Yamuna Expressway Authority launches data centre scheme, eyes Rs 220 crore revenue

The Yamuna Expressway Industrial Development Authority (YEIDA) has kicked off a scheme for allotment of data centre plots. The scheme opens on June 12 and the last date to apply will be July 3, officials said. Under the scheme, five plots located in Sector 28 along the Yamuna Expressway are being offered and will be allotted through e-auction. The authority aims to earn Rs 220 crore from the sale of these data centre plots.

A YEIDA official said the e-auction will be conducted on July 17.

“Under the scheme, three plots measuring 40,000 square metres and two plots of 20,000 square metres, all located in Sector 28, have been put on sale. We are expecting a revenue of around Rs 220.6 crore from the e-auction of these plots,” the official told Moneycontrol.

According to the scheme document, the reserved rate of bidding for a 20,000 sq m plot ranges from Rs 14,088 per sq m to Rs 15,496.8 per sq m, depending on the location of the plot. Reserve rate for bidding for 40,000 sq m plots range between Rs 12,819 per sq m and Rs 14,100.90 per sq m. The per-square metre rate is lower for 40,000 square metre plots because of the larger area.