YEIDA Plot Scheme Refund Overview

The YEIDA (Yamuna Expressway Industrial Development Authority) Plot Scheme Money Refund initiative provides applicants with the option to withdraw from their plot schemes and claim a refund. Whether due to personal reasons or inability to proceed with the plot acquisition, this scheme offers a clear and transparent process to reclaim the deposited money.

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YEIDA Plot Scheme RPS-08/2024 Overview

  • Launch Date: July 5, 2024
  • Plot Size: 120 to 4,000 square meters
  • Location: Sectors 16, 18, 20, and 22D along the Yamuna Expressway
  • Price: Approx. Rs. 25,900 per square meter
  • Allocation Method: Lucky draw
  • Draw Date: October 10, 2024
  • Key Projects Nearby: Noida International Airport, Film City

This scheme presents a lucrative opportunity for investors interested in acquiring residential plots in a rapidly developing area.

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Key Details of the Refund Process

Eligibility for Refund

  • Applicants who have applied for plots but wish to withdraw their application can request a refund.
  • Refunds are also available for those unable to proceed with the acquisition.

Refund Processing Timeline

  • Refunds are processed within a year of submitting the refund application, with most applicants receiving their money within two months.

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Important Dates for YEIDA Plot Scheme RPS-08/2024

  • Launch Date: July 5, 2024
  • Application Submission Period: Until March 31, 2025, or until all plots are allocated
  • Draw Date: October 10, 2024
  • Draw Venue: India Expo Center & Mart, Greater Noida

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Steps to Claim Your Refund

  1. Submit a Surrender Application: Start the process by formally submitting your surrender application to YEIDA.
  2. Await Written Acceptance: Wait for 90 days after submission for written acceptance from the authority.
  3. Receive Refund: Upon approval, you will receive your refund as per the terms.

Note: Refunds are available for both residential plots and flats, with specific conditions applicable depending on the applicant’s situation.

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Conditions for YEIDA Refunds

  • Unsuccessful Applicants: Full refund without interest.
  • Refund for Registration Money: Registration deposits under a year are refunded without interest.
  • Extended Delays: In the event of delays exceeding one year, YEIDA provides a refund with 4% simple interest.
  • Plot Surrender: Allottees can voluntarily surrender their plots and receive a refund with interest.
  • Application Violations: In cases where application conditions are violated, registration money is refunded without interest.

Checking the Refund Status

These contact points will provide the latest updates regarding your refund status.

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Contact Information

  • Address:
    Yamuna Expressway Industrial Development Authority (Govt. of U.P. Undertaking)
    First Floor, Commercial Complex, P-2, Sector- Omega I, Greater Noida, Gautam Budh Nagar, Uttar Pradesh PIN: 201308
  • Phone: +91.120.2395153/7/8, 2395152, 2395157 (Available Monday to Friday, 9:30 AM to 6:00 PM)
  • Fax: +91.120.2395150
  • Email: [email protected]

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Frequently Asked Questions (FAQs)

  1. What is YEIDA Plot Scheme RPS-08/2024?
    It is a residential plot scheme offering plots in the Yamuna Expressway area to mid-income individuals.
  2. How can I apply for the YEIDA Plot Scheme?
    Applications can be submitted online through the official YEIDA website.
  3. What is the refund process?
    Submit a surrender application, and the refund will be processed within less than a year.
  4. How can I check the refund status?
    Contact YEIDA via email or phone for the latest updates.
  5. What interest rate is applicable for refunds?
    The interest rate varies, with a standard of 4% in specific situations.
  6. What happens if my application is unsuccessful?
    If the application is unsuccessful, the registration money is refunded without interest.
  7. What circumstances lead to a refund?
    Refunds are issued for unsuccessful applications, voluntary surrender, uncontrollable events, and violations of application conditions.

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