Introduction
The Yamuna Expressway Industrial Development Authority (YEIDA) has turned into a name shining brightly in gold for investment in commercial real estate in India. The strategic planning and robust infrastructural development have paid rich dividends in attracting commercial plots across the country to the YEIDA. One of the most important factors contributing to interest in YEIDA commercial land investment is its proximity to some of the major upcoming developments at Jewar International Airport. Let's take you through some important steps in following up on the process of acquiring YEIDA-approved ready-to-build commercial land.
Understand the Strategic Importance of YEIDA
The entire jurisdiction of YEIDA along the Yamuna expressway connecting Delhi with Agra adds to India's Infrastructure development as this will prove to be a pivotal corridor for any and every type of commerce and logistics. Developments are now fast-paced in this region, including the construction of what will be Jewar International Airport, which will further boost connectivity and economic activity. Investing in commercial plots here makes businesses participants in the upcoming growth curve for the area.
Check for the Latest Commercial Plot Schemes Available
YEIDA has initiated an e-auction scheme for YEIDA commercial plots from time to time. Sectors such as 14, 15, and 22A are included in the recent scheme and most of the sectors offer plots of different sizes. These differ from being minor retail outlets to an office space. For example, in Sector 22A, the plots start from 112 square meters, and the price would start at ₹3 Crore.
Review Construction Guidelines and Approvals
Before commencing construction, it's imperative to adhere to YEIDA's building regulations. Key guidelines include:
- Building Plans: Obtain prior approval of building plans from YEIDA.
- Coverage and Height: Maximum permissible coverage is 100%, with up to Ground+5 floors allowed.
- Basement: A single basement for services and storage may be provided.
- Fire Safety: Ensure compliance with fire safety norms and obtain necessary approvals.
Adhering to these regulations ensures a smooth construction process and avoids potential legal complications.
Participate in the E-Auction Process
In order to buy a commercial plot, you will have to go through the open and transparent e-auction processes provided by the YEIDA:
- Registration: Present the application with relevant supporting documents and size the completion of compulsory fees.
- Bid Submission: Place your bids during the e-auction period.
- Allotment: Surveyed successful bidders shall communicate with allotment letters followed by execution of lease deeds.
You are advised to follow the timeline and the rest of the guidelines in the scheme brochure.
Leverage Professional Assistance
To avert complicated acquisition and development, one must indeed seek the efforts of real estate consultants such as ERM Global Investors, which can be undeniably insightful and helpful, tagging along suitable land plot identification and legal processes and assistance in transactions to enable a smooth investment experience.
Conclusion
YEIDA approved commercial land provides an enabling environment for businesses intending to thrive on the tremendous growth energy in the region advancements. The clear-cut regulations, world-class infrastructure, and proximity to high-value projects such as the Jewar International Airport deliver some of the best value investment opportunities.
At ERM Global Investors, we also walk customers through the purchase process for commercial property in this emerging corridor. Our expertise assures that your investment complements your business objectives and will bear fruit in the future.