Updated 19 June 2025 at 13:54 IST
The Yamuna Expressway Industrial Development Authority (Yeida) is gearing up to launch a major affordable housing scheme targeting the economically weaker sections (EWS), offering plots near the upcoming Noida International Airport in Jewar for just Rs 7.5 lakh.
3,000 Plots in First Phase, More to Follow
The scheme, pending approval in Yeida's board meeting on June 18, will initially offer 3,000 residential plots measuring 30 square metres each in sectors 18 and 20.
Officials hinted the number could increase to 8,000 plots, given the growing demand for low-cost housing in the region, which is fast becoming an industrial and investment magnet.
“This region is witnessing rapid industrialization. We are bringing this scheme to ensure affordable housing for workers like factory staff, guards, and domestic help,” said Yeida CEO Arun Vir Singh.
Airport Proximity, Industrial Boom Driving Demand
Located near the under-construction Noida International Airport, the sectors along the Yamuna Expressway are seeing rising interest from both domestic and global investors.
With new factories and service sector units being set up, there is urgent need for housing tailored to EWS income groups, particularly those earning up to ₹3 lakh per annum.
Just ₹7.5 Lakh—Pay in EMIs Over 7 Years
Each plot is priced at ₹7.5 lakh, and buyers will be allowed to pay in easy instalments over seven years. To be eligible for allotment via lucky draw, applicants must submit 10% of the plot cost upfront.
Special Reservations for Local Workers, Defence Veterans
Yeida has reserved:
29% of plots for those working in projects within the Yeida area
5% for retired defence personnel
5% for Yeida employees
Officials noted that more plots may be added if demand surges after the initial response.
Who Can Apply?
The scheme is open to:
Factory workers
Security personnel
Domestic workers
Others earning up to ₹3 lakh annually
Launch Details Soon
The scheme’s launch date and application process will be finalized after board approval. Yeida aims to make urban home ownership a reality for thousands who serve in the backbone of the region’s economy.
Published 19 June 2025 at 13:53 IST