Discover Yamuna Authority's Latest Corporate Office Plot Scheme
The Yamuna Expressway Industrial Development Authority (YEIDA) has launched an exciting new scheme for corporate office plots, providing a golden opportunity for businesses looking to establish a strategic presence along the Yamuna Expressway.
Key Features of the Scheme-
- Location: The plots are located in Sector-22E, Yamuna Expressway, ensuring excellent connectivity to major cities and infrastructural hubs.
- Plot Sizes: The scheme offers a variety of plot sizes, including 1000 square meters, catering to diverse business needs.
- Number of Plots: A total of 45 plots are available under this scheme.
- E-Auction: The allotment of these plots will be conducted via an e-auction, ensuring a transparent and competitive process.
- Application Dates:
- Opening Date: July 11, 2024 (05:00 PM)
- Closing Date: August 9, 2024 (05:00 PM)
- Display of Qualified/Disqualified Bidders:August 30, 2024 (05:00 PM)
- E-Auction Date: September 6, 2024 (11:00 AM to 02:00 PM)
Eligible Entities-
- Registered Partnership Firms
- Registered Trusts
- Registered Societies
- Private Limited Companies
- Public Limited Companies
- Public Sector Undertakings
- Government/Semi-Government Undertakings/Departments
Note:
1. Consortiums of any kind are not allowed.
2. Proposed entities are not allowed.
3. Individuals, proprietors, and limited liability partnership firms (LLPs) are not allowed.
4. Only one plot will be allotted per eligible entity under the scheme.
Financial Details-
- Brochure Cost: INR 5500/- + GST
- Processing Fee: Non-refundable/non-adjustable processing fee of INR 25,000/- + GST.
- Earnest Money Deposit (EMD): 10% of the total premium of the plot for which the application is submitted.
- Allotment Money: 30% of the total bid amount after adjusting 10% EMD, payable within 60 days of the issuance of the allotment letter.
- Option to pay the full bid amount within 60 days for a 2% rebate on the total premium.
- Failure to pay the allotment money within the stipulated period will result in the cancellation of the allotment and forfeiture of the EMD.
- Installment Payment: 70% of the bid amount to be paid in six equal half-yearly installments with an interest rate of 10% per annum.
Lease Terms and Additional Charges-
- Lease Period: 90 years from the date of execution of the lease deed.
- Location Charges: Additional charges for plots facing green belts/parks, corner locations, and plots on 30-meter or wider roads, up to a maximum of 15% of the total premium.
- Possession: Lease deed execution after payment of 30% of the premium and one-year lease rent. Physical possession deemed from the date of lease deed execution.
- No Amalgamation/Sub-division: Not allowed for allotted plots.
- Development Norms: Adherence to YEIDA's building regulations at the time of allotment.
How to Apply-
Interested businesses can apply through the official Yamuna Expressway Authority website. The application process involves registering for the e-auction, submitting the necessary documents, and participating in the bidding process.
Why Choose 2A Company?
At 2A Company, we specialize in providing comprehensive real estate solutions in Noida, Greater Noida, and Yamuna Expressway regions. Our team of experts is here to guide you through the process of securing the best commercial properties that suit your business needs.
For more details on Yamuna Authority's new corporate office plot scheme and to explore investment opportunities, Call Us Today.
