banking partner.

In addition to the Residential Group Housing Plot Scheme, YEIDA’s Institutional Plot Scheme will facilitate the construction of a Child Welfare and Maternity Center on a 5,000 square meter plot in Sector 20, and hospitals on plots of 10,115 and 10,900 square meters in Sectors 22E and 20, respectively.

Furthermore, the scheme will support the development of nursing homes on plots ranging from 1,000 to 2,750 square meters in Sectors 17, 18, and 22D. The reserve prices for plots designated for the child welfare and maternity center, hospitals, and nursing homes are set between Rs 2.27 and Rs 24.81 crore, with a rate of Rs 22,770 per square meter.

Under the new scheme, plots ranging from 1,000 to 1,500 square meters in Sectors 17 and 22D will be allocated at a rate of Rs 15,020 per square meter. The reserve prices for these plots are set between Rs 1.50 and 2.25 crore.

In addition to these new plots, YEIDA will complete the draw for the allocation of 361 residential plots and the e-auction process for 3 plots designated for banquet and marriage hall facilities, all within September.