Yamuna Expressway Authority receives 1.12 lakh applications for 451 plots near Noida airport

The scheme was launched on October 31 and it closed on November 30.

Also Read: Yamuna Expressway Authority launches scheme for residential plots near Noida airport

“The demand for residential and commercial plots has gone up as people are willing to invest and live close to the upcoming airport. This overwhelming response for residential plots scheme underlines the huge demand,” the official said.

The residential plots come in five size categories of 120 square metres (sq m), 162 sq m, 200 sq m, 250 sq m, and 260 sq m.

The data showed that there were 48,266 applications for the 200 sq m plots, 36,523 for the 162 sq m plots, 24,063 for the 120 sq m plots, and only 1,837 applicants turned up for the 250 sq m plots. The 260 sq m plots drew the fewest seekers at 1,333.

The allocation includes 100 plots of 120 sq m, 169 plots of 162 sq m, 172 plots of 200 sq m, six plots of 250 sq m, and four plots of 260 sq m. The plots are priced at Rs 25,900 per sq m.

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The smallest 120 sq m plot will cost Rs 31.08 lakh, while the 162 sq m plot will be priced at approximately Rs 41.95 lakh. Mid-sized 200 sq m, 250 sq m, and 260 sq m plots will be offered at Rs 51.8 lakh, Rs 64.75 lakh, and Rs 67.34 lakh, respectively, excluding additional charges and taxes.

Booming real estate space

Vishal Raheja, who is the founder and managing director of InvestoXpert.com, said that the tremendous response to the YEIDA residential plot scheme exemplifies the surge in demand for residential, commercial, and industrial spaces in the region. Industry data shows land prices in areas like Jewar have appreciated 40-50 percent over the last two years, reflecting growing investor confidence.

“A study predicts that the Noida airport vicinity could become one of India’s top five realty hotspots by 2025, with an estimated market valuation crossing Rs 60,000 crore. This growth trajectory is reminiscent of the development around Delhi’s IGI Airport, where property values tripled in under a decade,” he said.

Also Read: Noida real estate market: property prices more than double in last five years

The synergy of infrastructure, policy support, and strategic location positions the Noida International Airport neighbourhood as a cornerstone of the next growth chapter for the National Capital Region, unlocking immense potential for early movers in real estate, he said.