Disposal of Land Rules - RIICO

(g-ii) Surrender of allotted plot/land by the khatedar:
In case allottee Khatedar surrenders allotted plot, the amount of cash
compensation may be paid as per award without interest after recovering
outstanding dues towards economic rent and interest thereon and other dues,
if any, till the date of surrender of the plot/land.
(Inserted as per approval of IDC vide item 14 of its meeting held on 27.10.2008)
18(h): The deposited amount shall be refunded alongwith interest as per the prescribed
rate with the approval of the Managing Director in those cases where the
allotment / possession of the plot could not be given by the Corporation due to
court case or other unavoidable circumstances. However, the present rate of
interest (w.e.f. 1.11.2003) is as following:
Table-4
1. If amount remains with the Corporation for a period less @5.50% p.a.
than 1 year
2. If amount remains with the Corporation for a period of 1 @6.00% p.a.
year and above
(Inserted as per IDC decisions taken vide item 28 on 20.9.1997, item 6 on
21.2.1998 and office order No. IPI/F-1 (9)2/82 dated 29th October, 2003)
18( h-i) Where an entrepreneur is desirous of getting a plot / plots allotted in any of the
Industrial Area of RIICO in lieu of his/her allotted plot / plots in a industrial area,
the entire amount deposited by the entrepreneur on account of Security Money
and Development Charges shall be transferred by the concerned Unit Office after
deducting the due amount of service charges, economic rent from the allotment
date to the date of such transfer, and interest on unpaid development charges,
service charges and economic rent, to the other concerned Unit Office, where the
plot allotment is being requested or allotment has already been made. The
expenditure incurred on the lease deed will not be adjusted in any case. The fresh
lease deed will have to be executed at the cost of allottee for change of plot in
another area.
Note:
Such requests shall be considered at the rate of development charges prevailing in
the desired area on the date of application for transfer made by the allottee.
However, no allotment shall be made in those areas where decision has been taken
for allotment of plots through open auction or under tatkal bhookhand awantan
yojana.