Disposal of Land Rules - RIICO

(vii) The lessee (allottee) and sub-lessee, both will be responsible for payment of
various dues to RIICO. RIICO will be free to recover it from either party.
(viii) RIICO will not be responsible for providing any extra infrastructure
support or services to sub-lessee.
(ix) The building parameters available to the plot will not be relaxed in any manner.
Where original plot is sub-divided and sub-leased, the parameters for original
plot and sub-divided plot will be re-determined by RIICO, which may be less
than what were available to the undivided plot.
(x) No extra ground coverage, height or FAR will be permissible on account of subleasing.
(xi) Rights and liabilities between the lessee (allottee) and sub-lessee will be
determined amongst themselves and these will not be binding on RIICO in any
manner. Such mutual rights and liabilities will have to conform to the rules and
regulations of RIICO.
(xii) RIICO will not be answerable to any disputes arising between lessee and sublessee.
(xiii)Any other conditions which may be prescribed by the Corporation.
(Amended as per IDC decision taken on 05.7.2004)
17. (A) Un-Utilized Land
(B) Sub-Division of allotted plot & after transfer of Sub-Divided Plots
(C) Merger of Plots
(D) Delegation of Powers
17 - (A): Unutilized Land:
Un-utilized land of the allotted plots shall revert back to the Corporation
on expiry of the prescribed / extended period. Such unutilized land
identified, and which can be re-planned by RIICO keeping in view the
access to the land, would be deemed to have come into possession of
RIICO on giving a 90 days notice to the allottee and also to the Financial
Institution, if the land is mortgaged to such Institution. The development
charges originally paid by the allottee for such unutilized land shall be
refunded. However, the security money applicable to such unutilized land
would be forfeited.
Explanation: The unutilized land would be determined on the basis of the
scheme submitted at the time of allotment and the building constructed by
the allottee. Regarding the area of unutilized land, the decision of the
Managing Director would be final.
17 - (B): Sub-Division of allotted plot & after transfer of Sub-Divided Plot(s):
No sub division of allotted land / plot and after disposal / transfer of subdivided
plot(s) will be allowed except hereinafter provided in the rules:
(i) Sub-division of industrial, institutional (education) and supportive
service plots (allotted) and after transfer of sub divided plot(s) will be
allowed only after the allottee has utilized land/plot for the purpose
specified to the said land/plot. In other words, sub division of vacant