YEIDA Initiates E-Auction For Prime Institutional Plots Near Jewar Airport In Greater Noida

The Yamuna Expressway Industrial Development Authority (YEIDA) has unveiled an exciting opportunity for institutional development with the initiation of an e-auction for plots in Greater Noida. These strategically allocated plots, situated in proximity to Jewar Airport, offer a prime location for the establishment of nursing homes, hospitals, maternity centres, corporate offices, and senior secondary schools in sectors 18, 20, and 22E of Greater Noida.

As part of a recently launched scheme by YEIDA, interested parties can submit applications for plot acquisition until 1 January 2024. The e-auction process is slated for completion by 29 February 2024. These plots, strategically located near Jewar Airport, will be allotted on a leasehold basis for a duration of 90 years under the scheme.

A total of 11 plots, ranging from 1000 square metres to 10900 square metres, will be open for bidding through e-auction under the plot allotment scheme. The reserved prices for these plots range from Rs 4.75 crore to Rs 25.95 crore, with ICICI Bank serving as the banking partner for the e-auction process.

To participate in the e-auction, interested parties can download the brochure from the official YEIDA site after paying a processing fee of Rs 25,000. These plots are not only strategically located near Jewar Airport but also in close proximity to significant landmarks such as the International Film City (Noida), F-1 MotoGP Track, Medical Device Park, Electronic Manufacturing Cluster, and Toy Park. 

Additionally, they will be adjacent to the Yamuna Expressway, ensuring seamless connectivity. Furthermore, their connectivity with the proposed Eastern Peripheral Expressway is guaranteed.

Institutions intending to establish their units on the allocated land through the plot allotment scheme must adhere to various standards and undertake the development of essential civic amenities within their units. 

Hospitals, under this scheme, are required to establish not only medical treatment facilities but also additional infrastructure, including a hospital, ATM, auditorium, bank counter extension, information centre, canteen, stores, international conference centre, and chemist. The comprehensive development of facilities such as shops and internet centres is also mandatory.

Nursing homes must provide facilities including clinical laboratories and chemist shops, in addition to treatment centres. Corporate office spaces allocated through the scheme should encompass corporate offices, conference rooms, seminar halls, multilevel parking, and auditoriums. 

For units designated as senior secondary schools, the development should include school premises with amenities such as a canteen, swimming pool, library, labs, indoor games hall, and hostel. The institutions are expected to construct and develop a range of facilities corresponding to their respective purposes.

YEIDA's decision to open e-auction for these institutional plots signifies a significant move towards fostering development in Greater Noida. The prime location, coupled with the developmental potential of these plots, is expected to attract substantial interest from investors and institutions keen on capitalising on the strategic advantages offered by these plots.