Benefits of the Yamuna Expressway Development
The Yamuna Expressway Improvement Scheme is a major transport improvement scheme that has been brought up in order to improve the transport conditions in Andhra Pradesh, which is located in the southern part of India. This scheme was started in 2021 when the then Andhra Pradesh government decided to undertake this massive project. The scheme will mainly be constructed in six major regions namely, Siliguri, Vizag, Hyderabad, Andhra Pradesh, Chennai and Kodaikanal. It is the biggest construction and development project in Andhra Pradesh and also the third largest road building program after the National Highways and bridges in the world. This scheme provides for the creation of new residential as well as commercial plots, industrial estates and other projects such as hotels and shopping malls.
The major benefit that this scheme brings into light is that the connectivity between the major towns and cities in Andhra Pradesh has been improved. The completion of this project will connect to the arterial roads and state highways. Also, there will be new connections made to the national and international airport of Andhra Pradesh. There are also some residential and commercial plots available in the project. The industrial plots are one of the most lucrative and profitable investments in Andhra Pradesh and this scheme will only add on to the already existing development.
There are two types of schemes under this programme. The first one is the Special Economic Zone (SEZ), which is open to all businesses/occupations and is considered to be the first stage of the project. The second one is the Special Economic Zone (SEZ-I) which is open to all businesses/occupations and is the next phase of the project. As part of the eligibility criteria for these projects, you need to ensure that you belong to the low income group and that your annual income is less than the per capita income of that particular SEZ. There are also some other eligibility criteria in the SEZ-I and they are the ownership of at least ten mobile phones, the possession of an approved Mobile Radio Service (MRS), an approved Water Well, and an Annual Home Insurance. For the Special Economic Zone (SEZ-I) there are certain rules and the SEZ certificate also needs to be renewed periodically.
Experience the Benefits of the Yamuna Expressway Development
Private limited company (PLC) is another scheme under the yamuna expressway development and it is known as the Private Limited Exchange (PLED). This scheme is open to all investors who are planning to raise funds and put them in a private limited company. All the members of the PLED get an equal share in the private limited company. So if one of the members of the PLED wants to sell his shares and buy other shares in the private limited company, then he has to give a letter of agreement to the company secretary. This scheme is also open to the shareholders and all those who have an ownership of any land can buy up the plots for this scheme.
The scheme is available for a period of five years and after this period of five years, if there is no renewal, then the scheme would end and the owners have no option but to give back their plots to the government. Another type of scheme is the Residential Spill Transfer Schemes under which the property is not sold and hence it becomes the property of the government. This scheme is available only for the plots that are located outside the cities and towns. If you are looking to apply for the scheme you can contact the Manila representative of the National Expressway Corporation (NEC) or the Manila Association for Condominiums and Urban Renewal (MAER) who will help you in the registration money process. You have to pay the registration money along with the normal amount of premium and the certificate of authenticity will also be given to you along with the premium.
Before you start the process you need to fill up the application form and submit it to the concerned authority. When the approval comes you can start the construction work and as soon as it is done the developers will contact you to put up the plans and the developer will be responsible for the maintenance. So if you are a keen owner and want to invest, the yamuna expressway development in Manila is one of the best choices that you can make.