YEIDA Ends OTS Window, Recovery to Begin for 7,200 Defaulters from March

• Around 7,200 defaulters face recovery if dues aren’t cleared by Feb 28

• OTS scheme closed after seven rounds, with weak response from allottees

• Board also clears land for CM model school and reviews stalled projects

Noida: The Yamuna Expressway Industrial Development Authority (YEIDA) has decided not to extend its One-Time Settlement (OTS) scheme any further, warning that recovery proceedings will begin from March against nearly 7,200 defaulting plot allottees who fail to clear their dues by February 28.

The decision was taken during YEIDA’s 88th board meeting chaired by Alok Kumar. Officials said the authority had already offered the OTS facility seven times in the past, making the current window—opened on December 1—the final opportunity for defaulters.

Despite outstanding dues of nearly Rs 4,950 crore, only 117 allottees have applied under the latest OTS round so far. The board termed the response far below expectations, prompting the authority to move ahead with recovery plans.

Alongside the OTS decision, YEIDA approved the allotment of six acres in Sector 34 for a chief minister’s model composite school catering from pre-primary to Class 12. The land will be provided to the basic education department at a token rate of Re 1 per square metre, with strict conditions that it be used solely for educational purposes.

The board also reviewed progress under the state government’s rehabilitation policy for stalled real estate projects. Of the 11 developers covered, nine have deposited 25% of their net dues—around Rs 402 crore. These projects involve close to 6,800 homebuyers, and officials said the deposits will help initiate the next steps toward reviving construction and enabling home delivery.

Also Read: YEIDA Approves Measures on Dues, Farmers and New Development Schemes

On the planning and tourism front, YEIDA examined master plans for Agra Urban City and the Raya Heritage City project, approving the process to invite public objections to the draft layouts. A detailed project report has been prepared to develop Raya Heritage City under the PPP model. The revised plan includes a 17.5-hectare Pilgrim Gateway Complex near the Vrindavan bypass. The authority is also considering residential schemes around the tourism zone to meet housing demand, with families displaced by the Banke Bihari temple project likely to be accommodated under existing policy.

Farmers’ compensation was another key agenda item. YEIDA informed the board that about Rs 3,000 crore has been paid as additional compensation between 2014–15 and 2025–26. For land acquired from 29 villages, reservation letters for 7% abadi plots have been issued to nearly 6,300 farmers, with development work underway at different stages.

Updates were also presented on sector-specific parks, including apparel, handicraft, MSME, toy, and medical device parks. Financially, YEIDA reported an increase in capital receipts from roughly Rs 2,200 crore to nearly Rs 2,700 crore over the past year, while revenue expenditure rose from about Rs 2,300 crore to approximately Rs 5,500 crore.

Also Read: Rs 587 Cr Medical Device Park Project Gets YEIDA Nod in Noida

With the OTS door now firmly closed, officials urged remaining defaulters to act quickly before recovery measures begin, even as YEIDA pushes ahead with education, housing, tourism, and industrial development across its region.

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