Latest news with #ShailendraBhatia
Time of India
21-07-2025
- Business
- Time of India
To skirt YEIDA rules, land allottees are betting on a hot tin roof
Noida: Industrial plots off near the upcoming Noida International Airport have one thing in common—tin sheds. While construction of factory units is far from over, with no man or machinery to be seen anywhere, most industrial plot allottees have erected large tin sheds—and a few even gates and fitted a one or two equipment for display—to create the illusion of an operational unit, meeting just the bare minimum to qualify for a functional certificate and resale at premium rates. The Yamuna Expressway Industrial Development Authority (YEIDA) is currently developing sectors 24, 24A, 28, 29, 30, 32 and 33 as industrial zones. It is also in the process of developing new sectors as a future hotspot for fintech, semiconductor and other high-tech industries due to their proximity to the airport. You Can Also Check: Noida AQI | Weather in Noida | Bank Holidays in Noida | Public Holidays in Noida As of now, 3,041 industrial plots have been allotted in these sectors. Of these, 2,297 have been issued checklists and 1,836 executed lease deeds. The Authority said possession was handed over for 1,235 plots, and close to 1,000 allottees have had their building maps approved. However, actual construction activity in these sectors is minimal—only about 15 units are functional on site. According to Yamuna Expressway Entrepreneurs Association president Rishabh Nigam, many plot holders have no intention of starting actual business operations. Instead, they aim to secure a functional certificate by setting up tin sheds at minimal cost—around Rs 9–10 lakh for a 300-square-metre plot—compared to over Rs 30 lakh for concrete construction. Once certified functional, they intend to resale the plots as their values are to go up several times in the resale market, he added. Sources said there have been reports of industrial plots being sold under questionable circumstances in the past few weeks. Tin sheds were also in a way helping allottees avoid penalties imposed on industrial units that fail to become functional within four years of the lease deed under UP govt norms. In response, the YEIDA has tightened regulations. OSD Shailendra Bhatia stated that functional certificates would now be issued only after 50% of a total plot area was developed using concrete. Tin sheds would be permitted only on the remaining portion. This measure, YEIDA officials said, will curb speculative behaviour and ensure that only genuine entrepreneurs benefit from industrial allotments. "It will not only prevent misuse by those aiming to flip plots but also accelerate real industrial development in the region," Bhatia said.
Economic Times
11-07-2025
- Business
- Economic Times
YEIDA draw result 2025: Check direct link, winners list, others key details
The Yamuna Expressway Industrial Development Authority (YEIDA) is conducting the draw of lots for its residential plot scheme in Sector 18 on Friday. Launched on April 21, the scheme offers 276 plots of 200 square metres each and has received over 54,000 applications during the month-long registration period. The draw will commence at 10 AM at the India Expo Mart and will be overseen by a panel of three retired High Court judges to ensure complete transparency. According to OSD Shailendra Bhatia, preparations are in full swing, with seating arrangements in place for around 2,000 attendees. Direct link to the YEIDA draw The entire process will be broadcast live on YEIDA's website, as well as on DD News UP, YouTube, Facebook, and other official social media platforms. Additionally, the proceedings will be photographed and recorded to maintain a clear record. Out of the 54,289 applications received, 64 were disqualified due to incomplete documentation. Following the resolution of objections, a final list of 54,225 eligible applicants has been prepared for the draw. YEIDA plot price Residential land prices in the area have been revised to Rs 35,000 per sqm — a 35% jump from the previous rate of Rs 25,900. Successful applicants will need to deposit Rs 7 lakh as a 10% registration fee, with the balance payable within 60 days of allotment. Allottees must complete construction within three years of executing the lease deed or will face time-extension charges. Allotment letters will be issued shortly after the draw. For those who are not allotted plots, YEIDA will initiate refunds of the booking amount directly to their bank accounts. The plots are located in Sector 18, Pocket 9B, close to the upcoming Noida International Airport.
Time of India
11-07-2025
- Business
- Time of India
YEIDA draw result 2025: Check direct link, winners list, others key details
The Yamuna Expressway Industrial Development Authority ( YEIDA ) is conducting the draw of lots for its residential plot scheme in Sector 18 on Friday. Launched on April 21, the scheme offers 276 plots of 200 square metres each and has received over 54,000 applications during the month-long registration period. The draw will commence at 10 AM at the India Expo Mart and will be overseen by a panel of three retired High Court judges to ensure complete transparency. According to OSD Shailendra Bhatia, preparations are in full swing, with seating arrangements in place for around 2,000 attendees. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like أمين بوبا للشركات الصغيرة و المتوسطة. بوبا سجّل الآن Undo Direct link to the YEIDA draw The entire process will be broadcast live on YEIDA's website, as well as on DD News UP, YouTube, Facebook, and other official social media platforms. Additionally, the proceedings will be photographed and recorded to maintain a clear record. Out of the 54,289 applications received, 64 were disqualified due to incomplete documentation. Following the resolution of objections, a final list of 54,225 eligible applicants has been prepared for the draw. Live Events YEIDA plot price Residential land prices in the area have been revised to Rs 35,000 per sqm — a 35% jump from the previous rate of Rs 25,900. Successful applicants will need to deposit Rs 7 lakh as a 10% registration fee, with the balance payable within 60 days of allotment. Allottees must complete construction within three years of executing the lease deed or will face time-extension charges. Allotment letters will be issued shortly after the draw. For those who are not allotted plots, YEIDA will initiate refunds of the booking amount directly to their bank accounts. The plots are located in Sector 18, Pocket 9B, close to the upcoming Noida International Airport.
Time of India
10-07-2025
- Business
- Time of India
YEIDA to hold draw for residential plot scheme in Sector 18 on Friday
Noida: Yamuna Expressway Industrial Development Authority (YEIDA) will conduct a draw of lots for its residential plot scheme in Sector 18 on Friday. Launched on April 21, the scheme offers 276 plots of 200 sqm each and has got over 54,000 applications during the month-long registration window. The draw will begin at 10am at the India Expo Mart and will be supervised by a panel of three retired High Court judges to ensure transparency. According to OSD Shailendra Bhatia, preparations are in full swing, with seating arrangements made for about 2,000 people to attend the draw in person. You Can Also Check: Noida AQI | Weather in Noida | Bank Holidays in Noida | Public Holidays in Noida The entire process will be broadcast live on YEIDA's website, as well as on DD News UP, YouTube, Facebook, and other official social media platforms. Additionally, the proceedings will be photographed and recorded to maintain a clear record. Out of the 54,289 applications received, 64 were disqualified due to incomplete documentation. Following the resolution of objections, a final list of 54,225 eligible applicants has been prepared for the draw. Residential land prices in the area have been revised to Rs 35,000 per sqm — a 35% jump from the previous rate of Rs 25,900. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo Successful applicants will need to deposit Rs 7 lakh as a 10% registration fee, with the balance payable within 60 days of allotment. Allottees must complete construction within three years of executing the lease deed or will face time-extension charges. Allotment letters will be issued shortly after the draw. For those who are not allotted plots, YEIDA will initiate refunds of the booking amount directly to their bank accounts. The plots are located in Sector 18, Pocket 9B, close to the upcoming Noida International Airport.
Hindustan Times
11-06-2025
- Business
- Hindustan Times
Yeida fixes rates to buy agricultural land near Noida airport
Greater Noida The Yamuna Expressway Industrial Development Authority (Yeida) on Tuesday said it has finalised rates to purchase agricultural land from farmers of 55 villages in Bulandshahr for developing new urban areas, as it intends to ready the land for the industrial use around Noida airport. To be sure, five months ago, Yeida had set up a committee headed by Shailendra Bhatia which submitted its report to the authority's chief executive officer (CEO) Arun Vir Singh on Tuesday, finalising the land rates to commence land purchase as they need it without delay, officials said. 'We will put the committee's recommendations on the board so that we can offer better rates to them and buy the land required for the infrastructure and industrial development in this region. The committee has fixed the rates in view of the rates offered by neighbouring Gautam Budh Nagar district. And since we've notified these 55 villages of the Bulandshahr for the planned district, we decided to offer a better rate. Once the board gives its official nod, the authority will start buying the land from farmers,' the CEO said. Yeida officer on special duty Bhatia-headed committee, including additional chief executive officer Kapil Singh and other officials, said if a farmer intends to take residential plot (7% of total land acquired), he will get ₹3,800 per square metre (sqm), and if he doesn't wish to, the rate will be ₹4,300 per sqm. The authority decided to offer this rate after farmers sought the same saying that farmers in adjoining Gautam Budh Nagar district get ₹4,300 per sqm, as they are giving the land for the airport and other infrastructure projects. To be sure, these rates ( ₹3,800 and ₹4,300 per sqm) will be given to people in the 55 villages falling in Bulandshahr district. On June 23, 2023, Yeida had notified these villages for the planned development. Yeida earmarked land of these villages for development since discovering that people are developing illegal projects on some patches, and it wants to stop development of these unauthorised projects by buying land from farmers, said officials. In June 2023, Yeida had announced that it wanted to build two new expressways and a rail link to connect Chola Railway Station in Bulandshahr to Jewar, where the Noida International Greenfield Airport is being built, prompting officials to decide the rates paving way for the land buying, said officials. 'There will be a 2.5km gap between the two expressways, and this area will be developed into a warehousing and logistics hub, creating enormous business opportunities and helping in job creation. A rail link will also run parallel to one of the expressways connecting the airport and this area with the Delhi-Howrah rail link on which the Chola railway station is located in Bulandshahr,' the CEO said.
