Noida: The Yamuna expressway industrial development authority (Yeida) has launched two plot schemes for group housing and hotels, to boost urban development near Noida International Airport, officials said on Friday.
To cater to the demands, we have launched this scheme for businessmen,” said Shailendra Bhatia, additional chief executive officer of the Yeida. “The airport became operational in June and there is increasing demand for residential and hotel plots in the area.
Meanwhile, Sector 22D has four plots — one measuring 27,925 sqm, two measuring 45,700 sqm each and the largest plot measuring 50,600 sqm. The allotment rate for housing plots is ₹ 52,500 per sqm and the largest plot will have a reserve price of ₹ 265 crore, as per officials. Reserve price for these plots has been fixed at ₹ 87,010 per sqm, which puts the reserve price of a 10,000-sqm plot at ₹ 91 crore. The last date for submitting applications under this scheme is October 24. The names of qualified bidders will be displayed on November 2, and the e-auction will be conducted on November 4 at 11am. However, as sectors 28 and 29 are adjacent to Noida International Airport, the permissible building height is approximately 29 metres, Yeida officials explained.
There is no limit on the height of a hotel building, according to the building regulations.
