Disposal of Land Rules - RIICO

eturned at the original rate of allotment alongwith interest as per the
Corporation policy.
(g) In case the rate of development charges of the plot offered in exchange in
other area is more than the rate of allotment of original plot then the
allottee will pay the difference in development charges, however, in case
the rate of development charges is less, then the Corporation would
refund the amount at the original rate of allotment alongwith interest as
per the policy.
( inserted as per decision taken by IDC on 27.12.2004)
(f-iii) Exchange of Plots Allotted in Business Campaigns :
Further, plots allotted in Business Campaigns may be allowed for exchange by
the unit head with vacant plot in the unsaturated industrial area on payment of
a fee @ Rs.5/- per sqm. provided the rate of development charges in the area
is unchanged. If the request for exchange of plot in the same area is accepted
then the allottee shall not be charged on account of service charges and
economic rent for the financial year during which the plot exchange has been
allowed, for the exchanged plot if economic rent and service charges have
been paid for the earlier plot. Any case of exchange of plot in saturated
industrial areas will be decided by IDC. In case of allotted plot under
depression or near to polluting unit, plot exchange will be permitted at the
level of Executive Director subject to payment of fee @ Rs.5/-per sqm. All the
cases of exchange of plot relating to industrial areas Bhiwadi, Chopanki and
Khuskhera will be decided at HO Level.
( inserted as per decision taken by IDC on 12.8.2005)
18(g). Surrender/ Cancellation of Plots allotted for any purpose such as Industrial/
Residential/ Commercial/ Institutional:
In case the Corporation cancels allotted plot or if any allottee or a lessee intends
to surrender the plot or part thereof for any reason, the Corporation may accept it
on the condition as it may deem fit. In such cases of plot surrender/ cancellation
after 1st June 2004, the amount of development charges recovered from the party
will be refunded after dealing the case in the following manner:
(i) Service charges, economic rent and interest on unpaid service charges and
economic rent till the date of surrender/cancellation of plots will be
deducted from the refundable amount.
(ii) Security deposit/ amount of keenness money will stand forfeited.
(iii) Deduction of development charges irrespective of date of plot allotment
will be made as under:
(iii-a) Consequent upon surrender of the allotted plot (s):