Yeida-Residential-Plot-Scheme

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.

Also Read [Greater Noida Residential Plot Scheme LOP-04/2024: Last Date Extension for Applications]

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: queries@yamunaexpresswayauthority.com

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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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