Disposal of Land Rule - RIICO
Disposal of Land Rule - RIICO
Disposal of Land Rule - RIICO
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3(I-b) Allotment <strong>of</strong> land at any single location in the State with in <strong>RIICO</strong> industrial area<br />
to PHDCCI, FICCI, CII and ASSOCHEM for construction <strong>of</strong> <strong>of</strong>fice/association<br />
building.<br />
<strong>Land</strong> upto 500 sqm may be allotted at a token amount <strong>of</strong> Re.1/-, at any single location in<br />
the State in the industrial areas to PHDCCI, FICCI, CII and ASSOCHEM ( the<br />
organisations presently active in the State) for construction <strong>of</strong> Association /<strong>of</strong>fice<br />
building . However, the land in excess <strong>of</strong> 500 sqm will be allotteed at prevailing rate <strong>of</strong><br />
development charges <strong>of</strong> the industrial area concerned. The above organisations will be<br />
exempt from payment <strong>of</strong> the service charges. Economic rent (lease rent) will be recovered<br />
as per the rules.<br />
(Substituted as per IDC decisions taken vide item 3, 5&18 and 5 on 7.12.2000 and 8.7.2002 and item 12<br />
<strong>of</strong> meeting dt. 28.5.2010).<br />
3(J). Allotment <strong>of</strong> Constructed Bank Building or <strong>Land</strong> for Bank Building Construction,<br />
to Banks shall be made on the following basis:<br />
1. Constructed Bank Building: The cost <strong>of</strong> building shall be calculated on the basis <strong>of</strong><br />
standing order No. 138 <strong>of</strong> State Public Works Department or actual expenditure<br />
made by the Corporation plus interest thereon for idle period <strong>of</strong> investment, less<br />
depreciation, whichever is higher. The cost <strong>of</strong> land shall be calculated at four times<br />
the prevailing rate <strong>of</strong> development charges <strong>of</strong> the area, or reserve price fixed by the<br />
Corporation for making auction <strong>of</strong> commercial plot, whichever is higher.<br />
2. <strong>Land</strong> for Bank Building construction: <strong>Land</strong> allotment to any bank for bank<br />
building construction may be allowed by MD at the reserve price fixed for<br />
commercial plot in particular industrial area<br />
(Inserted and substituted as per IDC decisions taken vide item 5, 12 and 4 on<br />
4.9.1995, 22.3.2000 and 8.8.2000 respectively)<br />
3 (K). Allotment <strong>of</strong> land to Khatedars against the land acquired from it for setting up <strong>of</strong><br />
industrial areas:<br />
Khatedars may opt to take allotment <strong>of</strong> developed land in lieu <strong>of</strong> cash compensation <strong>of</strong><br />
the land acquired from these Khatedars. The developed land will be allotted to such<br />
Khaddar in accordance with the procedure/guidelines/norms etc. as may be decided by<br />
the Corporation from time to time and as prevalent at the time <strong>of</strong> declaration <strong>of</strong> the<br />
award by the <strong>Land</strong> Acqisition Offficer (LAO) concerned.<br />
3 (L). Allotment <strong>of</strong> <strong>Land</strong> to I.T. Industries in IT Parks/ designated IT Zones:<br />
<strong>Land</strong> allotment under a special land package for setting up <strong>of</strong> various IT industries as<br />
defined below/ Institutes will be made at the rate <strong>of</strong> development charges prevailing in<br />
the area. After stipulated minimum fixed investment made by the plot allottee on the<br />
allotted plot within the period stipulated for investment in the package (amended as<br />
per IDC decision taken vide item 5 on 27.12.2004), the following entitled land<br />
rebates shall be reimbursed by <strong>RIICO</strong> to the eligible allottees: