Summary
YEIDA Plots in Investment offers an elated prospect but has worries regarding possession delays, legal formalities, financial commitments, market speculation, and the necessity of a long-term investment. Rather careful evaluation and professional guidance would be required to mitigate the risks and make informed investment decisions.
Introduction
Investing in Yamuna Authority Plots has gained importance due to the many promises of development at the withering Yamuna Expressway. The YEIDA Plot Scheme includes various types of opportunities like residential, commercial, institutional, and industrial plots. However, this opportunity also comes with many worries and concerns that potential investors have to keep in mind before making decisions.
Delay in Possession and Development
One of the major issues associated with the higher allotment is that it delays the date of possession and development. The most recent report by the Comptroller and Auditor General (CAG) says that 81% of all allottees had not secured possession of their plots as per the scheduled dates. Later, these delays add up to a maximum of 12 years waiting period.
Execution of Lease Deeds and Legal Formalities
The execution of lease deeds is yet another issue. These delays in these formal legalities would not allow an investor to carry out construction activity or effectively make use of the plots. The Yamuna Expressway Industrial Development Authority (YEIDA) has served notices to the allottees, who have not executed the registry of their properties, advising them on such compliance being made timely so that cancellation does not ensue.
Financial Commitments and Payment Schedules
The heavy financial burdens of the YEIDA Plots Scheme are sometimes overwhelming for the investors. Allottees are usually required to pay a good amount toward the plot cost within a specific time; failing to make this payment within the time specified may get the allotment canceled for many investors.
Market Speculation and Property Dealer Influence
Concerns have arisen due to market speculation and the influence of property dealers. Sometimes rumors have even been spread ahead of plot schemes to instill panic among plot owners and to persuade owners into hurried sales with reduced premiums.
Long-Term Investment Horizon
The development trajectory of the Yamuna Expressway region suggests that investors would need to think long-term. Investor talk suggests that area development and occupancy may take several years, possibly decades.
Conclusion
The advantages of YEIDA Plots include strategic location and planned infrastructure; however, it is equally important for the investor to undertake due diligence. Understanding the risks regarding delays, legal formalities, financial commitments, and market-oriented dynamics is very important. The guidance of experienced real estate advisors will be of great help in countering these issues effectively; ERM Global Investors is one such opportunity.
Address :- B-101, 1st Floor, Urbtech Trade Centre, Sector -132, GB Nagar, Noida Expressway, UP-201304
Email :- [email protected]
Phone no :- +91 9711199915
Website :- https://www.ermglobalinvestors.com/
