Apply for New YEIDA Built-Up Housing Scheme BHS-10/2024

YEIDA Built-Up Housing Scheme BHS-10/2024

The Yamuna Expressway Industrial Development Authority (YEIDA) has rolled out a golden opportunity for homebuyers with its “Built-Up Housing Scheme – Choose Your Own House” in Sector 22D. This scheme provides access to affordable 1BHK and 2BHK flats, making it an appealing option for both end-users and investors. Here’s a detailed breakdown for prospective applicants interested in securing their dream home.

Important Links

Also Read [Uttar Pradesh Govt Approves YEIDA Master Plan 2041 for Yamuna Expressway Areas]

Overview of the YEIDA Built-Up Housing Scheme

• Launch Date: September 19, 2024
• Closing Date: March 31, 2025, or until all flats are allotted
• Location: Sector 22D, Yamuna Expressway
• Flat Types: 1BHK and 2BHK configurations
• UPRERA Registration No: UPRERAPRJ8647

Types of Units Available

YEIDA offers three main types of units under the current scheme:

1. Affordable 1BHK Flats:
   • Super Area: 29.76 sqm
   • Carpet Area: 21.62 sqm
   • Price Range: ₹20.72 lakh to ₹23.37 lakh (based on the floor selected)
   • Earnest Money Deposit (EMD): Ranges from ₹2,07,200 to ₹2,33,700 depending on the floor.
2. Standard 1BHK Flats (S+4 Configuration):
   • Super Area: 54.75 sqm
   • Carpet Area: 36.97 sqm
   • Price: ₹33.05 lakh
   • EMD: ₹3,30,500
3. 2BHK Flats (S+16 Configuration):
   • Super Area: 99.86 sqm
   • Carpet Area: 64.72 sqm
   • Price: ₹45.09 lakh
   • EMD: ₹4,50,900

Also Read [Yamuna Expressway: India’s Infrastructure Marvel and Catalyst for Economic Growth]

Why Sector 22D is a Prime Location

Strategically positioned along the Yamuna Expressway, Sector 22D is ideal for those seeking a balance between urban connectivity and future growth potential. Its proximity to Noida, Greater Noida, and the upcoming Jewar Airport makes it a hotspot for future real estate appreciation. In addition to residential value, the area promises significant growth in infrastructure and industrial development, providing long-term value to homeowners and investors.

Flexible Payment Options and Financing Plans

YEIDA has introduced two payment options to suit diverse financial situations:

1. One-Time Payment Plan:
   • Pay 100% of the flat’s total premium within 60 days of receiving the Letter of Intent (LOI).
   • Discount: Enjoy a 2% discount on the flat’s premium under this plan.
2. Installment Plan:
   • Pay 30% of the total premium upfront (10% EMD + 20% allotment money) within 30 days of the LOI.
   • The remaining 70% is payable in 10 half-yearly installments over five years at an interest rate of 10% per annum on the outstanding balance.

Also Read[APAAR: A Digital Leap in India’s Education System]

Additional Costs and Maintenance Fees

• Maintenance Corpus: This scheme requires a one-time maintenance corpus to ensure the upkeep of the residential complex for the first two years. The deposit required is as follows:
  • 1BHK Affordable Unit: ₹50,000
  • 1BHK (S+4): ₹1,00,000
  • 2BHK (S+16): ₹1,50,000
• Location Charges: Additional location charges are applied depending on the floor selected. For example, first and second-floor units in multistorey buildings have a charge of ₹1,07,489.
• Optional Car Parking: Applicants can also opt for parking at an additional fee of ₹1,00,000. Parking spaces will be allocated via a lottery system.

Who is Eligible to Apply?

To apply for the YEIDA housing scheme, you must meet the following criteria:

• Be an Indian citizen at least 18 years of age and legally competent to enter into a contract.
• Applicants who already own a residential flat or plot in any YEIDA scheme are not eligible to apply.
• Joint applications are allowed, but only with immediate family members (such as spouse, parents, or siblings).

Reserved categories include farmers whose land has been acquired for YEIDA development projects, and persons with disabilities are eligible for special consideration.

Also Read[Pradhan Mantri Mudra Yojana (PMMY) 2024]

Allotment Process: First Come, First Serve

This scheme follows a first-come, first-serve allotment process. Once an applicant selects a flat and deposits the required fees, the flat will be temporarily reserved. Any discrepancies found in the application can lead to the cancellation of the allotment, with forfeiture of the deposit.

Steps to Apply for YEIDA Built-Up Housing Scheme

1. Online Application: Visit the YEIDA scheme portal to register and submit your application. Essential documents such as your Aadhaar card, PAN card, and passport-size photo will be required.
2. Select a Flat: Choose your preferred flat size, sector, and floor.
3. Pay the Registration Fee: Applicants must pay a non-refundable registration fee of ₹600 along with 10% of the flat’s premium as Earnest Money Deposit (EMD).

Key Dates and Timelines

• The scheme remains open from September 19, 2024, to March 31, 2025, or until all flats are allotted.
• The Letter of Intent (LOI) will be issued once the application is processed.
• Applicants must pay the allotment money (30% of the total flat premium) within 30 days of receiving the LOI.

Also Read [UP Mukhyamantri Yuva Udyami Vikas Abhiyan Yojana 2024]

Why Invest in YEIDA Flats?

1. Future Growth Prospects: With the upcoming Jewar Airport and industrial developments, the region promises significant appreciation in property values.
2. Affordable Housing: Offering affordable flats in a prime location, the scheme is perfect for first-time buyers and real estate investors alike.
3. Flexible Payment Plans: The installment payment option allows buyers to stretch their payments over five years, making home ownership more accessible.

Contact for More Information

If you have any questions about the scheme or face technical difficulties, you can contact:

• Technical/ system related queries Helpline: 9106196864, 7016716557
• Email: apurva@procure247.com, karan@procure247.com

Visit the official YEIDA Built-Up Housing Scheme page for additional details, brochures, and application forms.

Apply for the scheme

The YEIDA Built-Up Housing Scheme presents an excellent opportunity to own a home in one of the most promising growth regions in India. With affordable prices, flexible payment plans, and the strategic location of Sector 22D, this scheme is an ideal option for homebuyers and investors looking to capitalize on the future development of the Yamuna Expressway region.