YEIDA pledges free land for Peripheral Expressway

Greater Noida: The Yamuna Expressway Industrial Development Authority (YEIDA) on Monday said it would provide free land to National Highway Authority of India (NHAI) for the construction of Eastern Peripheral Expressway that will be connected to the Yamuna Expressway.

"The portion of land that is falling under the Yamuna authority and has been acquired by the NHAI for the construction of eastern peripheral expressway will be provided free of cost" said Dr. Prabhat Kumar, Chairman, YEIDA.

Around 97 hectare land falling in YEIDA's Sectors 30, 31, 7 and 8 will be given free to develop the facility, an official said.

Detailing the other major decision taken by the authority in its 62nd board meeting held on Monday, the chairman said, "Following the directions from GST council of India, the Goods and Service Tax that was earlier levied on the 21,000 plots falling in Sector 18 and Sector 20 along the Yamuna Expressway of year 2009 residential scheme, has been removed.

:Now, these allottees need not to pay the GST while the other taxes will be applicable".

Other than this, YEIDA board has also agreed to extend the Noida-Greater Noida metro link to Jewar Airport.

Also the authority has sought to provide a major relief to their allottees by cutting the interest rates by 1.5 per cent.

"We have decided to cut the interest rates by 1.5 per cent on all the installments paid against the cost of the property," Kumar continued.

Kumar added that YEIDA has also decided to return back the land it had decided to acquire in 2009 as part of developing Sector-18 in Yamuna Authority Area.

"We have now decided to release the land and cancel acquisition of about 3,700 plots falling under the proposed Sector-18.

"The allottees will face no inconvenience because of this decision and they will be allotted plots in other sectors, making use of available land back with YEIDA," Kumar said.

According to officials, the land that was acquired to form Sector 18 falling under Yamuna Authority area belonged to famers of Bhatta Parsaul village and they have been refusing to accept the compensation from the authority.

The land could not be acquired as most of the farmers have not taken any compensation since 2009.

The Chairman further informed that Promoting ease of doing business the chairman said that those farmers who are willing to set up a gas godown, cold storage, petrol pump or a retail chain at their farming land have now been given permission to go ahead after fulfilling the needful formalities.