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The YEIDA RPS08A scheme, also called the Diwali Plot Scheme 2024, is a residential plot offering by the Yamuna Expressway Industrial Development Authority (YEIDA) focused on small plots near Noida International Airport.

This scheme, YEIDA Housing Scheme 2024 launched on October 31, 2024, provides 821 plots in Sector 24A for individuals interested in building residential properties close to the upcoming infrastructure hub near the airport. It is aimed primarily at residents of Noida who meet certain eligibility criteria, such as age requirements and residency status, with specific conditions for joint applications among immediate family members.

The application process is fully online and requires a fee, valid documentation, and payment through YEIDA’s online platform. The application window is open until November 30, 2024, and a lucky draw will decide allotments on December 27, 2024.

Here are the details about YEIDA Housing Scheme 2024 :

• Application period: The application window opened on October 31, 2024 and will close on November 30, 2024.  
• Draw date: The plot allotment draw will be held on December 27, 2024.  
• Plot sizes: The scheme offers plots in four sizes: 120 sqm, 162 sqm, 200 sqm, and 250 sqm.  
• Land rate: The land rate for the residential plot is ₹25,900 per sq. m.  
• Allotment: The allotment will be done by manual draw.  
• Possession: The authority will offer possession of allotted plots after completion of development, which is approximately five years.  
• Construction: Allottees will have to get construction done after getting the building plan sanctioned.  
• Eligibility: Applicants must be 18 years or older, a citizen of India, and not own any plot or residential property under the jurisdiction of YEIDA

Also, The Noida International Airport is expected to commence commercial operations on April 17, 2025. This new airport, planned as a major aviation hub, will initially operate with one terminal and one runway, supporting 30 daily flights, including domestic, international, and cargo services.

The first phase of the airport is designed to handle up to 12 million passengers annually, with future expansion plans aiming for a capacity of 70 million passengers per year as additional phases and runways are completed.

The Jewar Airport, officially known as Noida International Airport, is located in Jewar, Uttar Pradesh, India. Its launch is significant as it aims to enhance connectivity and boost economic development in the region. Scheduled to become one of India’s largest airports, it is designed to accommodate around 12 million passengers annually in its first phase, with plans for further expansion.

The airport’s construction is part of a broader effort to improve infrastructure in the National Capital Region (NCR) and to ease congestion at Delhi’s Indira Gandhi International Airport. The project is expected to create numerous jobs and attract investment, contributing to the local economy.

The airport’s launch has been closely followed by various stakeholders, including the government, local businesses, and aviation authorities, as it marks a crucial step in India’s growing aviation sector.

The launch of Noida International Airport is set to significantly impact the real estate market in Noida and the surrounding areas. Here are some key ways it might change the landscape :

1. Increased Demand for Properties : Proximity to the airport will likely drive demand for residential and commercial properties. Investors and homebuyers often seek locations with good connectivity.
2. Infrastructure Development: Improved infrastructure, such as roads and public transport, will accompany the airport’s development, enhancing accessibility and increasing property values.
3. Commercial Growth: The airport is expected to attract businesses, hotels, and logistics companies, boosting commercial real estate. This could lead to the development of business parks and retail spaces.
4. Higher Property Values: As demand rises, property prices in Noida are likely to increase, benefiting current homeowners and investors.
5. Job Creation: The airport will generate numerous jobs, increasing the population and demand for housing in the region.
6. Urbanization: The influx of people and businesses can lead to urbanization, with more amenities and services being developed, making the area more attractive for residents.

The Yamuna Expressway has rapidly evolved into a prominent real estate hotspot, attracting numerous builders and developers. Here’s an overview of some key players and their projects in the region :

1. Gaurs Group

Gaur Yamuna City : An expansive integrated township spanning 250 acres, offering residential, commercial, and retail spaces. It’s strategically located on the Yamuna Expressway, providing seamless connectivity to Noida, Greater Noida, and Delhi

2. ACE Group

ACE Terra: Situated in Sector 22D, this residential project features 3 and 4 BHK apartments with modern amenities, set amidst lush green landscapes

ACE YXP: A commercial venture offering retail shops, food courts, gaming zones, and premium auditoriums, catering to the diverse needs of businesses and consumers

3. Solitairian City

Residential Apartments: Located in the heart of the Yamuna Expressway, Solitairian City offers 1BHK, 2BHK, 3BHK, and 4BHK apartments designed for comfortable living.

4. Nimbus Group

The Palm Village: This residential project offers apartments and studio apartments with modern amenities, catering to the needs of contemporary living

5. Ajnara India Ltd.

Residential and Commercial Projects: Ajnara has undertaken various ventures in the region, focusing on quality construction and timely delivery

Overall, Jewar Airport is anticipated to be a catalyst for economic growth and real estate development in Noida, reshaping its urban landscape.