YEIDA New Schemes Only Once Land Ready

The Yamuna Expressway Industrial Development Authority (YEIDA) will not chalk out new plot schemes without having the requisite land ready for the same, unlike earlier when schemes were launched before the land was acquired. The move comes as the authority realised th

BY Realty Plus
Published - Tuesday, 17 Nov, 2020

The Yamuna Expressway Industrial Development Authority (YEIDA) will not chalk out new plot schemes without having the requisite land ready for the same, unlike earlier when schemes were launched before the land was acquired. The move comes as the authority realised that schemes launched without ready land troubles property buyers in the long run. Yamuna Expressway Industrial Development Authority The authority, in 2008-09, had launched a residential plot scheme in sectors 18 and 20 along the 165km Yamuna Expressway, which connects Greater Noida and Agra. The authority had assured plot buyers to give possession of the plots in 2011-12. But the authority is still to give possession to at least 7,000 plot buyers. “We will launch schemes, be it for residential purposes or other usages, only once we have the land readily available with us. The reason is that the interest of our allottees is a priority for us. We want that investors or individual allottees can get possession of their allotted plot on time. Earlier, we launched schemes with planning to acquire the land. But now it is clear that we must launch a scheme only after readying the land for the same,” said Shailendra Bhati, officer on special duty of the Yeida.