YEIDA Unveils 1,200 Flats Near Upcoming Noida Airport

                The scheme offers three types of flats in the 
affordable category near the Noida 
international airport, which is slated to become 
operational by next April, said officials.
The one-bedroom units, with a total area of 
29.76 square metres and a usable living space 
of 21.62 square metres, cost ₹23.37 lakh on 
the ground floor and ₹20.72 lakh on the first, 
second, and third floors.
Allotment on first-come-first-serve basis
“We will allot these flats on a ‘first come first 
served’ basis to applicants who will pay the 
money and buy the unit. These flats were left 
out in old schemes. But, this time, we hope 
that 
people will rush to grab these flats that are 
located along the Yamuna Expressway 
because of the upcoming airport project near 
Jewar,” said Arun Vir Singh, chief executive 
officer, 
Yeida.
There are 276 flats available in this category.
The second option is the one-bedroom flats in 
four-storey buildings with a total area of 54.75 
square metres and a living space of 36.97 
square metres. The price of the flat is ₹33.05 
lakh, and there are 713 flats available. There 
are also two-bedroom flats in multi-storey 
towers, with a total area of 99.86 square 
metres and a living space of 64.72 square 
metres. 
These will cost ₹45.09 lakh, and there are 250 
flats available in buildings of up to 16 floors.
How to apply for the YEIDA housing scheme?
To apply for the scheme, interested individuals 
should submit an online application through 
the Yamuna Expressway authority website, pay 
a non-refundable registration fee of ₹600, 
and an earnest money deposit (EMD) of 10% of 
the total premium of the selected flat. Eligible 
applicants must be Indian citizens above 18 
years of age and have not been allotted any 
other flats or plots by Yeida in the past. Joint 
applications with immediate family members 
are allowed, said officials.
Payment modalities
Yeida said an applicant can pay the total 
amount of the flat at one go and get 2% 
discount or pay 10% to apply, 20% in the next 
30 days, and remaining 70% over five years. 
The 
authority will impose 10% interest on the 
remaining 70% flat cost, said officials.
Will Yeida maintain the flats?
Yeida will provide maintenance for a two-year 
period following possession, after which an 
apartment owners association (AOA) will be 
formed to take over the responsibility of 
managing the complex.
Allottees are required to contribute to a 
maintenance corpus fund, and the amounts 
will range from ₹50,000 for affordable one-
bedroom flats,and ₹1.5 lakh for two-bedroom 
units. 
Participation in the AOA is mandatory for all 
allottees, said Yeida.


Source : Hindustan Times