The Yamuna Expressway Industrial Development Authority (YEIDA) has launched a unique e-auction scheme for plots designated for nursery schools and crèches, focusing on rapid urbanization near major upcoming developments like the Noida International Airport. This article details the plot offerings, features, registration, and e-auction process, catering to investors and educational entrepreneurs looking to tap into a burgeoning area with high growth potential.
Scheme Overview
Authority: Yamuna Expressway Industrial Development Authority (YEIDA)
Purpose: Allocation of plots for nursery schools and crèches through an e-auction process
Plot Locations: Various sectors along the Yamuna Expressway, strategically positioned near the Noida International Airport, Film City, and MotorGP Track
Allotment Method: E-Auction
The e-auction approach allows for a competitive and transparent bidding process, attracting interested parties from both educational and investment sectors.
Plot Details and Pricing
The plots offered under this scheme vary in size and are priced based on a fixed per square meter rate. Below is a table of the available plots, including their sizes, pricing, and registration fees:
| Plot Use | Plot No. | Sector | Size (Sq. Mtr.) | Rate (INR per Sq. Mtr.) | Total Premium (INR) | Registration Amount (10%) |
|---|---|---|---|---|---|---|
| Nursery School | NS-1 | 17 | 1,000 | 15,020 | 15,020,000 | 1,502,000 |
| Nursery School | NS-4 | 220 | 1,400 | 15,020 | 21,028,000 | 2,102,800 |
| Nursery School | F-5 | 220 | 1,500 | 15,020 | 22,530,000 | 2,253,000 |
| Crèche | Crh.-1 | 18 | 1,000 | 15,020 | 15,020,000 | 1,502,000 |
| Crèche | Crh.-3 | 18 | 1,000 | 15,020 | 15,020,000 | 1,502,000 |
This pricing structure aligns with YEIDA’s plan to attract educational institutions by offering competitive rates compared to other urbanized areas in Uttar Pradesh.
Key Features of YEIDA Plots
- Strategic Location: Proximity to key infrastructure such as the Noida International Airport, proposed Film City, and dedicated industrial and manufacturing hubs like MSME parks.
- Special Zones: Located near designated handicraft and toy parks to attract diverse industries.
- Accessibility: Well-connected by the Yamuna Expressway and close to high-profile projects, making it a viable investment for both educational institutions and supporting facilities.
Comparison with Competitor Schemes
Below is a comparative analysis of similar plot schemes from other regional authorities:
| Authority | Plot Type | Location | Average Rate per Sq. Mtr. | Application Mode |
|---|---|---|---|---|
| Greater Noida Authority (GNIDA) | School Plots | Greater Noida | 18,500 | Lottery |
| Noida Authority | Educational Plots | Noida City | 20,000 | E-Auction |
| UP State Industrial Authority | Institutional | Sector 18, Lucknow | 16,000 | Interview-Based |
YEIDA’s competitive rate of INR 15,020 per sq. mtr. provides a cost-effective option, particularly given the strategic location near upcoming commercial hubs and residential townships.
Registration and Application Process
- Eligibility Check: Interested applicants must meet the basic eligibility requirements outlined by YEIDA.
- Online Registration:
- Register on the official YEIDA website to acquire login credentials.
- Download the e-auction brochure by scanning the QR code provided on the website or available materials.
- Payment of Processing Fees: A non-refundable processing fee of INR 25,000 plus GST is required. Payment is completed via the online portal.
- Bid Submission: Upon completion of registration, participants may submit their bids through the e-auction system.
- E-Auction Timing: The auction opens on October 30, 2024, at 9:00 AM, and will continue until all plots are successfully allotted.
Important Dates and Deadlines
- Application Start Date: October 30, 2024, at 9:00 AM
- Last Date for Registration: Not specified, but early registration is recommended
- Processing Fee Deadline: Payable during registration
- E-Auction Date: October 30, 2024
These timelines are structured to streamline the application and allotment process, ensuring transparency and efficiency in bidding.
Frequently Asked Questions (FAQs)
1. What is the registration amount for YEIDA nursery school and crèche plots?
Each plot requires a 10% registration fee of the total premium, which varies based on the plot size.
2. Can I apply for multiple plots in different sectors?
Yes, applicants can submit bids for multiple plots as long as they meet the eligibility and financial requirements.
3. What facilities are available near these plots?
The plots are located close to critical developments, including proposed Film City, Noida International Airport, and MotorGP Track. Additional infrastructure, like dedicated MSME parks and manufacturing hubs, further enhances the locality’s appeal.
4. Are there any financing options available for plot purchases?
While YEIDA does not directly offer financing, many banks, including ICICI (official banking partner), provide financing solutions tailored for YEIDA plot purchases.
5. Where can I get additional information on this scheme?
Visit the official YEIDA website for further details or to download the brochure.
This initiative by YEIDA represents a substantial opportunity for educational and childcare organizations to invest in a prime, strategically developing region. The scheme supports the Uttar Pradesh government’s vision of creating well-rounded educational and commercial zones, making YEIDA plots a prudent choice for long-term investment and institutional growth.
