Disposal of Land Rules - RIICO
Disposal of Land Rules - RIICO
Disposal of Land Rules - RIICO
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(ii) Minimum <strong>Land</strong> Area Requirement will be <strong>of</strong> 10 acres.<br />
3. WHO CAN APPLY:<br />
(i) Individual anchor unit and/or a developer can apply for allotment <strong>of</strong> land. The<br />
minimum area requirement is <strong>of</strong> 10 acres <strong>of</strong> land.<br />
ii) If a developer is seeking allotment <strong>of</strong> land to develop an IT Complex/Campus then<br />
there shall have to be an arrangement <strong>of</strong> an anchor unit coming up in the IT<br />
Complex/Campus to the satisfaction <strong>of</strong> <strong>RIICO</strong>. Such an anchor unit shall utilize at<br />
least 30% <strong>of</strong> the total constructed area <strong>of</strong> the complex/campus for its own use as well<br />
as its vendors/ subsidiaries/ancillaries. An undertaking by the anchor unit to this<br />
effect if not accompanied with the application must be submitted within 60 days <strong>of</strong><br />
the 'in principle' approval conveyed by <strong>RIICO</strong>.<br />
4. HOW TO APPLY:<br />
Project proposals should specify the following:-<br />
a) the area requirement and its utilization proposals i.e. indicative areas proposed to<br />
be put under different uses/components <strong>of</strong> the Complex/ Campus based on the<br />
'Concept Plan'.<br />
b) total project cost including land cost, cost <strong>of</strong> internal development <strong>of</strong> the campus,<br />
construction cost <strong>of</strong> buildings etc.<br />
c) means and modes <strong>of</strong> financing.<br />
d) time schedule <strong>of</strong> development program i.e. the development targets set to be<br />
achieved over a period <strong>of</strong> time.<br />
e) pro<strong>of</strong> <strong>of</strong> financial soundness.<br />
f) experience in the field <strong>of</strong> infrastructure development or urban development<br />
projects. Details <strong>of</strong> same may be furnished.<br />
g) in the case <strong>of</strong> an Anchor unit, detailed project pr<strong>of</strong>ile and details <strong>of</strong> such projects<br />
developed elsewhere, if any and details <strong>of</strong> the vendors proposed to be brought in<br />
the complex/campus.<br />
h) details <strong>of</strong> expected generation <strong>of</strong> employment by the project.<br />
i) any other information the applicant deems relevant for the project may also be<br />
furnished..<br />
5. PROCEDURE OF ALLOTMENT AND TERMS OF PRE-REQUISITE<br />
PAYMENTS:<br />
i) The land will be allotted on reserve rate applicable which will be fixed by the<br />
competent committee <strong>of</strong> the Corporation constituted for the purpose under the<br />
chairmanship <strong>of</strong> the Managing Director, having Advisor (Infra), Advisor (A&M)<br />
and FA as its other members.<br />
ii) Expression <strong>of</strong> interest will be invited from the interested anchor units/developers<br />
by way <strong>of</strong> releasing an advertisement in the News Papers, as per the laid down<br />
procedure. The expression <strong>of</strong> interest will be invited for the purpose <strong>of</strong> adjudging<br />
technical qualifications <strong>of</strong> the applicant. If there are more than one technically<br />
qualified applicants then there will be financial bidding held between/amongst<br />
the technically qualified applicants.<br />
iii) The proposals will be examined by the above Committee and <strong>RIICO</strong> will allot<br />
land on such terms and conditions as stipulated by the Committee in addition to