The Yamuna Expressway Industrial Development Authority (YEIDA) will soon allot land earmarked for hotels near the upcoming Noida International Airport in Jewar. It will organise an e-auction for three commercial plots on 22 December, 2023 for this purpose.
The scheme was floated on 1 November, 2023 and under the scheme only three commercial plots have been made available for auction. These commercial land parcels designated for hotels are being offered in sizes of 3,400 sq. mtrs., 5,000 sq. mtrs. and 10,000 sq. mtrs. The authority has also extended the last date to apply for the scheme from 8 December, 2023 to 14 December, 2023.
These land parcels are situated in Sector-28, and have easy access to the eastern-western freight corridors, the proposed International Film City in Sector-21, and the medical devices park planned in the area. The plots will be allotted to successful bidders on a lease of 90 years.
Successful allottees will be permitted to construct multi-storey buildings on their plots with no specific height restrictions. However, hotel structures above 24 mtrs. in height will require clearance from the Airports Authority of India (AAI).