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TL;DR: YEIDA’s e-auction of three group housing plots raised ₹389 crore, ₹106 crore above the reserve.
The allotments are expected to yield nearly 10,000 flats in Yamuna City and boost investor confidence near Noida International Airport.
YEIDA’s ₹389 Cr Auction Fuels Yamuna City Development
Yamuna Expressway Industrial Development Authority (YEIDA) generated ₹389 crore from an e-auction of three group housing plots totaling about 13 acres near Noida International Airport. The final bids exceeded the combined reserve price of ₹283 crore by nearly ₹106 crore. Provence Developers bid ₹95 crore, Eldeco Infrastructure & Properties ₹105 crore, and Northwind Estate led with ₹189 crore.
With these allotments, the number of group housing plots allotted since 2024 rose to 11, and YEIDA expects nearly 10,000 flats to be developed, primarily in Sector 22D of Yamuna City. Developers are poised to begin phased construction after necessary approvals, pointing to renewed residential traction in the airport corridor.
Investors researching location dynamics will find useful Noida real estate location insights for evaluating plot proximity, infrastructure and future value. Connectivity improvements — including planned transit links — are likely to elevate demand and premium pricing for projects close to the airport.
Transit upgrades are a major catalyst: the Delhi Metro expansion and luxury property hotspots in Delhi-NCR analysis shows how metro extensions and last-mile connectivity create luxury and mid-market property hotspots across the NCR, increasing the attractiveness of Yamuna City for developers and buyers alike.
Since the renewed allotment drive (the first significant push since 2011), YEIDA has moved to balance residential densification with industrial and commercial expansion as airport operations approach. While earlier projects have faced delays and insolvency issues, the new wave of allotments includes established developers and a mix of medium- and large-scale projects.
NRI investors should take note: for tailored guidance on buying Indian real estate from abroad, consult resources like NRI Realty Edge – guidance for NRIs investing in Indian real estate, which covers regulatory, tax and financing considerations specific to NRIs.
What this means for the market
- Supply boost: Nearly 10,000 flats planned — more housing stock to meet growing demand near the airport.
- Investor interest: Strong bidding and premium realization indicate heightened confidence in the corridor.
- Development timeline: Construction to begin in phases post approvals; watch approvals and completion certificates as leading indicators.
YEIDA reports that over 30,000 residential plots have been allotted under various schemes so far, with about 1,100 allottees obtaining completion certificates. For investors and homebuyers tracking this micro-market, monitoring approvals, developer track records and connectivity projects will be key to timing purchases and maximizing returns.
Key figures: ₹389 cr total auction proceeds; ₹283 cr reserve; ₹106 cr surplus; ~13 acres combined plot area; ~10,000 flats expected.
For buyers and investors focused on the Noida airport corridor, close attention to project approvals, developer delivery track records, and infrastructure timelines will help determine which launches offer the best balance of risk and upside as Yamuna City evolves into a major residential hub.
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