Be among the first to own a Residential Plot offered by Yamuna Expressway Industrial Development Authority In NCR Starting Rs 14 lacs
* Scheme open: 02.03.2009* Scheme Closes:04.05.2009
* Tentative Draw:10.08.2009
Friday, February 27, 2009
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its really hard to find any plot in NCR for such a low price......amazing scheme!!!
ReplyDeletePlz provide details abt the form and any website....thnx!
ReplyDeletewww.yamunaexpresswayauthority.com
ReplyDeletepls advice us the location of the plots
ReplyDeletePlots r located near Greater noida along the Tax expressway corridor.the location is good considering the price.Development on this corrider is quite visible and the plots hold merit for investment even in the current senario.
ReplyDeleteForms can be dowloaded from the site 5th march onward
ReplyDeleteThe place is 21 KM from Entry to G Noida and would be some 50 Km from Delhi/Noida border at least. I was expecting lower price then 4750 per sq m. For development around the expressway the expressway region between Noida and G Noida will take at least 10 years to populate before the development reaches past G Noida to YEA.
ReplyDeletethe price around the area currently is far more than Rs 4300 per sq yard . i think it will be subscribed heavily
ReplyDeleteThe area is prone to crime by the adjoining village folks including gujjars... so beware lest you should get stuck nice and proper for rest of your life !!
ReplyDeletenoida is even more prone to crime than this area.....its ur choice
ReplyDeleteworst part about UP is that its full of crime, moreover such govt schemes are full of corruption and only those who grease the pals of authority babus are alloted plots. Draw is an eye wash.Every thing is rigged
ReplyDeleteG noida reate ia around 15K and its not fully developed. this place is 20KM away would take long to develop
ReplyDeletewhich category should i applied for.....scheme| or scheme|| of payment????
ReplyDeleteThis is a very good scheme. Please apply as soon as you can.
ReplyDeleteNot a very lucrative scheme.your choice.do your home work before you get driven as you could not apply in any other scheme up till now.
ReplyDeletebetter to invest in 1bhk flat ion delhi rather than this u will get good return
ReplyDeleteFor the time being this may not give returns but for long time investment this may give handsome returns.Take it as 5 years fixed deposit.
ReplyDeleteabsolutely right......this will fetch u handsome return in long term as it id strategically located and the area is bound to be developed
ReplyDeletei think the price should have been in the vicinity of rs 3000 per metre.At 4750 its not a catch at all considering that area is around 20 kms from greater noida, around 45 from noida and 55 from delhi. Although if you remian invested for at least 5-7 years, your money is bound to multiply. Also keep in mind about the upcoming formula 1 race track, gautam budh university, sez zones and night safari on the expressway. All in all its only a long term investment. Short term investors should look for other options.
ReplyDeleteinvest in it :)
ReplyDeleteThe investment is not advised for the people want quick bucks.
ReplyDeletethis scheme going nowhere and will be under-subscribed ......pathetic response from all section i believe
ReplyDeletelikely rate post allotment rs.3250
ReplyDeletecurrent rate around 6000
ReplyDeleteno way the price can be above offer price. Currently Greater Noida's last scheme has a premium of only Rs. 1000. No one would like to stay their because of night safari or formula 1. No transfer is allowed in the scheme till possession which will be given after 8 years.
ReplyDeletethe difeerence in the rate of greater noida and yamuna expressway is huge.....i dont think its wise to comapre both the palces ...there is clearly premium attached to dis scheme...so go baby ...go
ReplyDeletescheme to mast hai bus plot nikal jae-asvinder khari village khanpur loni ghaziabad up
ReplyDeletescheme to mast hai bus plot nikal jae-asvinder khari village khanpur loni ghaziabad up
ReplyDelete10 form bharo ...nikal hin jayega...lol:)
ReplyDeletePRICE is much heigher than expectation....to invest that much money at to far location from delhi/noida is foolishness...... if authority decreses the price upto 60% than we can say a good are for investment only than...otherwise..wasting money and time.....rest is your choice.
ReplyDeleteits a very expensive proposition with the down side being much greater than the up...
ReplyDeleteavoid unless you have tons of cash you don't know what to do with...
implying that if you consider sinking with the titanic as an adventure - then this is definitely your boat...
Brocher says in Payment Option 2:
ReplyDelete"..30% within 60 days from the date of allotment and the balance 70% shall be payable in 16 half yearly installments (with 12% interest)."
Has anyone calculated the actual cost it will translate for a 300sq.mt plot..? PLease do reply!!
As far as my calculations , its More than 20Lac (300Mtr Payment option 2) ...
It will cost Rs 27 Lakhs for a 300 SQM Plot on Scheme 2 ( 30% down payment and assuming you finance the rest @9% from a bank).
ReplyDeleteScheme 1 will cost you around Rs 22 Lakhs for the same.
Following are the calculation used (copied from an excel sheet):
Total Cost
Particulars Sq mtr Rate Amount
Land value 300 4750 1425000
Registration 10% 142500
Lease 10% 142500
Total 1710000
Payment
Registration charges with Application for 300 sq mtr 100000
DD charges 2000
Option I
50% within 60 days of allotment 755000
Rest @ 12% interest payable 1/2 yrly for 8 years
Half yearly principal 53438 855000
Interest 30000 480000
Total 2192000
Possession of land after 75% payment i.e. 7 installments 1339062.5
Option II
30% within 60 days of allotment 413000
Rest @ 12% interest payable 1/2 yrly for 8 years
Half yearly principal 74813 1197000
Interest 41875 670000
Total 2382000
Possession of land after 75% payment i.e. 7 installments 1229813
Loan from Bank
Option I
Loan amount 1463000
Rate of Interest 9%
Tenure - months 96
EMI 21500
Total 2064000
Prepayment penalty - 2% 41280
Self finance
Registration charges 102000
30% value 513000
Total 615000
Total cost 2720280
Its a very costly scheme. That area will take atleast 10-15 years to develop. Investing 20 lacks for 300 sq. mtr. plot and too without any return is foolishness.
ReplyDeleteITS VERY GOOD SCHEME. MUST INVEST BECAUSE BEFORE COMMONWEALTH GAME ALL INFRACTURE WILL BE COMPLETED BY YEA. ALSO BY 2014 METRO WILL REACH OVER THERE. ITS DREAM PROJECT OF UP GOVT WHICH WILL BE COMPLETED WITH IN TENURE OF EXISTING STATE GOVT. HARDLY IT WILL TAKE TO DEVELOP 5 YEARS. YEA SHOULD NOT CHARGE ANY INTEREST FOR THIS SCHEME.
ReplyDeleteYEA IS GOOD SCHEME . INFACT A LOT OF PEOPLE WANT TO MAKE PROFIT IMMEDIATELY like NOIDA, DDA ETC. YOU MAY GET MORE THAN THIS IF YOU THINK LONG TERM INVESTMENT. VERY SOON YOU WILL GET NEWS THAT YEA, NOIDA, GREATER NOIDA, FARIDABAD, GURGAON, SONIPAT,BAGPAT ARE IN DELHI STATE
ReplyDeleteDONT MISS THIS CHANCE.APPLY IMMEDIATELY
with hardly 14500 bookings for the entire scheme till date, it speaks volumes of the interest it has generated
ReplyDeleteHello Everyone. Can anyone pls confirm that from where can we see the total applications received for this scheme till date. Thanks in advance...PS
ReplyDeleteit is a source based info....no official word
ReplyDeleteYamuna Expressway residential plots project fails to draw buyers
ReplyDeleteTwo years ago, consumers and investors would have lapped up for plots along Yamuna Expressway, ranging between 300-4,000 sq mt at rates between Rs 4,000-5,000 per sq mt, but the situation is very different now.
Almost 10,000 plots are available for sale on either side of under construction Yamuna Expressway but two months into the scheme only 10,000 applicants have put in their forms forcing the authortiy to extend the scheme by another fifteen days.
Last year 80,000 applicants put in money for 2300 plots in Greater Noida at Rs 10,500 per sq mt, but the demand may fail to take off as the residential plots are located 19 kms from Greater Noida with no ready infrastructure.
While the draw would be held this August the plots would be ready to move in only after three years. Officials admit such a huge supply should have come in phases.
“Any new area when it gets developed it takes time for end users and investors to get interested in it. Also because of the slowdown a lot of investors are finding deep discount opportunities within the developed areas,” said Vivek Dahiya, CEO, GenReal Property Advisers.
The plots have been aggressively advertised citing proximity to the proposed Formula-1 track but even a price tag of Rs 14 lakh for the smallest plot has not moved buyers.
“Any investor or end user does consider macro level developments of a night safari or a formula 1 track but will not base investment based only on that reason. They will look at factors such as access to site, on what infrastructure is available and timelines,” said Dahiya.
Now that the scheme has been extended, all the officials hope is that they have enough numbers to hold the semblance of a draw.
If anyone let me know how much forms are received by authority till today
ReplyDeletehi, around 13th may, there was a news in HT, which stated that approx 23500 applications have been received so far against 8000 plots offered in draw. I guess the probability would be 1:3 in that case. However I would like to know the exact no. of applications received finally....If anyone has an info...
ReplyDeleteCHEERS...PS
if 24000 applicants are there, 50% of them will default. So my guess would be, YEA will allot plots to everyone and cut down on 40000 / 10000 sqm.
ReplyDeleteI am happy with a 500 sqm plot (enough for my vacation home)
No slowdown in sale of residential plots in Greater Noida
ReplyDeleteKapil Datta, Hindustan Times
Email Author
Noida, May 13, 2009
First Published: 22:57 IST(13/5/2009)
Last Updated: 22:59 IST(13/5/2009)
_____________________________________
It seems the economic slowdown hasn't made much of an impact on buyers in Greater Noida.
The response generated by Yamuna Expressway Authority’s recently launched residential plot scheme has been fairly warm.
The authority has received 23,650 applications for the 8,350 plots on offer. The scheme closes on May 15.
The site is well-located. It is 17km from the point the Yamuna Expressway starts on the Noida-Greater Noida Expressway. It is very near to Jewar airport, just 8km before the airport site.
“Elections forced us to extend the date till May 15. The scheme was to close on May 4,” deputy chief executive officer R.K. Singh said.
The authority would conduct the draw of lots for plots on August 10.
Looks like this is another Vasant Vihar in the making....
ReplyDeleteHey this is good news that there is a reasonable demand for plot. Once the proposed airport gets approval from Central government after NDA government formation; it will definitely become vasant kunj
ReplyDeleteTO PS: I very well understand your anxiety about getting allotments. This time around, you will be lucky and the allotment letter will come through in August. In the prospectus, it clearly says that YEIDA may increase the number the plots / plot size. Plus if you have selected scheme one [50% down payment] which has a 25% reservation, you will surely get it.(If you can, try to make the max payment) 10 years down the line, the whole concept of city living will change because most of the good paying jobs will be located in Gurgaon / Greater Noida region because of tax breaks.
ReplyDeleteMy grand father bought one acre of SDA farm land in 1950s, and DDA acquired that land those days and he had to fight tooth and nail to get a compensation land. DDA alloted a 300sqy plot in Safdarjung Enclave around 1963. Most of our folks including me, now live in New Jersey however we know the history of DDA and others.
So dont lose heart. Remain invested !!!!!! You wont go wrong. There is no short cut in life specially we middle class guys.
Future YEIDA Plot owner...
We guys who are interested in YEIDA can join this Google group.
ReplyDeletehttp://groups.google.com/group/yeida?hl=en
It is a google group meant for like minded people to discuss our views. I don't have any financial interest in this and I don't live in India.
hi, i also applied for 2 plots of 300 metres each, shd have applied for 1 500 metre, chances were better. i think out of 24000 applications, around 22-23k must be for 300 metres, DO anybody has any break up of plot wise actual applications recd
ReplyDeleteHi! A good news for all the applicants of YEA. Authority increase the no of Plots from 8,350 to 33,950. Total application received under the scheme was approx 46,000 that mean 80% applicants will get allotment.
ReplyDelete( Source Navbhart Times july4,09 & following link http://navbharattimes.indiatimes.com/articleshow/4736128.cms )
More plots on offer in YEIDA...
ReplyDeleteThe authority just increased the number of plots to 33,950...They did have that clause in their Brochure...& they implemented it...It increases the probability to 80%...WOW!
http://www.tribuneindia.com/2009/20090102/delhi.htm#8
http://www.hindustantimes.com/StoryPage/StoryPage.aspx?sectionName=RSSFeed-India&id=1bc7a64b-d74f-4047-85de-0b75ba396ded&Headline=More+plots+on+offer+in+G+Noida
It's a good news that YEA has increased no of plots but there is no official confirmation yet. in my opinion YEA wont like to increase the plots so much in first draw itself
ReplyDeletehow can i know the status of my application for this scheme.i cudnt find a link .YEA site?...nothing is there
ReplyDeletehi friends,
ReplyDeleteSo many plots allotted in single scheme? Be prepared to wait for a decade before you really experience some appreciation. All sellers and no buyers scene is to be witnessed as most of you know that a large number of applicants are non-serious guys who applied in a hope to get allotments so as make quick money by reselling. They all loose this opportunity. Remote location, not so good law and order conditions would further add to investors woos and result in a lethargic returns
You seem to be right my friend. Even I feel that these non serious buyers would be hesitant to put 30% amount on allotments as they will not find a ready buyer. Law and order problem in the area is an open fact known to everyone and that is a big minus.
ReplyDelete@Hydrochem: Your logic is correct however it looks like there won't be another plot scheme for few years from the authorities.
ReplyDeleteThis year there is a general circle rate increase of 20% in GB Nagar Area. So the sqm rate can go up by upto 20%.
I thinks its a brilliant move by YEA to lock in so many investors in a single scheme and achieved its base load.
So expect the next scheme to be 30% higher rates if not more like GNIDA (suddenly doubled the rates in 08)
End users will start buying plots after 4-6 years.
In my opinion all who applied for plots will get allotment, If we exclude about 15% non serious investors from the total no of applications (44000). This Saturdays TOI has an article which says that total applicats are 44000 and total plots are 38000.
ReplyDeleteIt will take quite some time when the demand gets created. It mostly depends upon YEA development work in that area.
The applicants like me who submitted multiple applications in the hope of getting atleast one allotment will be in serious trouble this time.
This feastival will be bumper festival (14-16th Oct)for investors.
Hi there,
ReplyDeleteIf you google this topic, you will notice, that this scheme/place has generated great interest among end users. Most of them (investment savvy guys) just decided to sit and watch the market response this time and are pretty surprised by the 43K number (which will result in a 1:1 allotment).
More over, the NRI crowd did not invest this time (which is another segment with lot of appetite for this type of scheme).
Both these market segments will converge together, if another plot scheme comes out in the near future.
From YEA's point of view, they would gladly revise the SQM rate by 20-50%, as they have already achieved the critical mass of 66%.
(66% comes from 2000 Hectares (this allotment) against 3000 Hectares planned for development by 2011).
I can bet that IF YEIDA plans to invite fresh application against this 34K plots NOW, they will be swamped by 250,000 application (from all over India / Overseas).
This is a very good investment scheme for mid to long term buyer. Short term buyers may consider to withdraw by taking a Rs 5K hit.
Thanks for reading my post.
Take care,
Arnab M
Scheme is now generating interest among people, particularily investors. Initially, it was thought to be a big flop show but with the time passing, work on YEA progressing, allotees of the scheme are sure to get good returns. This is however going to take few years - so some patience and lot of returns bound to come.
ReplyDeleteDid Any body think that all those who have opted to take loan for application money (they are quite a few) might have to pay more interest due to delay in draw. Bank has charged interest upto september only.
i had applied for 300 sq mt plot after increase of no. of plot can i get allotment
ReplyDeleteWill get preimium in the market @ 3000 per sqr mtr after allotment . If you hold it till 2012 will get atleast 20000 per sqr mtr preimium. Suggest it DONT SALE It will GReater Kailash in future
ReplyDeleteWith my little experience in property matters, I have learnt the following fun-the-mentals of Real Estate market:
ReplyDelete1. Property Dealers are the best friends of mankind. Without their presence, the very existence of individuals, societies and nations will be severely compromised.
2. In property markets, the prices ALWAYS move up.
3. Recession or epidemics have only one impact on property prices: POSITIVE.
4. When your agent says that Airport projects, malls, transport corridors and entertainment clusters are bound to come up in the vicinity, HE can never be wrong. (Please blame me for deliberate gender bias here)
5. If you are willing to sell your existing property, the market is always cold, there are never enough buyers. Consequently, there are no premiums.
6. If you are willing to buy any property, the market is always hot. There is no availability, thus you must pay premium.
7. If you have a need to buy, there are only two type of prices available: VERY HIGH or UNAFFORDABLY HIGH. There are no low prices for you.
8. The newer colonies shall have much more market and rental value and consequently more appreciation than existing settlements. This is irrespective of the fact that these new settlements have no inhabitants, no existing infrastructure or facilities.
9. Property dealers never lie; therefore citizens should be persecuted for mistrusting property dealers.
10. If you get shocked by the unrealistic prices in the neighbourhood of your proposed buy, and your Honourable agent gives statistical support for his basis of calculation, you should never counter him by borrowing from Disraeli: "There are only three kind of lies: lies, damned lies and statistics". If you still persist with your attitude, please refer to clause 9.
11. The authorities are the supreme commanders of citizen's fortunes. They can do anything (including but not limited to amendment of schemes, change in prices/draw dates/ plot size/ numbers on offer/profile of applicants/ location, calling-cow-an-ass, even scrapping the projects altogether). As a citizen, you have no right to question your commander's acts or omissions.
PLEASE ADD MORE FUNDAMENTALS AS PER YOUR INFORMATION.
Request to Mod: This post has direct bearing with the current and future happenings of YEIDA, please retain it for ready reference of future investors.
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ReplyDeleteThanks for sharing useful information with us it’s great info keep sharing.. Get best Info about Gaur Yamuna City residential plots on Yamuna Expressway, prime location of Noida with racing track.
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