YEIDA Ready to Hand Over 6000 Plots & Flats Possessions in Next Three Months

YEIDA

Yamuna Expressway Industrial Development Authority (YEIDA) in going to provide relief for some of its 21,000 individual allottees who were allotted land before seven years. This is a good news for the allottees of these plots and flats.

After wait more than seven years, YEIDA is ready to hand over possession of more than 6,000 residential plots and flats in the next three months. However, the first lot of 3,055 allottees have already been issued possession letters by the Authority in January and February this year.

According to the scheme, about 6,029 plots and flats will be located in sectors 18, 20, 22A and 22D. The allotment process of this property had already been completed in 2009 and 2013. Besides, the Chief Executive Officer Arunvir Singh said that we will be handing over possession to allottees holding plot sizes of 300 to 500 meters each.

“While 435 plots will be handed over in pockets 2A and 2C in Sector 18, 666 plots will be handed over in pockets O and Q in Sector 20. Nine hundred plots will also be given in Sector 22D, while 4,028 flats will be handed over in Sector 22A,” he said.

He also said that earlier they had given possession to 55 allottees holding plots measuring 400 meters in pockets A and B of Sector 20. While 3,000 plots of 300 meters and 500 meters have also been given to allottees in pockets I and J of Sector 18 and in pockets U and T in Sector 20

The authority has also approved the distribution of Rs 65 crore as enhanced compensation to farmers whose land had been acquired within another month. Singh said that with this distribution, we will be able to clear an additional 6,200 plots and flats. While 4,200 flats will be cleared in Sector 22D, 1,100 plots will be cleared in sectors 18 and 20 and 900 plots in Sector 22D.

However, the allottees of these flats and plots are facing a delay due to the farmer agitations. About 77 villages in the area have been agitating for a hiked compensation of 64.7% for their acquired land.

In this regard, the Uttar Pradesh government had directed YEIDA to pay enhanced compensation to farmers in August 2014.

News Source: http://realty.economictimes.indiatimes.com/news/residential/yamuna-expressway-authority-to-hand-over-6000-flats-plots-in-three-months/57909281

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