Yeida likely to approve key proposals in board meeting

GREATER NOIDA: The Yamuna Expressway Industrial Development Authority is likely to approve various important proposals in its board meeting to be held on Monday. According to the rules, the authority puts forth multiple agendas or proposals from all its departments including land, finance, horticulture, civil, electrical and infrastructure among others before the board consisting of top officials including chairman, district magistrate, chief executive officer, additional CEOs and others. The authority may approve the multiple proposals related to a new scheme under which it can allow the property buyers to pay additional 64.7% compensation component in four instalments against their respective property, adopt state government’s new policy on industrial plot allotments, extend validity of map for one year more, development of 16 roads in Yamuna’s urban areas, annual budget and village development among others. Apartment and plot owners are hopeful that Yeida will decide to allow them paying the hiked land compensation of 64.7% in four parts rather than in a lumpsum manner, said officials, adding that such a decision may influence around 10,000 apartment buyers and 5,000 plot owners. “The issue is that those flat or plot owners, who bought the property in Yamuna expressway area are not told to pay additional 64.7% hiked land compensation component against their respective property because Yeida is paying this money to farmers.