Yogi govt gearing up to make Greater Noida an education hub

In line with Chief Minister Yogi Adityanaths vision, the Uttar Pradesh government has announced a new vacant land sale plan to develop Greater Noida as an educational hub. Yamuna Expressway Industrial Development Authority (YEIDA) has invited applications for 5 categories of plots in Sector 17-A and 22-E.

Under this process, which began on September 28, the premium for the plots was fixed between Rs 111 and Rs 174 crore, while the processing fee was fixed at over Rs 5,500 as per GST rates.

With this, the government aims to develop Greater Noida as an educational hub and establish Uttar Pradesh as a trillion-dollar economy and a growth engine of the country.

Due to its proximity to Jewar Airport, International Film City, Yamuna Expressway and Buddha Circuit, better connectivity and the first world-class project of its kind in India in the form of Pod Transit System, Greater Noida will provide excellent facilities to investors who invest in universities and establish educational institutions by acquiring land. Interested applicants can apply for plots in this project until October 27, 2023, and for more information they can visit the official website of YEIDA

The rate per square meter ranges between Rs 9,141 and Rs 12,158.

Information shared on the YEIDA website provides details of vacant plots in the university plot project, including plot area, sector, allotment rate per square meter and total premium.

The per square meter allowance for plot number 11 of 1.21 lakh square meters in Sector 17-A of Greater Noida has been fixed at Rs 9,141. The total premium for the same has been fixed at Rs 111.27 crore, which is the lowest. At the same time, the total premium amount of 2 plots of 2.05 lakh sq ft has been fixed at Rs 174.38 crore per plot. Similarly, the total premium amount for 2 plots of 1.05 lakh sq ft has been fixed at Rs 128.13 crore per plot.

YEIDA joins forces with Bank of Baroda

YEIDA has partnered with Bank of Baroda for this project and they will be involved in the project as a banking partner to handle the application and banking activities.

Whether it is an auction of industrial sites or a determination by lottery, the scope for human intervention is minimal. In this way, applicants are successfully determined through this system before all industrial development authorities, including YEIDA.