The Yamuna Expressway Industrial Development Authority (YEIDA) has launched a scheme inviting applications for the allotment of institutional plots near the Yamuna Expressway. Designed to enhance educational and industrial infrastructure, these plots aim to attract academic and vocational institutes to a rapidly developing region with proximity to major infrastructure projects like the Noida International Airport and the International Film City. Here, we break down the features, eligibility criteria, and application details for these institutional plots.
Overview of the Scheme
YEIDA’s latest initiative focuses on providing institutional plots to entities looking to establish:
- Degree and PG Colleges
- Management and Technical Institutes
- Vocational and Sports Colleges
- Research and Development Centers
With facilities like easy access to an international airport and planned transportation infrastructure, YEIDA aims to position the Yamuna Expressway as a prime location for educational and research institutions.
Key Scheme Details
- Scheme Code: YEA/INST 2024-2025/05
- Application Window:
- Opens: October 30, 2024
- Closes: November 29, 2024
- Primary Benefits:
- Strategic location adjacent to the Noida International Airport and the proposed International Film City.
- Proximity to critical industrial zones, MSME clusters, and the medical devices park, enhancing collaboration opportunities for research and education.
Plot Details and Pricing Structure
YEIDA offers several plot sizes across different sectors, primarily 17A and 22E, with specific details on area, rate per square meter, and total premium:
| Plot No. | Sector | Area (Sq. Mtr) | Rate Per Sq. Mtr (INR) | Total Premium (INR) | Registration Money (10% of Total Premium) |
|---|---|---|---|---|---|
| 11A | 17A | 4040 | 11778.20 | 47,59,20,000.00 | 4,75,92,000.00 |
| 11B | 17A | 4049.5 | 11778.20 | 47,67,94,000.00 | 4,76,79,400.00 |
| 17A | 17A | 8382 | 10385.85 | 87,04,88,000.00 | 8,70,48,800.00 |
| 40 | 22E | 4040 | 11778.20 | 47,67,48,000.00 | 4,76,74,800.00 |
| 43 | 22E | 11774.46 | 11778.20 | 47,67,48,000.00 | 4,76,74,800.00 |
Why Choose Yamuna Expressway for Institutional Plots?
- Proximity to Key Infrastructure:
- Noida International Airport: Expected to be a hub for global connectivity, enhancing accessibility for students and professionals.
- International Film City and MSME Park: These nearby industrial and entertainment clusters provide opportunities for internships, research, and industry collaborations.
- Strategic Connectivity:
- The area benefits from a dedicated entry-exit ramp, a proposed Personal Rapid Transit (PRT) system, and direct access to the Yamuna Expressway, making commuting efficient and convenient.
- Affordable Land Rates:
- Compared to other industrial and educational hubs, YEIDA offers competitive rates for institutional plots, creating cost-effective options for educational entrepreneurs.
Application Process
Applicants can easily apply through the YEIDA official website (yamunaexpresswayauthority.com). Here are the steps:
- Registration and Documentation:
- Download the brochure via the QR code or directly from the website to understand the detailed requirements and guidelines.
- Submit the required documentation along with the application.
- Fee Structure:
- Processing Fee: INR 25,000 + Applicable GST
- Registration Money: 10% of the total premium amount, as shown in the table above.
- Submission: Submit bids online through the YEIDA website within the application window.
Competitive Analysis: YEIDA vs Other Educational Plot Allotment Schemes
To understand YEIDA’s offerings in context, here’s a comparison with similar institutional plot schemes in other regions:
| Feature | YEIDA (Yamuna Expressway) | HUDA (Haryana) | MIDC (Maharashtra) | KIADB (Karnataka) |
|---|---|---|---|---|
| Proximity to Airport | Yes, Noida International Airport | No | Yes, Mumbai International Airport | Yes, Kempegowda International Airport |
| Dedicated MSME Cluster | Yes | No | Yes | No |
| Plot Size Range | 4040 to 11774.46 Sq. Mtr | 2500 to 5000 Sq. Mtr | 5000 to 10000 Sq. Mtr | 3000 to 8000 Sq. Mtr |
| Price per Sq. Mtr | INR 10385.85 to 11778.20 | INR 9000 to 11000 | INR 8000 to 9500 | INR 9500 to 10500 |
| Ease of Application | Online via YEIDA website | Physical and Online | Physical and Online | Online |
Frequently Asked Questions (FAQs)
1. What types of institutions are eligible for these plots?
Institutions like Degree Colleges, PG Colleges, Management and Technical Institutes, Sports Colleges, and R&D Centers are eligible.
2. Are there any financing options available for purchasing these plots?
While YEIDA doesn’t offer direct financing, partnering banks like ICICI Bank can provide loan options. Applicants are advised to consult with their bank for further assistance.
3. Can individuals apply for these plots, or are they restricted to institutions?
These plots are intended for institutional use only, meaning only educational or research entities can apply.
4. How can I download the brochure and other necessary documents?
You can download the brochure and documents by scanning the QR code provided in the advertisement or by visiting the YEIDA website.
5. Will the rates be revised in the future?
Yes, the rates may be subject to revision, and applicants are encouraged to confirm the latest rates directly with YEIDA before applying.
6. What is the refund policy if an application is not approved?
YEIDA’s policy on refunds is generally specified in the brochure or application form. Applicants are recommended to read all terms and conditions carefully.
Key Takeaways
YEIDA’s institutional plot scheme near the Yamuna Expressway presents a promising opportunity for educational institutions to establish themselves in a rapidly growing area. With its strategic location, competitive pricing, and proximity to significant infrastructure, YEIDA aims to foster an ecosystem conducive to education and industry collaboration. Interested entities should carefully review all guidelines, ensure timely submission, and consider the unique benefits this location offers.
For more information and to apply, visit the official YEIDA website: yamunaexpresswayauthority.com.
