September 14, 2023: The Yamuna Expressway and Industrial Development Authority (Yeida) has given approval to the draft master plan for 2041. Media reports cited officials announcing the authority’s decision during its 78th board meeting.
According to the authority, the draft plan focuses on connecting the notified area up to the Chola Railway Station in Bulandshahr District, Uttar Pradesh, with the Jewar Airport by road and rail. It also includes the development of logistics and industrial activities.
The Yeida was established under the Uttar Pradesh Industrial Development Act, 1976. Yeida functions under the jurisdiction of the UP Government and is responsible for managing land development along the 165-km Yamuna Expressway.
Yeida proposes establishment of Heritage City
A proposal for the creation of a Heritage City within the Yeida area was presented during the board meeting. It was decided to expand the pre-planned area from 760 acre to 1,500 acre along the Yamuna River in Mathura, including plans for river fountains.
According to a TOI report, the Heritage City project will be developed over 800 acre of land, aimed to ease congestion around the twin towns of Mathura and Vrindavan.
Yeida announces one-time settlement policy
Media reports also mentioned that Yeida has announced the introduction of a one-time settlement policy (OTS) for defaulters in land allotment schemes, including industrial, housing and mixed-use schemes. The authority will launch the scheme for one month starting October 1, 2023.
Allottees can visit the authority’s website at www.yamunaexpresswayauthority.com and apply online. If the payable amount is up to Rs 50 lakh, it must be paid in four months (one-third within one month and the remaining two-thirds within three months).
For an amount exceeding Rs 50 lakh, the entire amount must be settled within seven months (one-third within one month and the remaining two-thirds within six months).
For OTS after calculation, if the amount payable is more than Rs 50 lakh, then the entire amount will have to be deposited in seven months (one-third within a month and the remaining amount within another six months), the authority said.
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