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Yamuna Expressway Authority likely to develop new residential sector near Noida Airport

Priya Singh | 2023-12-14

The sources said the upcoming residential sector is likely to be named Sector 5 and will be close to the upcoming Noida International Airport. Nearly 1100 hectare land is likely to be acquired for this purpose.
Keeping in view the strong buyer interest, the Yamuna Expressway Industrial Development Authority (YEIDA) is likely to develop a new residential sector near the upcoming Jewar airport, people privy to the development said.

For this, the YEIDA has prepared a proposal to acquire 1,100 hectares of land and will soon send it to the district administration,
The sources said the upcoming residential sector is likely to be named Sector 5 and will be close to the upcoming Noida International Airport. The land department of the authority has been instructed to make necessary preparations

The land acquisition process for 1,100 hectares will begin soon and it is likely to be completed by December 2023 or January 2024. After the land is handed over to the authority, the process of developing the residential sector would start where residential plots as well as group housing societies will be developed,” one of the persons told Moneycontrol.
He said that in the proposal prepared by YEIDA, 50 percent of the land would be set aside for a scheme of 2,000 residential plots in the new residential Sector 5 that will likely be launched in January-February 2024. Group housing societies will be developed on the remaining land.

He said that the huge public interest seen in YEIDA's previous residential plots scheme floated in 2023 will be repeated, given that this new sector will be close to the new airport and also in proximity to the Yamuna Expressway that connects Greater Noida with Agra.