Disposal of Land Rules - RIICO
Disposal of Land Rules - RIICO
Disposal of Land Rules - RIICO
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(Inserted as per IDC decisions taken vide item 16 on 25.02.2000 and amended vide item 5 on<br />
8.1.2001 and item 10 on 18.08.2001. Amended as per item 24 <strong>of</strong> the meeting 10.2.2010.<br />
Amended further vide 7 0f the IDC meeting held on 30.7.10 )<br />
12(4) For plot allotments through auction, the charges shall be paid as per the terms &<br />
conditions <strong>of</strong> auction.<br />
(Substituted as per IDC decision taken vide item 6 on 22.03.2000)<br />
12(5) Installment Scheme for commercial plot allottees:<br />
Same as applicable to industrial plots and mentioned in sub rule 12 (3) above . The<br />
allottee <strong>of</strong> commercial plot also, may opt to pay balance 75% development charges<br />
within 60 days <strong>of</strong> the land allotment for which no interest will be charged.<br />
Commercial plot allottees will balance 75% development charges in equal quarterly instalments<br />
as per details given here under:<br />
(i) Total permitted quarterly instalments will be 10 in numbers. Out <strong>of</strong> which<br />
initial 1 instalment will be interest free in developed areas and 3 in under<br />
developed areas and for the remaining instalments, interest at the<br />
prescribed rate shall be paid.<br />
(ii) If the allottee does not want to avail any interest free instalment facility,<br />
then the payment will be received in 19 quarterly instalments. In such case<br />
all the instalments will be interest bearing instalments.<br />
Note:<br />
In such cases, possession <strong>of</strong> the plot can also be handed over to the allottee<br />
concerned even before payment <strong>of</strong> full cost as is being done in case <strong>of</strong> industrial<br />
plots i.e. the allottee will be given possession <strong>of</strong> the land within 90 days <strong>of</strong> the<br />
allotment subject to payment <strong>of</strong> initial deposit amount.<br />
(Inserted as per IDC decision taken vide item 10 on 18.08.2001. Amended/inserted as per item 15 <strong>of</strong> IDC<br />
meting held on 15.9.2009 )<br />
12(6) Installment Scheme for allottees <strong>of</strong> residential plots:<br />
Same as applicable to industrial plots and mentioned in sub rule 12 (3) above . The<br />
allottee <strong>of</strong> residential plot also, may opt to pay balance 75% development charges<br />
within 60 days <strong>of</strong> the land allotment for which no interest will be charged.<br />
(Inserted as per IDC decision taken vide item 11on 10.12.2001)<br />
12(A) Additional charges for corner plots:<br />
(i). If a corner plot measuring up-to 4000 sqm. is proposed for allotment, additional<br />
charges @ 10% <strong>of</strong> the rate <strong>of</strong> development charges as corner charges shall be<br />
charged for corner plot. For corner plots measuring more than 4000 sqm., which<br />
may not be available for allotment in the industrial area, no corner charges shall be<br />
levied if the corner plot <strong>of</strong> the required size is planned by clubbing corner plot(s)