Brochure Housing Plot
Brochure Housing Plot
SCHEME FOR
Start Date & Time for Registration 09.05 .2025 at 5.00 PM ONWORDS
Note: Names of Financially and Technically Qualified Bidders will be displayed on the website
ofthe Authority and only they will be allowed for E-Auction.
TABLE OF CONTENTS CONTENTS
Data sheet 4-7
1 Section I: Instructions to the Applicants
1.1 Definitions: 8-9
1.2 Eligibility Criteria 9-13
1.3 Financial & Technical Eligibility 13-14
1.4 How to Apply 15-16
1.5 Language and currency 16
1.6 Applicant’s responsibility 16-17
1.7 Documents required with Application 17-19
1.8 Extension of time limit for deposit of Allotment money 19
1.9 Allotment Process 19-20
1.10 Payment Schedule 20-21
1.11 Unsuccessful applicants 21
2 Section II: Instructions to the Applicants
2.1 Implementation & Extension: 21-25
2.2 Development Norms: 25
2.3 Permissible Norms 25-26
3 Section III: General terms and conditions
3.1 ESCROW Account 26
3.2 Execution of Lease Deed 26-27
3.3 Lease Rent 27-28
3.4 Location charges 28
3.5 Possession of the plot 28
3.6 Variation in actual area of allotted plot 29
3.7 As is where basis/ Lease period 29
3.8 Surrender 30
3.9 Change in Constitution (CIC) 30-31
3.10 Change in Shareholding (CIS) 31
3.11 Sub-lease of Built-up spaces/units/flats 31-32
3.12 Transfer of Built-up spaces/units/flats 32-33
3.13 Role of YEIDA as per IBC 2016 33
3.14 Maintenance 34
3.15 Permission to Mortgage 35
3.16 Issue of Mutation Letter 35
3.17 Misuse, Additions, Alterations, etc. 35-36
CONTENTS
TABLE OF CONTENTS 3.18 Indemnity
3.19 Liability to Pay Taxes
36
36
3.20 Overriding Power over Dormant Properties 37
3.21 Consequences of mis-representation 37
3.22 Cancellation of Lease Deed 37-38
3.23 Restoration 38-39
3.24 Duty of Lessee to act, provide information etc. 39-40
3.25 Amalgamation/Sub-division 40
3.26 Other Clauses 40-42
4 Section IV: Technical forms
4.1 Form No. 1: Application Form 43-45
4.2 Form No. 2: Financial Statement of Turnover 46
4.3 Form No. 3: Financial Statement of Net Worth 47
4.4 Form No. 4: Solvency Certificate 48
4.5 Form No. 5: Format for Affidavit 49
4.6 Form No. 6: Format for Affidavit (Non-Defaulter Declaration) 50
4.7 Form No. 7: Format for Indemnity Bond 51
5 Annexures
5.1 Facilities to be provided as part of Group Housing Projects:…………….. 52
Data Sheet
6
8. Earnest Money Deposit/ S. Plot No Sector Plot Area Processing fees
Registration Money No (in Sqm) (In Cr.)
1 GH-03 18 16188.00 8.924
2 GH-03A 18 16188.00 8.924
3 GH-03B 18 16188.00 8.924
4 GH-03C 18 16188.00 8.924
5 GH-03D 18 16188.00 8.924
6 GH-03E 18 16188.00 9.349
7 GH-7A 17 12141.00 6.693
8 GH-7B 17 11513.72 6.045
9 GH-7C 17 11513.72 6.347
10 GH-8B 17 20235.00 11.155
11 GH-8C 17 24282.00 12.748
12 GH-13 22D 47754.60 26.325
13 GH-01C/2 22D 20235.00 10.623
14 GH-16 22D 89034.00 49.080
15 GH-01B/1 22D 20235.00 10.623
16 GH-15 22D 101175 58.429
17 GH-17 22D 135574.5 81.853
Earnest Money as mentioned shall be deposited through online
portal of YEIDA or via downloading challan from YEIDA Portal.
Note-The allotment shall be made at the rate applicable on the
date of allotment or auction rate whichever is higher. Rates may
amend as per policy of YEIDA.
9. Allotment Money Allottee shall have to deposit 40%oftotalPremium/
CostoftheGroup Housing Plot after adjusting theearnest money
deposited earlier at the time of submission of application/bid
within60days ofissuanceofAllotmentLetter.
The time extension to deposit allotment money for 60 days
shall be allowed in exceptional conditions by the Chief Executive
officer with penal interest @10.0%+3.0%=13.0% per annum
(as per prevailing rate of interest) for the defaulted amount for
defaulted period.
In case the due Allotment Money, as mentioned above, is not
deposited withinthe stipulated period, the allotment ofGroup
Housing Plot shall be deemed cancelled, andmoneydeposited
asEarnestMoney shallbe forfeited.
Note-The allotment shall be made at the rate applicable on the
date of allotment or auction rate whichever is higher. Rates may
amend as per policy of YEIDA.
7
10. Payment Schedule 1. Allottee shall have todeposit10% as Earnest Money Deposit.
2. Allottee shall have to deposit 40%oftotalPremium/
CostoftheGroup Housing Plot after adjusting theearnest
money deposited earlier at the time of submission of
application/bid within60days ofissuanceofAllotmentLetter.
The time extension to deposit allotment money for 60
days shall be allowed in exceptional conditions by the Chief
Executive officer with penal interest @10.0%+3.0%=13.0%
per annum (as per prevailing rate of interest) for the defaulted
amount for defaulted period.
In case the due Allotment Money, as mentioned above, is not
deposited withinthe stipulated period, the allotment ofGroup
Housing Plot shall be deemed cancelled, andmoneydeposited
asEarnestMoney shallbe forfeited.
3. Balance60% of total premium amount shall have to be paid in
2 years in 04 half yearly installments with interest at the rate
of 10.0%per annum. The first such installment will come due
after six months of date of issue of allotment letter. It is made
clear that in case of default in payment as per schedule, an
additional penal interest @ 3% compounded half yearly shall
be payable along with 10.0%+3.0%=13.0% per annum on the
defaulted amount for the defaulted period with applicable
GST. It shall be the responsibility of the Allottee to deposit
the due installment on due date. If the last date of deposit is
a bank holiday, then the allottee shall deposit the installment
on the next working day and it shall be treated as last date
of deposit.
Note:- Interest @ 10.0% per annum is applicable from 1st
Jan 2024subject to the revision on 1st January and 1st July
of each year as per G.O. No. 1567/77-4-20-36N/20 dated 09
June 2020.
11. Mortgage permission fee As per the prevailing policy of the Authority, if at all, at the time
of submission of Permission to Mortgage request letter by the
Allottee and after payment of the prescribed Fees/Charges.
No Permission to mortgage shall be issued in case of there are
outstanding payable to the Lessor/ YEIDA the date permission is
granted.
12. Transfer & Sub-lease of built-up Transfer & Sub-lease of built-up spaces/units/flats shall be as per
spaces the prevailing policy of the Authority at the time of submission
of transfer/sub-lease request letter by the Allottee after the
following:
i payment of prescribed fees/charges,
ii clearance of all up to date dues, and
iii Overdue installment towards premium of land.
13. Period of lease The allotment of plot will be made on leasehold basis for a period
of 90 years from the date of execution of Lease Deed.
14. Preferential Location Charges As per Clause No. 3.4 & Clause No. 1.1.1
(PLC)
15. Permissible development activity Only Residential and Support activities as per the Master Plan
and building byelaws of YEIDA are permitted on these plots.
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16. Norms of development 1. FAR: As per Building Byelaws
2. Norms related to permissible Ground Coverage, setbacks
and permissible height shall be as per Building Bylaws of the
YEIDA at the last date of Bid Submission.
3. Other norms for development/construction shall be as per
the applicable Building Regulations of YEIDA at the last date
of Bid Submission.
4. In case of discrepancy between Building Byelaws/Regulations
and development norms as mentioned in this Scheme
document, then Building Byelaws/Regulations at the last date
of Bid Submission of YEIDA shall prevail.
As per Building Byelaws for YEIDA
17. Reserve Price for plots As per table 1.1.1
18. Rate of annual Lease Rent 1% of the total premium of the plot shall be increased
automatically by 50% every ten years.
Please refer clause no. 3.3 for additional details
19. Construction Period As per clause No. 2.1
The Lessee shall be required to complete the construction on
allotted plot as per approved layout plan and get the occupancy
certificate issued from Building Cell Department of the YEIDA in
maximum 2 phases within a period of 7 years from the date of
execution of lease deed.
Time limit for obtaining Completion Certificatefor First Phase of
the project (from the date of execution of Lease Deed): 3 Years
(means construction of minimum permissible FAR as per minimum
FAR for applying completion as defined in Building Byelaws on
last date of Proposal Submission).The land development, internal
development and facility have to be completed by the Lessee
within 03 years from the date of possession to the satisfaction of
the Lessor.
In case the lessee does not complete the 1st phase of the project
within the specified period of 03 years, extension charges on the
pro-rata land shall be applicable as per the prevailing policy, at
the time of grant of such extension.
Time limit for obtaining Completion Certificate for Final Phase of
the project (from the date of execution of Lease Deed): 7 Years
In case the lessee does not construct building within the time
provided including extension granted, if any, for above, the
allotment/lease deed, as the case may be, shall be liable to be
cancelled. Lessee shall lose all rights to the allotted land building
appurtenant thereto.
# Area of Plot Minimum Time limit Time limit
(in sq. m) %age of to- for obtain- for obtaining
tal Permis- ing Comple- Completion
sible FAR tion Certifi- Certificate
along with cate of first for full
internal phase (from project (from
develop- the date of the date of
ment and execution execution
facilitiesfor and registra- and registra-
first phase tion of Lease tion of Lease
Deed) Deed)
1. 20,001-136000 30% 3 Years 7 Years
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20. Amalgamation or Sub- division No amalgamation or sub-division shall be allowed on the
allotted plots. The Allottee shall be solely responsible for the
development/construction of all proposed activities as approved
by the Authority.
21. Consortium Allowed but will remain unchanged till Completion of full project.
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1 Section I: Instructions to the Applicants
1.1 Definitions:
1. “Authority” means the Yamuna Expressway Industrial Development Authority (YEIDA)
2. “Authorised Bank” implies the bank that has been identified by the Authority
3. “Allotment letter” is the letter issued by the Authority to the Allottee confirming the allotment
under a particular scheme for which application was submitted
4. “Allotment Money” is the amount as prescribed in the scheme e-brochure and is expected to be
deposited by the Allottee within the given time period
5. “Allottee” is the person whose bid for allotment has been approved by the competent officer
6. “Scrutiny/Allotment Committee” is a committee constituted at the Authority for scrutiny of the
applications received for allotment under the advertised scheme.
7. “Applicant/Bidder” is the person/entity/consortium who has submitted bid in response to this
scheme.
8. “Building Byelaws/Regulations” as notified by the Authority for development of land and construction
of buildings
9. “Consortium” refers to the group of entities (not exceeding 4) jointly submitting the tender/
proposal as a Tenderer. Each of the members of the Consortium shall individually be referred to as
“Consortium Member”.
10. “Day” means calendar day
11. “Functional Certificate” refers to the certificate issued by the concerned department in Authority to
declare the unit as functional/operational
12. “Government” means the Government of Uttar Pradesh
13. “Net Worth” frm Financial Statement, where Net worth shall be calculated as below:
a. In case of a Company: Net Worth is the Paid-up share capital (excluding share application money)
plus Reserves and surpluses (excluding revaluation reserve) less Preliminary and pre-operative
expenditure; less Miscellaneous expenditure to the extent not written off; less accumulated
losses; less intangible assets. (Figures are to be taken from the last audited balance sheet of the
Company)
b. In case of a Partnership firm/ LLP Firm: Contribution by each partner taken together in the
capital of the firm shall be considered as Net Worth of the firm excluding intangible assets, if
any.
c. In case of an Individual: Net Worth statement (relating to application made by proprietorship
firm) certified by the applicant’s statutory auditors/ Chartered Accountant along with certified
true copies of income tax / wealth tax returns with all its enclosures as submitted to Income Tax
Authority, should be submitted.
14. “Lease Rent” is the amount paid by the Lessee to the Lessor as rental against the property allocated
to the Lessee
15. “Lease Deed” is a contractual agreement by which Lessor conveys a property to Lessee, for a limited
period, subject to various conditions, in exchange for Lease Rent, but still retains ownership.
16. “Lessee” is the person/entity who holds the lease of a property or tenant
17. “Lessor” refers to a person/entity who leases or rents a property to another; the owner which in this
case is YEIDA.
18. “Transfer Deed” is a contractual agreement by which a property (herein land) is transferred from its
legal lessee to another party.
19. “Occupancy Certificate” refers to the certificate issued by the Authority on completion of the
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building construction as per provisions of Building Regulations
20. “Sub-Lessee” is the person/entity who holds a lease of a property which was given to another
person/entity for all or part of a property.
21. “Mutation Letter” is the letter issued by competent Authority for change of name on a property
22. “Reserve Price” is the minimum price as determined by the Authority for this scheme/property and
would act as the base price at which the bidding starts.
23. “Total Premium of the plot” is the total amount payable to the Authority calculated as the quoted
bid price per sqm multiplied by the total area of the plot. (GST and Taxes if any is over and above
this premium and are not included in the definition of Total Premium).
24. “Authorized Signatory” Officer or representative vested (explicitly, implicitly, or through conduct)
with the powers to commit the authorizing organization to a binding agreement.
25. “P.T.M.” Permission to Mortgage.
26. First Phase of Project” means construction of minimum permissible FAR as per minimum FAR for
applying completion as defined in Building Bylaws on last date of Proposal/Bid Submission.
27. Plots available for Allotment:
S. Plot Sector Plot Size Rate Appli- Re- Total Regis- Incre-
No. No. in Sqm per cable served Amount tration mental
Sqm % of rate of along Amount Value
(In Rs.) PLC biding with PLC / EMD (in for Bid
includ- (in Cr) Cr) (Rs.
ing In Cr)
PLC, Take as
per 1%
sqm (in
Rs.)
1 GH-03 18 16188 52500 5 55125 89.2364 8.9236 0.8924
2 GH- 18 16188 52500 5 55125 89.2364 8.9236 0.8924
03A
3 GH- 18 16188 52500 5 55125 89.2364 8.9236 0.8924
03B
4 GH- 18 16188 52500 5 55125 89.2364 8.9236 0.8924
03C
5 GH- 18 16188 52500 5 55125 89.2364 8.9236 0.8924
03D
6 GH- 18 16188 52500 10 57750 93.4857 9.3486 0.9349
03E
7 GH-7A 17 12141 52500 5 55125 66.9273 6.6927 0.6693
8 GH-7B 17 11513.72 52500 0 52500 60.4470 6.0447 0.6045
9 GH-7C 17 11513.72 52500 5 55125 63.4694 6.3469 0.6347
10 GH-8B 17 20235 52500 5 55125 111.5454 11.1545 1.1155
11 GH-8C 17 24282 52500 0 52500 127.4805 12.7481 1.2748
12 GH-13 22D 47754.6 52500 5 55125 263.2472 26.3247 2.6325
13 GH- 22D 20235 52500 0 52500 106.2338 10.6234 1.0623
01C/2
14 GH-16 22D 89034 52500 5 55125 490.7999 49.0800 4.9080
15 GH- 22D 20235 52500 0 52500 106.2338 10.6234 1.0623
01B/1
16 GH-15 22D 101175 52500 10 57750 584.2856 58.4286 5.8429
17 GH-17 22D 135574.5 52500 15 60375 818.5310 81.8531 8.1853
12
Note- In Plot No GH-15, GH-17 the khasra No 48, 85 and 122 have been acquired by YEIDA. In khasra
48, 85,122 a writ petition No-7205/2012 & 70944/2011 has been filled before Hon’ble High Court and the
Hon’ble High Court has given stay order dated 08.02.2012 & 12.12.2011. If stay remains at the time of Lease
deed execution on above khasra then the Lease plan will be prepared for above plot without stayed area.
Note-The allotment shall be made at the rate applicable on the date of allotment or auction rate whichever
is higher. Rates may amend as per policy of YEIDA.
# The GST Liability as per applicable rates at the time of payment shall be borne by the allottee itself
under Reverse Charge Mechanism vide Notification N.13/2017 S.So.5, 5A dated 28.06.2017. The amount
mentioned above does not include GST. GST on services provided to business entities would be deposited
by the recipient of services under reverse charge mechanism. If the allottee does not has the GSTN number,
then he will have to deposit the GST through YEIDA portal online or by downloading challan and inform the
Authority same day or next day positively.
1.2 Eligibility Criteria
1.2.1 Any Proprietor or Partnership Firm, Limited Liability Partnership Firm (LLP), Private or Public
Limited Company can submit Bid(s) for one or more than one plot. The firms and the companies
should be registered in India.
1.2.2 Bidder(s)/Applicant(s)/Consortium Partner(s) or their Directors or Promoters which are defaulters
or as part of the defaulters’ lists as per record of YEIDA/GNIDA/NOIDA on the last date of
Bid / Proposal Submission are not eligible to participate and their Bids shall be automatically
disqualified.
1.2.3 The Bidder should be competent to contract.
1.2.4 A separate application form shall be required to be submitted for each plot.
1.2.5 The Bidder may form a consortium as per the following conditions:
1. Members of Consortium will have to specify one Lead Member who alone shall be authorized
to correspond with YEIDA. Lead Member should be the single largest shareholder having equity
stake of at least 30%.
2. Each Member of the consortium will have equity stake of at least 10%.
3. The group of entities jointly submitting the Bid as a Consortium shall not exceed 4 (four).
4. The Lead Member and the Consortium Members should jointly qualify the minimum financial
requirement of net worth, solvency and turnover in proportion to their percentage shareholding
in the consortium created and shall be calculated as illustrated in the following:
a. In case of a consortium with the following shareholding:
• Lead Member = 51% Share
• Consortium Member = 20% Share
• ConsortiumMember = 15% Share
• ConsortiumMember = 14% Share
b. In this case, the Net Worth/ Solvency/ Turnover for the consortium shall be sum of Eligible Net
Worth/ Solvency/Turnover in proportion to their percentage shareholding in the consortium.
The Eligible Net Worth/ Solvency/ Turnover for the individual Consortium Members shall be
calculated as follows:
• Eligible Net Worth/Solvency/Turnover for a Consortium Member = Shareholding Percentage
x Net worth of Consortium Member
In case of a consortium, the financial eligibility shall be calculated on the basis of the below
mentioned table:
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Lead member 51% 51% x Lead 51% x Lead 51% x Lead
member net member sol- member turn-
worth vency over
Consortium 20% 20% x member 20% x member 20% x member
member net worth solvency turnover
Consortium 15% 15% x member 15% x member 15% x member
member net worth solvency turnover
Consortium 14% 14% x member 14% x member 14% x member
member net worth solvency turnover
TOTAL 100% Total eligible net Total eligible Total eligible
worth solvency turnover
The Consortium shall have total eligible net worth, total eligible solvency and total eligible
turnover in accordance with the financial eligibility criteria mentioned in the scheme document
5. In case of a Consortium, the members shall submit an irrevocable Memorandum of Agreement
(MOA) conveying their intent to jointly apply for the scheme(s), and in case the plot is allotted to
them, the MOA shall clearly define the role and responsibility of each member in the consortium,
particularly with regard to arranging debt and equity for the project and its implementation
duly registered/notarized with appropriate authority.
6. Special Purpose Company (SPC)
a. In case a plot is allotted to a Consortium, they have to form a Special Purpose Company (SPC)
that will subsequently carryout all its responsivities as the Allottee. The SPC Firm/Company
registered in India with the appropriate Statuary Authority. The shareholding and Lead Member
of the SPC shall be same as the MOA signed between all Consortium Members. Lease deed shall
be made in favor of the Special Purpose Company (SPC).
b. All SPC Members/Shareholders shall be jointly and severely responsible for the successful
implementation of the Project including payment of dues, procurement of completion certificate,
occupancy certificate and any other activity/ compliance related to completion of the project.
All SPC Members/Shareholder shall submit an affidavit, before execution of lease deed to this
effect.
c. All Members/Shareholders of the SPC shall have to maintain 100% shareholding/ownership and
their shareholding/ownership percentage shall remain same till Completion Certificate for the
entire project has been obtained from YEIDA/Lessor.
1.3 Financial & Technical Eligibility:
1.3.1 The applicants must qualify the following financial eligibility criteria:
14
3. Minimum Total Cumulative Turnover INR 100 Crores INR 200 Crores
for the last 3 accounting years duly
audited by the Bidder/Applicant’s
statutory auditors / Chartered Ac-
countant i.e. 2021-2022 and 2022-
2023 and 2023-2024 as per the last
published balance sheets.
1.3.2 Note: Bidder(s)/Applicant(s)/Consortium partners or their Directors or Promoters which are part
of the defaulters’ lists as per record of YEIDA/GNIDA/NOIDA on the last date of Bid / Proposal
Submission are not eligible to participate and their Bids shall be automatically disqualified.
1.3.3 Technical Eligibility: The bidder should have obtained completion certificate(s) of at least 15% of
the total FAR of the plot that is being applied for.
1.3.4 For Example: In case the application is for a plot of 60,000 sqm. and the FAR is 3.0, then the 15% of
permissible FAR shall work out to be 60,000 x 3 x 15% = 27,000 Sqm. in a similar project. “Similar
project” shall entail any group housing project wherein completion certificate has been received.
(It is mandatory to upload completion Certificate as per clause 1.3.3).
1.4 How to Apply-
1.4.1 The scheme brochure can be downloaded from the Authorities website “www.
yamunaexpresswayauthority.com”. The application shall be submitted online through E-Auction.
Processing Fee and Registration Money/EMD as given in Data Sheet shall be deposited online
payment gateway portal of YEIDA or through RTGS/NEFT/Net banking. Interested parties will
need to register and obtain user ID and password on the portal and thereafter deposit non-
refundable and non-adjustable Processing Fees as mentioned in the Data Sheet with 18% GST
separately against each property for participation in the e-Auction through online payment on or
before date as mentioned on the portal. YEIDA will not be responsible for any payment after that
and bid will not be considered.
1.4.2 It will be the sole responsibility of the bidder/participant to obtain a compatible computer terminal
with internet connection to enable him/her to participate in e-bidding process any reasons
thereof. Ensuring internet connectivity at the bidder’s end shall be the sole responsibility of the
Bidder/Applicant. Any request/complaint regarding the connectivity of internet at the Bidder’s/
Applicant’s end will not be entertained in any form and shall not be basis of cancellation of the
bidding process.
1.4.3 Interested parties will need to register and obtain user ID and password on the portal
https://gerpegov.com/yeida as per applicable rules.
1.4.4 Bidding will not be permissible below the reserve price/allotment rate of the plot. More than two
qualified bids above the reserve price are mandatory to allot any group housing/ builder plot.
1.4.5 The Bid submitted shall be with an incremental value of 1(one) percent of the Reserve Price of the
plot rounded to closest figure in thousands.
1.4.6 If the bidding continues till the last 5 minutes of the scheduled/extended closing time of auction,
in such case, the bidding time shall be automatically extended for further 5 minutes from the
last Bid. There will be unlimited such auto extensions. The unlimited extension extension of the
e-auction will be for 6 P.M. in same day. After 6 P.M. the auction will start from next day.
1.4.7 Post registration, Bidder/Applicant shall proceed for login by using his ID and password. Bidder
shall proceed to select the plot he is interested in. the e-bidder would have following options to
make payment towards processing fees and EMD through valid:
1. Net Banking: For document download fee, processing fee and EMD
2. NEFT: For document download fee, processing fee and EMD or by downloading challan from
the portal.
3. RTGS: For EMD or by downloading challan from the portal.
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1.4.8 Customer Care for technical support on registration, deposit of fees, e-auction etc. Phone:
080-45811365 Ph: 080-45982100 and Email Id: “mail@etenderwizard.com”. User Manual for
registration process, e-Brochure Fees/processing fees/ EMD submission & e-Auction/e-bidding
process is uploaded on https://gerpegov.com/yeida
1.4.9 Incomplete bid documents will not be considered.
1.4.10 The Bidder/Applicant cannot withdraw the offer/ bid once made.
1.4.11 Bidder is required to deposit separate Processing Fee & EMD for each advertised property.
1.4.12 For further inquiries contact: Office of the Manager Builder Department, First Floor, Commercial
Complex, Sector-Omega-1, Greater YEIDA, Uttar Pradesh 201315 between 10.00 AM to 02.00
PM.
1.4.13 The YEIDA may, without assigning any reason, add one or more plots in the scheme and/or
withdraw any one or all the plots from the scheme at any stage.
1.4.14 The YEIDA may accept or reject any offer, including the highest bid or cancel the scheme, and its
decision in this behalf shall be final and binding on the Bidders/Applicants.
1.4.15 There will be no correspondence on issues/grounds raised in Disqualified Bids.
1.4.16 Extension of last date of Application.
(i) E-Action shall be carried out against the Group Housing plots where 3 or more eligible
bids are received.
(ii) In case less than 3 bids are received against Group Housing plot in the first instance, then
the last date of submission of applicant against that particular plot shall be extended
by 7 days.
(iii) The time for submission of bids shall be extended second time further for a period of 7
days if the number of bidders against that particular Group Housing plot is less than 3.
(iv) E-Auction shall be carried out if 3 or more eligible bids are received against that
particular Group Housing plot after the second roll-over of 7 days.
(v) In any case Single bid shall not be considered for allotment. In the e-auction process,
in case there are less than three eligible bidders against a plot, then e-auction shall not
be conducted and processing fee & EMD of all participants shall be returned.
1.5 Language and currency
1.5.1 The document and all related correspondence for this scheme shall be in English language. The
currency for the purpose of this scheme shall be Indian National Rupee (INR).
1.6 Applicant’s responsibility
1.6.1 It is deemed that before submitting the application, the Applicant has made complete and
careful examination of the following:
1.6.2 The eligibility criteria and other information/requirements, as set forth in the Brochure
1.6.3 All other matters that may affect the Applicant’s performance under the terms of this scheme
including all risks, costs, liabilities and contingencies.
1.6.4 YEIDA shall not be liable for any mistake or error or neglect by the Applicant.
1.6.5 The plot(s) are being allotted on ‘As it is where it is basis’. It is the responsibility of Applicant do
all due diligence about the location and situation of plot including personal visit to the plot(s).
YEIDA will not be responsible in any manner on this account.
1.7 Documents required with Application
1.7.1 Following documents duly signed by the applicant and certified by Chartered Accountant, should
be enclosed with the application form for registration:
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A. In case of Company (Private & Public):
i. Certified true copy of Certificate of Incorporation/Certificate of Commencement of Business.
ii. Application form as per Annexure No. 4.1.
iii. Certified true copy of Memorandum & Articles of Association
iv. List of Directors certified by a Chartered Accountant
v. List of Shareholders certified by the statutory auditors/Chartered Accountant. In case
the numbers are large, list should contain details of major shareholding i.e. of promoters,
institutions, and corporates.
vi. Board resolution authorizing the applicant (Authorized Signatory – company secretary or M.D.
of the company) to sign on behalf of the company for making this application.
vii.Net Worth Statement certified by the statutory auditors/Chartered Account of the Company
as per Form 4.3
viii. Audited Annual Financial reports for the last three (3) year certified by the CA as per the last
published balance sheets in accordance with Annexure No. 4.2.
ix. Solvency Certificate not more than 6 months old from a nationalized/ scheduled bank in
accordance with Annexure No. 4.4.
x. Affidavit stating that the Bidder(s)/Applicant(s)/Consortium Partner(s) are not part of defaulters’
lists as per record of YEIDA/GNIDA/NOIDA on the last date of Bid / Proposal Submission in
accordance with Annexure No. 4.6
B. In case of Partnership/ Limited Liability Partnership (LLP) Firm:
i. Attested copy of the Partnership Deed in case of Partnership firm.
ii. Attested Copy of the certificate issued by Registrar of Firm.
iii. Application form as per Annexure No. 4.1.
iv. Board resolution authorizing the applicant to sign on behalf of the Partnership/ Limited
Liability Partnership (LLP) for making this application.
v. Net Worth Statement certified by the statutory auditors/Chartered Account of the Partnership
firm as per Form 4.3
vi. Audited Annual Financial reports for the last three (3) year certified by the CA as per the last
published balance sheets in accordance with Annexure No. 4.2.
vii.Solvency Certificate not more than 6 months old from a nationalized/ scheduled bank in
accordance with Annexure No. 4.4.
viii. Affidavit stating that the Bidder(s)/Applicant(s)/Consortium Partner(s) are not part of
defaulters’ lists as per record of YEIDA/GNIDA/NOIDA on the last date of Bid / Proposal
Submission in accordance with Annexure No. 4.6
C. In case of Proprietorship:
i. Application form as per Annexure No. 4.1
ii. Net Worth Statement certified by the statutory auditors/ Chartered Account of the
Proprietorship concern as per Form 4.3
iii. Audited Annual Financial reports for the last three (3) year certified by the CA as per the last
published balance sheets in accordance with Annexure No. 4.2.
iv. Solvency Certificate not more than 6 months old from a nationalized/ scheduled bank in
accordance with Annexure No. 4.4.
v. Affidavit stating that the Bidder(s)/Applicant(s)/Consortium Partner(s) are not part of defaulters’
lists as per record of YEIDA/GNIDA/NOIDA on the last date of Bid / Proposal Submission in
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accordance with Annexure No. 4.6
D. In case of Consortium:
i. Application form as per Annexure No. 4.1
ii. MoU/agreement or any other document showing shareholding pattern of all members of the
Consortium and their roles & responsibilities with respect to the project
iii. Net Worth Statement certified by the statutory auditors/ Chartered Account of the
Proprietorship/company/partnership concern as per Form 4.3 for all members of consortium
iv. Audited Annual Financial reports for the last three (3) year certified by the CA as per the last
published balance sheets in accordance with Annexure No. 4.2. for all members of consortium
v. Solvency Certificate not more than 6 months old from a nationalized/ scheduled bank in
accordance with Annexure No. 4.4. for all members of consortium
vi. Affidavit stating that the Bidder(s)/Applicant(s)/Consortium Partner(s) are not part of defaulters’
lists as per record of YEIDA/NOIDA/GNIDA on the last date of Bid / Proposal Submission in
accordance with Annexure No. 4.6
1.8 Extension of time limit for deposit of Allotment money
1.8.1 No extension regarding time period will be allowed for the deposit of Allotment Money. In case
of default in payment, the Allotment Letter will be mandatorily cancelled, and the Registration
Money/Earnest Money will be forfeited by the Authority.
The time extension to deposit allotment money for 60 days shall be allowed in exceptional
conditions by the Chief Executive officer with penal interest @10.0%+3.0%=13.0% per annum
(as per prevailing rate of interest) for the defaulted amount for defaulted period.
In case the due Allotment Money, as mentioned above, is not deposited withinthe stipulated
period, the allotment ofGroup Housing Plot shall be deemed cancelled, andmoneydeposited
asEarnestMoney shallbe forfeited.
Note: - Interest @ 10.0% per annum is applicable from 1st Jan 2024 subject to the revision on
1st January and 1st July of each year as per G.O. No. 1567/77-4-20-36N/20 dated 09 June 2020.
1.9 Allotment Process
1.9.1 Screening/Scrutiny of applications: The Technical offers shall be scrutinized by designated
Screening/Scrutiny Committee. If the applications are found to be incomplete/ information is
incorrect, the authority will reject the application. The decision of the Authority in this regard
shall be final. The “Authority” shall have the right to accept or reject any offer without any reason.
1.9.2. Applicant has to deposit Allotment Money as mentioned in Data Sheet.
1.9.3 In case the due Allotment Money as mentioned above is not deposited within the stipulated, the
Allotment Letter will be mandatorily cancelled, and the Registration Money/Earnest Money will
be forfeited by the Authority.
1.9.4 List of available plots for allotment are mentioned in the Annexures. Number of plots may
increase or decrease depending on the availability of land at the time of allotment. CEO reserves
the right to withdraw any plot for the allotment process at any time, without assigning any
reason.
1.10 Payment Schedule
1. Allottee shall have todeposit10% as Earnest Money Deposit.
2. Allottee shall have to deposit 40%oftotalPremium/CostoftheGroup Housing Plot after adjusting
theearnest money deposited earlier at the time of submission of application/bid within60days
ofissuanceofAllotmentLetter.
The time extension to deposit allotment money for 60 days shall be allowed in exceptional
conditions by the Chief Executive officer with penal interest @10.0%+3.0%=13.0% per annum
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(as per prevailing rate of interest) for the defaulted amount for defaulted period.
In case the due Allotment Money, as mentioned above, is not deposited withinthe stipulated
period, the allotment ofGroup Housing Plot shall be deemed cancelled, andmoneydeposited
asEarnestMoney shallbe forfeited.
3. Balance60% of total premium amount shall have to be paid in 2 years in 04 half yearly installments
with interest at the rate of 10.0%per annum. The first such installment will come due after six
months of date of issue of allotment letter. It is made clear that in case of default in payment
as per schedule, an additional penal interest @ 3% compounded half yearly shall be payable
along with 10.0%+3.0%=13.0% per annum on the defaulted amount for the defaulted period with
applicable GST. It shall be the responsibility of the Allottee to deposit the due installment on due
date. If the last date of deposit is a bank holiday, then the allottee shall deposit the installment on
the next working day and it shall be treated as last date of deposit.
Note: - Interest @ 10.0% per annum is applicable from 1st Jan 2024 subject to the revision on 1st
January and 1st July of each year as per G.O. No. 1567/77-4-20-36N/20 dated 09 June 2020.
4. Balance60% of total premium amount shall have to be paid in 02 years in 04 half yearly installments
with interest at the rate of 10.0%per annum. The first such installment will come due after six
months of date of issue of allotment letter. It is made clear that in case of default in payment
as per schedule, an additional penal interest @ 3% compounded half yearly shall be payable
along with 10.0%+3.0%=13.0% per annum on the defaulted amount for the defaulted period with
applicable GST. It shall be the responsibility of the Allottee to deposit the due installment on due
date. If the last date of deposit is a bank holiday, then the allottee shall deposit the installment on
the next working day and it shall be treated as last date of deposit.
Note:- Interest @10.0% per annum is applicable from 1st Jan 2024 subject to the revision on 1st
January and 1st July of each year as per G.O. No. 1567/77-4-20-36N/20 dated 09 June 2020.
1.11 Other conditions:
4. Payments can be made with online through Authority’s website @ www.yamunaexpresswayauthority.
com and download challan through portal.
5. The Allottee shall be liable to pay stamp duty (Stamp duty calculation should also be verified from
the concerned sub registrar, Gautam Budh Nagar) for execution of the Lease Deed in treasury of
district Gautam Budh Nagar.
6. The Allottee / Lessee alone shall be liable for any shortfall or consequence for insufficient stamping
of the Lease Deed.
7. After depositing the dues online through Authority’s website @ www.yamunaexpresswayauthority.
com after downloading challan through portal.
8. The payment made by the Allottee/Lessee will first be adjusted towards the penal interest &
interest due, if any, and there after the balance will be adjusted towards the outstanding Lease
Rent, if any, and then towards premium due.
9. The Allottee/Lessee shall not claim/entitled for any benefit/ relaxation on the ground that the
contiguous land has not been made available/handed over. In such an event, the due date of
payment of instalment shall not be changed in any case and Allottee/Lessee shall have to pay due
instalment along with interest on due date.
10. In case of allotment of additional land, the payment of the premium of the additional land shall
be made in lump sum within 30 days from the date of communication of the said additional land
as per prevailing policy of YEIDA on the rate as applicable on the prevailing rates or bid price post
e-auction, whichever will be higher, of additional land. The rate calculated by YEIDA will be final
and binding on the Allottee.
11. In case of any increase in the rate of land etcacquisition/land purchase cost/ex-gratia/No-litigation
incentive to the farmers by order of the Court, by the Authority or by the State Government or
by way of any settlement, the Allottee/Lessee shall be bound to pay such additional amount
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proportionately as the cost of the land and all the terms and conditions prevalent at the time of
allotment shall be applicable.
Note: As per YEIDA office order No. YEA/Fin./1333/2023 dated 06.01.2023 letter, interest 10%
per annum is applicable from 1stjan, 2024which is subject to revision. Revision on 1st January
and July of each year as per G.O. No. 1567/77-4-20-36N/20 dated 09 June 2020. In case of
revision the revised order shall prevail. In case of any default, 3% additional penal interest shall
also be charged.
1.12 Unsuccessful applicants
1.12.1 The Registration Money/EMD of unsuccessful applicants shall be returned to them without
interest, if the period of deposit of such money with the authority is less than one year. However,
if the period of deposit is more than one-year, simple interest shall be paid at SBI saving bank’s
interest rate for the entire period of deposit.
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2 Section II: Instructions to the Applicants
2. Failure to complete first phase in the first five years may lead to cancellation. Under exceptional
circumstances, CEO, YEIDA at their discretion may allow a time extension beyond the 2nd year
with the following charges on the pro-rata land:
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2 4th Year (Seventh year 6%
after Lease deed)
3. However, under no circumstances shall the time extension for first phase extend beyond seven
years and such cases will face cancellation.
4. The current norms for penalty for construction of balance FAR for reference, the pro rata land
time extension charges are mentioned below:
*The maximum time limit for completion of whole projects is 17 years from the date of lease
deed.
*Time extension charges for the Balance FAR shall be calculated on pro rata land after deducting
the minimum permissible FAR.
YEIDA reserves the right to make any amendments or alteration as it finds expedient in the
norms/orders specified above and all such amendments or alterations shall be binding on the
lessee/allottee.
The prevailing building bye laws for minimum built up area (% of total permissible FAR) is as
follows:
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2.1.9 The Allottee / lessee shall not put any of its Allottee of flat space into possession for any
reasons whatsoever whether for fitment etc prior to issue of Completion Certificate / Occupancy
Certificate AND without clearing all dues.
2.1.10 The Allottee / lessee shall not be entitled to seek change / alteration under approved layout
plans except in line with applicable bye-laws and all applicable statutory provisions like RERA
etc.
2.1.11 Real Estate (Regulation and Development Act) 2016, UP Apartments ACT where applicable, and
the rules made under it will be followed by the developer.
3.2 Development Norms:
3.2.1 Development Norms shall be as per the prevailing Building Regulations/ Byelaws of YEIDA on
the last day of Bid submission. In case of discrepancy between Building Byelaws/Regulations
and development norms as mentioned in this Scheme document, then Building Byelaws/
Regulations as existing on the last date of Bid Submission of YEIDA shall prevail.
3.2.2 Please refer Annexure 5.1: Clause no. 24.11 of Building Byelaws - Standard for facilities for
Group Housing Projects.
3.3 Permissible Norms
3.3.1 All the infrastructural services within the plot area only shall have to be provided by the Allottee.
3.3.2 All clearances/approvals must be obtained by the Allottee from the respective competent
statutory authorities prior to the commencement of the construction work.
3.3.3 Provisions related to the fire safety shall be strictly observed and the necessary approvals shall
be obtained from the respective competent statutory Authority(ies).
3.3.4 Provisions related to the protection of environment shall be strictly observed and the necessary
approvals shall be obtained from the respective competent statutory Authority(ies).
3.3.5 The Area/ Dimensions of the site are subject to any change/modification as per the actual
measurements at the site.
3.3.6 All other provisions, not specified above, shall be in accordance with the Building Regulations
and directions of YEIDA and the amendments made there in from time to time.
3.3.7 Provision for minimum LIG & EWS housing in the project shall be as per the prevailing policy of
YEIDA and Government of Uttar Pradesh.
3. Section III: General terms and conditions
4.1 ESCROW Account
4.1.1 The Allottee may have to open ESCROW Account as per prevailing policy of the Authority.
4.2 Execution of Lease Deed
4.2.1 Lease deed shall be signed only after the deposit of 40% of the total premium discovered after
the e-auction and one year’s lease rent in advance. The premium shall be calculated based on
the area as per lease plan, including variation, if any, on the date of signing of lease deed.
4.2.2 The Allottee will be required to execute the Lease Deed of the plot within 60 days from the
date of issue of check list which shall be issued soon after the acknowledgement of receipt of
Allotment Letter and payment of the dues in accordance with the payment plan opted by the
Allottee.
4.2.3 However, in exceptional circumstances, the extension of time for the execution of the lease
deed and taking over possession may be permitted of time up to a maximum period of 180
days.
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4.2.4 The extension will be subject to the payment of charges @ 5% p.a. with applicable GST of the
total premium of the plot at the e-auction rate, which will be calculated on day-to-day basis.
The date of execution of lease deed shall be considered as the date of taking over of physical
possession and no plea contrary to this shall be entertained.
4.2.5 The cost and expenses of preparation, stamping and registering the legal documents and its
copies and all other incidental expenses will be borne by the allottee, who will also pay the
stamp duty levied on transfer of immovable property, or any other duty or charge that may be
levied by any Authority empowered in this behalf.
Note: Extension of time and applicable penalties/fees/charges shall be calculated from due
date of execution of lease deed.
4.2.6 In case of failure to execute the Lease Deed and taking over of possession within the
above stipulated/extended time period of maximum of 180 days, the allotment shall be
mandatorycancelled and the total deposited amount or 40% of total premium after e-auction,
whichever is less, will be forfeited and the remaining amount after adjustment of all dues of
authority if any, will be refunded without interest. However, the amount deposited towards
lease rent, interest, penal interest, extension charges etc. shall not be refundable at any stage.
4.2.7 Documentation charges: All cost and expenses of preparation, stamping and registering of the
legal documents and its copies and all other incidental expenses will be borne by the Allottee,
who will also pay the stamp duty levied on transfer of Immovable property, or any other duty
or charge that may be levied by any Authority empowered in this behalf.
4.2.8 Period of lease: 90 years from the date of execution of Lease Deed.
4.3 Lease Rent
4.3.1 In addition to the total premium of plot, the lessee shall have to pay yearly Lease Rent in the
manner given below:
4.3.2 The Lease Rent will be 1% of the premium of the plot per year for the first 10 year from the date
of execution of the Lease Deed.
4.3.3 After every ten years from the date of execution of the Lease Deed, the Lease Rent shall be
automatically increased @50% and the rate will be applicable for the next ten years and this
process of enhancement will continue for future. No separate notice shall be given in this
regard.
4.3.4 The Lease Rent shall be payable in advance every year. First such payment shall fall due on
the date of execution of Lease Deed and thereafter, every year, on or before the last date of
previous financial year.
4.3.5 In case of failure to deposit the due Lease Rent by the due date, penal interest of 3% p.a. in
addition to the prevailing interest rate of YEIDA, from time to time (current rate shall be 3% +
10% p.a. as of 1st of Jan 2023 = 13% p.a.) compounded every half yearly for the entire default
period, on the defaulted amount shall be payable. This rate will change as per interest rate
revision by YEIDA.
4.3.6 The Allottee/ Lessee has the option to pay Lease Rent equivalent to 11 years Lease Rent (i.e. 11
years @1% = 11% of the total premium of the plot) as one-time Lease Rent unless the Authority
decided to withdraw this facility. On payment of one-time Lease Rent, no further annual Lease
Rent would be required to be paid for the balance lease period, this option may be exercised at
any time during the lease period, provided the Allottee has no outstanding lease rent arrears.
It is made clear that Lease Rent already paid and / or outstanding will not be eligible for
adjustment in the amount payable towards One Time Lease Rent.
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4.4 Location charges
4.4.1 In case the allotted plot is located on facing the green belts/parks location charges will be 5%
of the premium.
4.4.2 In case the allotted plot is located on corner location charges will be 5% of the premium.
4.4.3 In case the allotted plot is located on 30 mtr or more wide roads (upto 4000 Sq. Mtr.) & 45 Mtr.
Or more wide roads (Above 4000 Sqm.) location charges will be 5% of the premium.
4.4.4 The location charges shall be payable by the allottee/lessee @5% of the total premium of each
preferential location subject to a maximum of 15% of the total land rate. Location charges has
been included in the reserve price
Refer clause no. 1.1.1 for total reserve price for each plot including applicable PLC.
4.5 Possession of the plot
4.5.1 Possession of allotted plot will be handed over to the Allottee/ Lessee after execution and
registration of Lease Deed.
4.5.2 Execution and registration of Lease Deed can be done only after payment of 40% of Total
Premium of the plot and one-year Lease Rent, in advance.
4.5.3 For the purpose of payment of Lease Rent and other statutory/obligations or scheme compliance,
the date of physical possession shall be considered from the date execution of Lease Deed.
4.6 Variation in actual area of allotted plot
4.6.1 The area of the plot allotted or handed over may vary from the size of the plot in Allotment
Letter/ applied for. If area of the plot in the Allotment Letter issued and actual area handed over
to the Allottee / lessee is found to be more or less than the area intimated, a proportionate
change in the amount of the Premium would be made. The Allottee has to accept the allotment,
if the variation in the size of plot is up to 10% of the area applied for. No dispute/ objection by
the lessee would be entertained on the ground of variation in the size of plot. Allottee/ lessee
would have no right for change of plot or refund of money deposited by him on this account.
If the variation between the plot area applied for and the area allotted is more than 10% and
Allottee is unwilling to accept the enhanced or reduced area, the Allottee would have the right
to decline the allotment and the deposits made with YEIDA would be refunded without interest,
provided that the Allottee applies for refund within 30 days from the date of issue of Allotment
Letter or within 30 days from the date of issue of checklist as the case may be.
4.6.2 With regard to the variation in the area of plot allotted, the applicant shall deposit the amount
equivalent to the extended percentage of the total Premium of plot (discovered post e-auction)
or prevailing allotment rate, whichever is higher.
4.6.3 The Allottee/Lessee shall not claim/be entitled for any benefit/ relaxation on the ground that
the contiguous land has not been made available/handed over. In such an event, the due date
of payment of instalment shall not be changed in any case and Allottee/Lessee shall have to pay
due instalment along with interest on due date.
4.6.4 Variation in the cost of land: In case of any increase in the rate of land acquisition/land purchase
cost/ex-gratia/No-litigation incentive etc. to the farmers by order of the Court, by the Authority
or by the State Government, the Allottee/Lessee will have to pay the additional amount
proportionately as the cost of the land and all the terms and conditions prevalent at the time of
allotment shall be applicable.
4.7 As is whereis basis/ Lease period
4.7.1 The plots are offered for allotment on a “as is where is basis” on lease for period of 90 years
starting from the date of execution of the lease deed. The Allottee shall be responsible for
appropriate due diligence by visiting the plot before Bid submission. No claim whatsoever is
25
admissible on account of physical status of the land of the plot offered for allotments.
4.8 Surrender
4.8.1 Surrender may be allowed by the YEIDA as per the prevailing policy of the Authority at the
time of submission of Surrender request letter by the Allottee. The current prevailing policy for
reference of the Applicant is as follows:
4.8.2 In case the successful bidder/ allottee wishes to surrender the allotment before the issuance of
allotment letter or before 60 days after the issuance of allotment letter then the entire EMD will
get forfeited.
4.8.3 During the bid process, it shall be the responsibility of the bidder to ensure that before
submitting the bids on the portal, the bid amounts being entered by him in both figures and
words match and are correct. Any exaggerated bid which has the capacity of thwarting the
bidding process would lead to the forfeiture of 100% of the Earnest Money Deposit.
4.8.4 The date of surrender in the above case shall be the date on which the application for surrender
is received. No subsequent claim on the basis of any postal certificate etc. will be entertained.
The Allottee has to execute surrender deed, if Lease Deed / Transfer Deed has been executed
then all the original legal documents are to be surrendered unconditionally to YEIDA.
4.9 Change in Constitution (CIC)
4.9.1 Change in Constitution (CIC) may be allowed by the CEO or its authorized officer of YEIDA
on completion of required formalities as per the prevailing policy of the YEIDA at the time of
Change in Constitution (CIC).
4.9.2 In case of change in CIC of the Allottee, the Allottee must submit the application to the
Authority within 45 days of implementation of the change. In case the Allottee fails to submit
the application within 45 days, penalties may be imposed as per the prevailing policy.
4.9.3 Members of the Consortium shall have to maintain 100% shareholding/ownership till Completion
Certificate for the entire project has been obtained from YEIDA/ Lessor.
4.10 Change in Shareholding (CIS)
4.10.1 Change in Shareholding (CIS) may be allowed by the CEO or its authorized officer of YEIDA
on completion of required formalities as per the prevailing policy of the YEIDA at the time of
Change in Shareholding (CIS).
4.10.2 In case of change in CIS of the Allottee, the Allottee must submit the application to the
Authority within 45 days of implementation of the change. In case the Allottee fails to submit
the application within 45 days, penalties may be imposed as per the prevailing policy.
4.10.3 Members of the Consortium shall have to maintain 100% shareholding/ownership till Completion
Certificate for the entire project has been obtained from YEIDA/ Lessor.
4.11 Sub-lease of Built-up spaces/units/flats
4.11.1 The allottee/lessee will be permitted to sub-lease only built-up space/units/flats, as per
completion certificate, on the fulfilment of the following conditions:
4.11.2 Sub-lease of only Buit-up space/flat/units will be allowed only after obtaining completion
certificate for respective phase by the Lessee.
4.11.3 The sub-lessee undertakes to put to use the premises for the residential use only/ or use as
defined in the approved sanction plan.
4.11.4 The dues of YEIDA towards the cost of land and one-time lease rent has been paid before
executing of sub-lease deed of built-up premises.
4.11.5 An amount of Rs. 1,000/- shall also be payable against the processing fee.
26
4.11.6 The lease deed as per rules has been duly executed.
4.11.7 The allottee/lessee has obtained occupancy/building completion certificate for the respective
phase from the YEIDA.
4.11.8 The sub-lessees undertake to put to use the premises for the original permissible use only and
the premises being sub-leased shall be as per completion certificate and are not part of any
common area.
4.11.9 The lessee shall also execute a sub-lease deed between lessor, lessee and proposed sub-lessee.
The lessee/sub-lessee shall also ensure adherence to the building regulations and directions of
the YEIDA. All the terms and conditions of the allotment and lease deed shall be applicable and
binding on sub-lessee as well.
4.11.10 All the terms and conditions of the brochure, allotment, permission for grant of transfer, lease
deed etc. shall be applicable on the allottee, lessee and sub-lessees.
4.11.11 The Sub-leased unit can be transferred subject to the approval of YEIDA on payment of Transfer
Charges as applicable.
NOTE: The allottee, lessee, sub-lessees are not eligible for any preferential allotment of any
residential plot or house under various schemes of YEIDA
4.12 Transfer of Built-up spaces/units/flats
4.12.1 The allottee/lessee/sub-lessee will be permitted to transfer only built-up space/units/flats, as
per completion certificate, on the fulfilment of the following conditions:
4.12.2 No transfer can take place except with prior written permission of Lessor/YEIDA.
4.12.3 Transfer can only be done built-up space/units/spaces as per completion certificate and are not
part of any common area.
4.12.4 Transfer of built-up spaces/units/flats shall be as per the prevailing policy of the Authority.
4.12.5 Transfer of Built-up flat/units/spaces will be allowed only after obtaining completion certificate
for respective phase by the Lessee.
4.12.6 The dues of YEIDA towards cost of land shall be paid in accordance with the payment schedule
specified in the Lease Deed before executing of sub-lease deed of the flat.
4.12.7 First sale/transfer of a flat to an allottee shall be through a Sub-lease deed to be executed on
the request of the Lessee to the Authority in writing.
4.12.8 No transfer charges will be payable in case of first sale. However, on subsequent sale, transfer
charges shall be applicable on the prevailing rates as fixed by the Authority.
4.12.9 Processing fee, as applicable, in each case of transfer of flat in addition to transfer charges.
4.13 Role of YEIDA as per IBC 2016
4.13.1 Under the provisions of IBC (Insolvency and Bankruptcy Code) 2016, YEIDA will be treated a
Secure Financial Creditor and this lease deed shall be a Financial / Capital Lease Deed.
4.13.2 Under the circumstances, where the Lessee/Allottee is declared Bankrupt and the liquidation
process through CIRP (Corporate Insolvency Resolution Process) begins, Lessor will be treated
as Secure Financial Creditor and the dues (including penalties) of the Lessee/Allottee shall be
recovered through this procedure, treating Lessor/YEIDA as a Secure Financial Creditor.
4.13.3 All amounts that are payable by the Lessee/Allottee to the Lessor/YEIDA under the Lease Deed,
whether towards the outstanding premium after e-auction shall constitute a financial debt
within the meaning of the IBC, 2016 AND the same shall constitute a charge on the leased
property within the meaning of T.P. Act and / or IBC, 2016.
27
4.13.4 The Lessee/Allottee expressly agrees that till such time all dues payable to the Lessor/YEIDA
under these presents, whether on account of unpaid premium or lease rent or any other account
are duly paid and so acknowledged by the Lessor/YEIDA, the leased premises shall remain a
valuable security in the hands of the Lessor/YEIDA so as to secure due payment under Lease
Deed. The premium and lease rent and all other amounts payable under this lease is deferred
payment with interest and constitute time value of money within the meaning of IBC, 2016. The
Lessee/Allottee agrees that possession of lease land is given, which premium and lease rent
remain pending, therefore, every amount outstanding and or raised by the Lessee/Allottee from
its allottees shall be deemed to be an amount having the same effect as that for commercial
borrowing etc. within the meaning of IBC.
4.13.5 The Lessor/YEIDA shall always have first charge over the leased premise in contrast to every
financial institution or Bank from whom the Lessee/Allottee may borrow funds for completion
of the project on the leased premise or any allottee of the Lessee/Allottee.
4.13.6 The lessee shall be bound to disclose to Allottees/buyers, prior to confirmation of allotment
of any flat space to be constructed or already constructed, about the outstanding towards the
Lessor/YEIDA and that such outstanding constitute a priority compared to the allottees in the
construction or to be constructed flat space.
4.14 Maintenance
4.14.1 The Lessee at his own expense shall take permission for sewerage, electricity and water
connections from the concerned departments of Lessor or from the competent authority in this
regard.
4.14.2 The Allottee/Lessee/Sub-Lessee(s) shall keep the demised premises and buildings; the available
facilities and surroundings etc. in a state of good and substantial repairs, safe neat & clean and
in good and healthy sanitary conditions to the satisfaction of the Lessor and to the convenience
of the inhabitants/occupants of the place. The Lessee shall make such arrangements as are
necessary for maintenance of the buildings and common services developed on the leased plot.
If the buildings and the common services are not maintained properly, the Lessor shall have
the right to get the maintenance done and recover the amount so spent from the Lessee and/
or Sub-Lessee. The Lessee and Sub-Lessee(s) will be personally and severely liable for payment
of the maintenance amount. In case of default of the amount, the dues shall be recovered as
arrears of land revenue.
4.14.3 No objection on the amount spent on maintenance of the buildings and the common services,
will be entertained by the Lessor and the decision of Lessor in this regard shall be final and
binding or the Lessee or its Allottees / Sub-lessee(s).
4.14.4 The Allottee/Lessee/Sub-Lessee(s) shall abide by all the regulations, Bye-laws, directions and
guidelines of YEIDA industrial Development Authority framed/issued under the U.P.
Industrial Area Development Act 1976, RERA Act and UP apartments Act 2010 and Rules made
therein, and any other Act and Rules, from time to time.
4.14.5 In case of non-compliance of these terms of conditions and any other directions of Lessor,
Lessor shall have the right to impose such penalty as it may consider just and/or expedient.
4.15 Permission to Mortgage
4.15.1 Permission to mortgage may be allowed by the Lessor as per its prevailing policy,only after
execution of Lease Deed and for completion of the project,if at all, as on the date of submission
of such permission by the Lessee and after payment of prescribed fees / charges. No Permission
to mortgage shall be issued in case of there are outstanding payable to the Lessor/ YEIDA on
the date permission is granted.
4.15.2 In the event any Permission to mortgage is issued by the lessor, then this Lessor shall always hold
the first charge and will remain Secured Financial Creditor as per definitions of IBC (Insolvency
and Bankruptcy Code), 2016 in contrast of the Bank / Financial Institution or Allottee of flat/
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built-up space.
4.16 Issue of Mutation Letter
4.16.1 Application for approval can be submitted by the Transferee at the concerned department
along with the following documents:
4.16.2 A certified copy of the Transfer Deed duly executed by the Transferor.
4.16.3 Copy of Online downloaded challanfrom YEIDA portal against online payment of transfer
charges with applicable GST.
4.17 Misuse, Additions, Alterations, etc.
4.17.1 The Lessee/Allottee shall not use the plot for any purpose other than that for which it has been
allotted / leased. The Lessee shall not be entitled to divide the plot or amalgamate it with any
other plot. In case of violation of the above conditions, allotment shall be liable to be cancelled
and possession of the premises along with structure thereon, if any shall be resumed by the
Authority without any payment.
4.17.2 The Lessee/Sub-Lessee will not make any alteration or additions to the said building on the
demised premises, erect or permit to erect any new building on the demised premises without
the prior written permission of the Lessor and in case of any deviation from such terms of plan
he/she shall immediately upon receipt of notice from the Lessor requiring him to do so, correct
such deviations as aforesaid.
4.17.3 If the Lessee/Sub-Lessee fails to correct such deviations within a specified period of time after
the receipt of such notice, then it will be lawful for the Lessor to cause such deviation to be
corrected at the expense of the Lessee/Sub-Lessee who shall bound agrees to reimburse by
paying to the Lessor such amounts as may be determined and demanded by YEIDA in this
regard.
4.18 Indemnity
4.18.1 The Allottee / Lessee shall be wholly and solely responsible for the implementation of the
Project and also for ensuring the quality of development/construction, subsequent Operations
and maintenance of facilities and services, till such time that an alternate agency for such work
is identified and legally appointed by the Lessee. The Lessee shall execute an indemnity bond,
indemnifying the Authority and its officers and employees against all disputes arising out of The
non-completion of work.
4.18.2 The quality and validity of development, construction, operations and maintenance.
4.18.3 Any dispute or claim whatsoever arising out of any accident during construction or during
maintenance or working / functioning or inhabitation of the constructed building to any guest
or sub-lessee.
4.18.4 Any dispute or claim arising out of any allegation of infringement of any Intellectual Property
Rights etc. in the designing etc. of the building to be constructed by the lessee.
4.18.5 Any legal dispute arising out of allotment, lease and/or sub-lease to the final purchaser
4.19 Liability to Pay Taxes
4.19.1 The Lessee/ its Allottee will be liable to pay all rates, taxes, charges, user fee and assessment of
every description imposed by the Lessor or any other Statutory Authority empowered in that
behalf, in respect of the plot, whether such charges are imposed or may be imposed in future
on the plot or on the building constructed thereon, from time to time.
4.20 Overriding Power over Dormant Properties
4.20.1 YEIDA reserves the right to all mines, minerals, coals, washing gold, earth oils, quarries in or
under the plot and full right and power at any time to do all acts and things which may be
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necessary or expedient for the purpose of searching for, working and obtaining, removing and
enjoying the same without providing or leaving any vertical support for the surface of the plot(s)
or for the structure time being standing thereon, provided that, the Lessor shall make reasonable
compensation to the Allottee /Lessee for all damages directly occasioned by exercise of the rights
hereby reserved. The decision of the CEO of YEIDA on the amount of such compensation will be
final and binding on the applicant.
4.21 Consequences of mis-representation
4.21.1 If the allotment is found to be obtained by any misrepresentation, concealment, suppression of
any material facts by the Applicant/ Bidder/ Allottee/ Lessee/ Sub-Lessees, the allotment of plot
shall be cancelled and/ or lease shall be determined, as the case may be. In addition, the entire
money deposited by the Bidder/Applicant/ Allottee/ Lessee/ Sub-Lessees shall be forfeited and
legal action for such misrepresentation, concealment, suppression of material facts shall also be
taken.
4.22 Cancellation of Lease Deed
4.22.1 Cancellation of Lease Deed shall be as per the prevailing policy of the Authority. The current
prevailing policy for reference of the Applicant is as follows:
4.22.2 In addition to the other specific clauses relating to cancellation/determination, YEIDA, will be free
to exercise its right of cancellation/ termination of the allotment/ the lease of plot in case of the
following-
4.22.3 Allotment having been obtained through misrepresentation, by suppression of material facts,
false statement and/or fraud
4.22.4 Any violation of the directions issued or of the rules and regulations framed by YEIDA or by any
other statutory body.
4.22.5 In case of default on the part of the Applicant/Allottee/Sub-Lessee(s) or any breach/violation of
the terms and conditions of the Scheme Document, allotment, lease and/or non-deposit of the
allotment amount, instalments or any other dues or not completing the construction or making it
functional within prescribed time.
4.22.6 If the allotment is cancelled on the grounds mentioned in under sub-clause Clause 3.22.2(1) or
Clause 3.22.2(2) above, the entire deposits till date of cancellation shall be forfeited and possession
of the plot shall be resumed by the Authority/ Lessor with structures thereon, if any and the
allotee/ lessee will have no right to claim any compensation, thereof. Without prejudice to the
aforesaid, the Authority shall also have the liberty to initiate legal action against such allottee/
lessee.
4.22.7 If the allotment is cancelled on the grounds mentioned in Clause 3.22.2(3) above, the total
deposited amount or 40% of total premium after e-auction, whichever is less, will be forfeited and
the remaining amount after adjustment of all dues of authority if any, will be refunded without
interest. However, the amount deposited towards lease rent, interest, penal interest, extension
charges etc. shall not be refundable at any stage. No separate notice shall be given in this regard.
4.22.8 After cancellation of the plot as stated above, possession of the plot will be resumed by YEIDA,
along with the structure thereupon, if any, and the Bidder/ Applicant/ Allottee/ Lessee/ Sub-
Lessees will have no right to claim any compensation thereon.
4.23 Restoration
4.23.1 YEIDA can exercise cancellation of plots for breach of Terms and Conditions of Allotment letter /
Lease Deed/Transfer Deed. However, CEO or Authorised Officer of YEIDA can restore the plots, if
at all, as per the prevailing policy of the Authority as the time of submission of request letter after
payment of applicable fees and charges.
4.23.2 The prevailing policy for reference of the Applicant is as follows:
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4.23.3 This restoration clause/policy shall be only applicable for cases wherein the lease deed has been
executed after payment of 60 percent.
4.23.4 The application of restoration of plots shall be made within 90 days from the date of cancellation.
4.23.5 The application for restoration shall be considered only if the allottee/applicant withdrawn any
pending court case/suit instituted by him in caseCourt/ Rera /Consumer Forum and etc. against
the Yeida.
4.23.6 The decision about the restoration application of plots shall be taken within a period of 6 months
after the date of cancellation.
4.23.7 The allottee will have to make up to date payments, dues, penalties and interest etc. as applicable
till the date of restoration and including period of Cancellation.
4.23.8 The restoration charges will have to be paid @10% of the total premium of the plot (discovered
post e-auction) or prevailing allotment rate, whichever is higher at the time of restoration
application.
4.23.9 The allottee has to pay time extension charges as per terms of allotment/lease
4.23.10 The transfer of the Plot in whole or in part will not be allowed before obtaining the Completion
Certificate of the complete project as per the terms mentioned in Lease Deed.
4.23.11 If the allottee has filed a case in the court of law against cancellation, then they will have to
withdraw the case and will have to compensate the expenses to the Authority in regard to pursue
the case.
4.23.12 The Allottee will submit project implementation schedule in the shape of affidavit.
4.23.13 The cancelled plot is not already allotted to another developer.
4.23.14 In case allotment has been cancelled due to illegal/unauthorized/non-permissible activities the
restoration of the plots shall only be considered on submission of affidavit undertaking for non-
carrying out the illegal/unauthorized/non-permissible activities in future and closure/removal of
illegal/unauthorized/non-permissible activities.
4.24 Duty of Lessee to act, provide information etc.
4.24.1 The Lessee/Allottee agrees that it shall provide quarterly statement regarding the construction /
to be constructed, allotment of flat/built-up space, together with the name of such allottee, flat
no. and the terms of every such allotment of constructed flat space to the Lessor (Builder Buyer
agreement).
4.24.2 The Lessee/Allottee shall execute a Tripartite Sub Lease Deed of the superstructure and
proportionate undivided interest in the land in favour of its allottee. The consideration therefor
shall be receivable solely by the Lessee. The format of Tripartite instrument shall have to be got
approved in writing from the Lessor.
4.24.3 In the event, there are outstanding payable to Lessor/YEIDA, then after receipt of 50% of
consideration from the allottee of flat/built-up space, the Lessee and its allottee of flat space
shall have to deposit the balance 50% consideration in an Escrow account so as to safeguard the
interest of the Lessor and the buyer of flat/built-up space.
4.24.4 To ensure that the terms of this Brochure & Lease Deed and the sanctioned plans are always
disclosed to its proposed allottees of flat/built-up space against written acknowledgement. The
same shall also form part of terms of allotment of flat/built-up space. The flat/built-up space
buyers shall have to acknowledge that they have read and understood the contents of the Lease
Deed and agree to abide by the same.
4.25 Amalgamation/Sub-division
4.25.1 No amalgamation or sub-division shall be allowed on the allotted plots. The Allottee shall be
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solely responsible for the development/construction of all proposed activities as approved by the
Authority.
4.26 Other Clauses
4.26.1 The Authority reserves the right to make any amendments, additions, deletions and alterations in
the terms and conditions of allotment, lease, Building Regulations as it finds expedient and such
amendments, addition, deletion and alterations shall be binding on the Allottee.
4.26.2 If due to unavoidable circumstances/force majeure, the Authority is unable to allot the plot, the
earnest money deposited by applicant would be refunded. However, in case the period of deposit
exceeds one year then the amount shall be refunded along with simple interest @ 4% per Annum.
4.26.3 In case of any dispute in the interpretation of any word or terms and conditions of the allotment /
Lease, the decision of the CEO of YEIDA shall be final and binding on the Allottee / Lessee and his
/ her / their successor.
4.26.4 In case there is any change of reserve price of allotment from any order of honourable High Court/
Supreme Court or Government/Board of Uttar Pradesh, the Allottee/ Lessee and his / her / their
successor shall be responsible to bear the additional cost. The decision shall be final and binding
on the Allottee/ Lessee and his / her / their successor.
4.26.5 YEIDA will monitor the implementation of the project. Applicants who do not have a firm
commitment to implement the project within the time limits prescribed are advised not to avail
the allotment.
4.26.6 The Lessee and his / her / their successors shall abide by the provisions of the U.P. Industrial Area
Development Act 1976 (U.P. Act No. 6 of 1976), RERA, UP Apartment Act 2010/2016 and such
rules, regulations or directions as are issued there under from time to time.
4.26.7 Any dispute between the Lessor and Lessee / Sub-Lessee shall be subject to the territorial
jurisdiction of Civil Courts at Gautam Budh Nagar or the High Court at Allahabad (Prayagraj).
4.26.8 The allotment will be accepted by the Allottee on “As is where is basis”. The Allottee is advised to
visit the site before applying. No claim whatsoever shall be entertained by the Authority in regard
to the situation, location of physical status of the demised plot.
4.26.9 Provisions related to the fire safety, environmental clearance, NGT directives hall be observed by
the Allottee. Necessary approvals shall be obtained from the competent authority by the Allottee.
Non-receipt or any delay as receipt of such approvals shall not be a ground to claim extension in
time schedule of the implementation of project, either with or without charges.
4.26.10 In case an existing link road comes anywhere in the plot area, it shall be managed by the Allottee
/Lessee till an alternate arrangement is made by YEIDA.
4.26.11 All arrears towards premium, lease rent or any other dues payable to the Authority shall constitute
a charge (within the meaning of the T.P. Act) on the leased plot and dues shall be recovered as
arrears of land revenue.
4.26.12 The Lessee/ sub-Lessee(s) shall not be allowed to assign or change his role, otherwise the Lease
may be cancelled, and entire money deposited shall be forfeited.
4.26.13 YEIDA in larger public interest has the right to take back the possession of the land/ building by
making payment at the prevailing rate after giving the Allottee/Lessee an opportunity of being
heard. However, the decision of the CEO of YEIDA shall be final and binding on the Allottee/
Lessee, its sub-allottees / lessees.
4.26.14 The Allottee / Lessee shall have to make sufficient provision of parking in the plot itself. Parking
on the road will not be permitted. Any breach in this regard shall constitute breach of the terms of
the Lease Deed.
4.26.15 The Lessee / its allottee / sub Lessee shall follow all the rules and regulations of RERA and the
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Rules, Regulations and Directions of Building Bye Laws of the Lessor.
4.26.16 All other conditions of the Scheme Brochure shall be applicable to the Allottee, Lessee & sub-
lessee.
4.26.17 The Allotee/Lessee shall follow all the rules, regulation and guidelines w.r.t. Solid Waste
Management.
4.26.18 All other conditions of the Scheme Brochure shall be applicable to the Allottee, Lessee & Sub-
lessee.
4.26.19 In case of any differences or inconsistency between conditions as occurring in this Lease Deed and
Scheme Brochure, then the conditions of the Lease Deed shall override and shall be binding on the
Lessees, its allottees / sub-lessees.
4.26.20 Development Norms shall be as per the prevailing Building Regulations/ Byelaws of YEIDA on
the last day of Bid submission. In case of discrepancy between Building Byelaws/Regulations and
development norms as mentioned in this Scheme document, then Building Byelaws/Regulations
as existing on the last date of Bid Submission of YEIDA shall prevail. For reference of the bidder/
applicant norms related to ground coverage, FAR, height as per clause 24.2, page 20 of existing
YEIDA Building Regulations are as follows:
Group housing (flatted and cluster type): Minimum Plot Area- 2000 square metre
Ground Coverage 35 percent up to 40000 sqmtrs and 40% above 40000 sq.mtrs.
Floor Area Ratio 3.00
Height No limit. For buildings above 30 metres in height, clearance from Air-
port Authority shall have to be taken.
Density
(Family size 4.5) As mentioned in the sector Layout Plan or decided by the Authority
for a particular scheme
3.26.21# The GST Liability as per applicable rates at the time of payment shall be borne by the allottee
itself under Reverse Charge Mechanism vide Notification N.13/2017 S.So.5, 5A dated 28.06.2017.
The amount mentioned above does not include GST. GST on services provided to business entities
would be deposited by the recipient of services under reverse charge mechanism. If the allottee
does not has the GSTN number, then he will have to deposit the GST through YEIDA portal online
or by downloading challan and inform the Authority same day or next day positively..
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5 Section IV: Technical forms
To Self-attested
photograph
The Chief Executive Officer, of authorized
Yamuna Expressway Industrial Development Authority signatory
First floor, Commercial, Block P-2, Sector-Omega-1
Greater Noida, Uttar Pradesh 201308.
Subject: Application for allotment of____________(insert the type of Shops to be allotted) Shops
We hereby submit our application form for allotment of (insert the type of Shops to be allotted) Shops to
establish on an area of __Sq.mt.
We hereby agree to pay allotment money / installments / Lease Rent etc. as per payment plan and Rates/
premium of allotment hereinafter mentioned in the Data Sheet and General Terms and Conditions.
a) Online payment receipt No. _______________ dated _____________ for Rs. __________ towards the Registration
Money / Earnest Money Deposit.
b) Online payment receipt No. ____________________ date. _____________ for Rs. _____________ towards non-
refundable / non-adjustable processing fees.
d) Terms and conditions of the above registration duly signed as a token of acceptance of the terms and
conditions of the allotment of Plot.
e) The following documents duly signed by applicant and certified by C.A. are also enclosed.
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4 Form No. 4 – Solvency Certificate
5 Form No. 5 – Format for Affidavit
6 Form No. 6 – Format for Affidavit (Non-De-
faulter Declaration)
7 Certificate of incorporation/ registration,
memorandum & article of association of the
company of rules & regulations of society/
trust/partnership deed/firm (to be signed by
applicant and certified by CA).
8 Audited balance sheet of 2021-2022, 2022-
2023 & 2023-2024 to be signed by applicant
and certified by CA. In case of a Consortium,
the above-mentioned balance sheet of each
relevant member of the consortium shall be
submitted.
All other documents as per Clause No. 1.7 –
List of documents
Date ____________________
____________________________________________
Phone __________________
Fax _________________
Email ______________________________________
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5.2 Form No. 2: Financial Statement of Turnover
And Status
Based on Audited Accounts and other relevant documents, we M/s …………………… ……............................
............................................................................................................................................................………………….., Chartered
Accountants/Statutory Auditors, certify that the above information is correct.
Membership No.
36
5.3 Form No. 3: Financial Statement of Net Worth
And Status
Membership No.
37
5.4 Form No. 4: Solvency Certificate
Note: Separate certificate for company / firm / society / trust / everyone to be submitted. Solvency
Certificate should not be more than 6 months old from the date of submission of application.
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5.5 Form No. 5: Format for Affidavit
(To be furnished on non-judicial stamp paper of Rs.100/- duly attested by notary public, by the sole
Applicant or by Each Member in case of Consortium).
Ref.: Application of __________ (insert the type of plot to be allotted) Plot in Yamuna Expressway
Industrial Development Authority Area.
1. I, the undersigned, do hereby certify that all the statement made in our Application, including in
various Annexures & Formats, are true and correct and nothing has been concealed.
2. The undersigned also hereby certifies that neither our Company/_________ M/s ____________________
_________________________________________________________________________________________________________
___nor any of its director/constituent partners have been debarred by Government of Uttar Pradesh
or any other State Government or Government of India or their agencies for any work or for the
submitting Application for any project.
3. The undersigned hereby authorize(s) and request(s) any bank, person, firm or corporation to furnish
pertinent information deemed necessary and requested by YEIDA to verify this statement or regarding
my (our) competence and general reputation.
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5.6 Form No. 6: Format for Affidavit (Non-Defaulter Declaration)
(To be furnished on non-judicial stamp paper of Rs.100/- duly attested by notary public, by the sole
Applicant or by Each Member in case of Consortium/Partnership).
Ref.: Application of __________ (insert the type of plot to be allotted) Plot in Yamuna Expressway
Industrial Development Authority Area.
1. I, the undersigned, do hereby certify that our Company/_________ M/s ____________ nor any of its
director/constituent partners are defaulter’s or are part of defaulter’s list of YEIDA/GNIDA/NOIDA (For
all land uses) on the last date of Bid / Proposal Submission.
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5.7 Form No. 7: Format for Indemnity Bond
INDEMNITY BOND (To be furnished on non-judicial stamp paper of Rs. 100/- duly attested by notary
public)
The Allottee/Lessee shall be wholly and solely responsible for the implementation of the Project and
also for ensuring the quality of development/construction, subsequent operations and maintenance
of facilities and services, till such time that an alternate agency for such work is identified and legally
appointed by the Allottee/Lessee. The Allottee/Lessee is executing this indemnity bond, indemnifying
YEIDA against all disputes arising out of:-
ii. The quality and validity of development, construction, operations and maintenance
iii. Any dispute or claim whatsoever arising out of any accident during construction or during
maintenance or working / functioning or inhabitation of the constructed building to any guest or
sub-lessee.
iv. Any dispute or claim arising out of any allegation of infringement of any Intellectual Property
Rights etc. in the designing etc. of the building to be constructed by the lessee.
v. Any legal dispute arising out of allotment, lease and/or sub-lease to the final purchaser
Now therefore this indemnity Bond is executed and I the above named Allottee/lessee hereby agree
to indemnify the authority against all claims, losses of damages or claims which may be preferred by
any other person on the basis of any document executed by me.
I, therefore, execute this indemnity Bond in favour of the Authority in presence of the following:-
1. Witness
2. EXECUTANT
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Price of Brochure: Rs. 50,000/-+GST.
5.Annexures
42
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