The Best Time to Build Your Dream House
If you are dreaming to build a perfect house of your own, Noida International Airport Plots is the perfect area to explore. Yamuna Expressway Industrial Development Authority (YEIDA) has recently announced a great housing scheme which seemed to have gotten the attention of numerous real estate advocates within the region. This great opportunity presented itself involved the allocation of stakes for the construction of detached bungalows close to the Noida International Airport and the demand was massive.
The Overwhelming Response for the YEIDA Scheme
In just three short weeks, it shook the real estate sector. According to reports, 173,000 registered users quickly signed up on the portal aiming to grab one of the available 1,184 stakes. One was overwhelmed by such enthusiasm:
- Application forms were filled by 123,000 people through purchasing them from the internet.
- A total of 110,000 applications were made.
- 78,290 applicants who were successful, forwarded a 10 percent earnest deposit.
People became eager, as the submission date drew near, the wishing prospects made it an attractive time for anyone searching for investments in real estate.
Ruled Out The Limitations Of The Single Plot Size
These residential plots were designed to accommodate people of varying demands by providing them with different sizes.
Located in the Yamuna Expressway, Sectors 16 and 20 featured plots that covered 120 to 2000 square meters of land. Among the commercially available lots, 466 of them had a 200 square meter area, while 260 other lots had a total land area of 162 square meters each. This range of options guaranteed that any of the buyers would be able to source a land that meets their landscaping requirements by building their dream houses.
Fair Distribution And Reasonable Costs
The noticed scheme of August 8th pledged an exorbitant rate of Rs 24,600 per square meter to these broad spread plots. Distribution was accomplished by engaging in a draw of lots, which was performed on the 18th of October. In the distribution task of the plot, those applicants who paid a deposit in advance had had some slight advantage.
The YEIDA’s topmost CEO, Mr Arun Vir Singh was pleased with the historic result, saying that the response is overwhelming given that they had the highest record in applications submitted, suggesting over 3000 applicants.
Reason for Surge: Noida International Airport
Elevated demand on the housing plots close to the Yamuna Expressway is accredited to, Noida International Airport. Construction pace initiated last year created ripples on real estate within this area.
In for three multitude months of October Year 2022, YEIDA was involved in bidding process and as many as 64000 applicants came looking out for 477 plots in various sectors.
This increasing trend underscored how important the airport was for the area in question.
Strategic Location and Promising Infrastructure.
The airport is well situated so that the earlier worries over distance and lack of development are now relics. Furthermore, augmenting this growth are ambitious infrastructure programs such as:
- The Apparels Park and Medical Device Park
- Proposed Film City
These projects are likely to be destatizing and instill a certain sense of order and stability to the community, making the decision to develop investment activities in these plots all that much more attractive.
Dream Location: Your Real Estate Partner.
As real estate partner we appreciate that there are great prospects to be able to invest in real estate in the vicinity of Noida International Airport and also to become one of its trusted partners in the real estate business. We are ready to assist you and help you in the right steps of securing a property in a value adding location.
Conclusion: A Chance of a Lifetime.
Owning an office space near Noida International Airport is nothing short of an exciting opportunity. There is buzz apparently because of the YEIDA scheme and how many people are investing in the area, suggesting there is much more that will be done in this area. If you want to build your dream home or just an investment property, this is the time.
For more information about Dream Location and to search your dream property, please visit Dream Location on Google Map. Contact us today to know more about the best real estate deals in Delhi and North India; we will connect you to the right property investment.