NOIDA: Yamuna Expressway Industrial Development Authority (YEIDA) is set to unveil a premium hotel plot scheme, months before the launch of the Noida International Airport in April next year.
The scheme — scheduled for launch on Wednesday — encompasses 12 premium plots across sectors 28 and 29, specifically designed to accommodate high-end hospitality projects, including five-star hotels.
In Sector 28, two expansive land parcels are being offered — a 10,000sqm plot priced at Rs 65.3 crore and a flagship 20,000sqm plot valued at Rs 130.6 crore, inclusive of location charges. These plots represent a combined investment opportunity of Rs 195.9 crore.
The scheme extends into Sector 29 with 10 diverse plots ranging from 3,100 sqm to 6,400 sqm. The largest plot in this sector, measuring 6,400sqm, carries a reserve price of Rs 43.8 crore.
Two 4,000 sqm plots are priced at Rs 26.1 crore and Rs 24.9 crore. Five mid-sized plots of 3,400 sqm each are valued between Rs 21 crore and Rs 22 crore, while two 3,100 sqm plots will range from Rs 19.3 crore to Rs 20.2 crore. The total value of Sector 29 plots amounts to around Rs 276.2 crore.
The entire scheme, offering a cumulative area of 67,800 sqm across both sectors, represents a total investment opportunity of Rs 472.2 crore. The strategic location along the Yamuna Expressway ensures excellent connectivity to the upcoming airport, making these plots particularly attractive for premium hospitality projects.
YEIDA has structured the scheme to accommodate various business entities, including proprietors, partnership firms, LLPs, and private/public limited companies, with provisions for FDI in accordance with govt regulations. The allocation process will be conducted through a transparent e-auction system.
This initiative follows previous attempts at hotel plot allocation, including one in Feb this year in Sector 28, which faced scrutiny after two plots were awarded to the same company. The authority’s renewed effort reflects its commitment to developing robust hospitality infrastructure in anticipation of the airport’s inauguration.
