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YEIDA Introduces Stricter Rules for Industrial Plot Ownership Transfer

 YEIDA Introduces Stricter Rules for Industrial Plot Ownership Transfer

To speed up development and prevent misuse of industrial plots, the Yamuna Expressway Industrial Development Authority (YEIDA) has introduced stricter rules for transferring land ownership.

According to a new directive by YEIDA CEO Arun Vir Singh, changes in ownership—whether due to changes in company structure, shareholding, or within families—will now only be allowed if the plot owner has received all necessary map approvals and has started construction on the site.

Singh explained that after reviewing several files, he noticed many requests for ownership transfers where the required approvals and construction still needed to be completed.

Although there are no legal issues with these transfers, the need for more construction was slowing down industrial development in the area. The new rules are meant to ensure that industrial plots are developed quickly and efficiently. These changes are effective immediately, but the existing regulations for inheritance after the death of an allottee will remain unchanged.

The goal of these stricter guidelines is to make sure that plot owners actively work on developing their land, helping to boost the region's industrial growth. Rishabh Nigam, President of the Yamuna Expressway Entrepreneurs Association, supported the decision, saying it would discourage speculative buying and encourage timely development. This aligns with YEIDA's broader goal of promoting industrialization in the region.

Currently, 12 industrial units are operational in the YEIDA area. Among these, smartphone manufacturer Vivo has already started production on its 169-acre site in Sector 24A, near the Yamuna Expressway.

According to YEIDA's records, layout plans for 264 industries have been approved, and around 60-70 companies are expected to begin production at their manufacturing units by the end of this year.