Disposal of Land Rule - RIICO
Disposal of Land Rule - RIICO
Disposal of Land Rule - RIICO
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Note:<br />
(VII) The cases will be placed before the IDC for approving issuance <strong>of</strong> Letter<br />
<strong>of</strong> Reservation.<br />
(VIII) "Letter <strong>of</strong> Reservation" will be considered only upto 50% <strong>of</strong> the saleable<br />
area <strong>of</strong> the industrial area concerned.<br />
(IX) The "Letter <strong>of</strong> Allotment" will be issued after opening <strong>of</strong> the industrial<br />
area for land allotment.<br />
(X) Possession <strong>of</strong> the land will be handed over only after opening <strong>of</strong> the<br />
industrial area for allotment.<br />
(inserted as per item 15 <strong>of</strong> the meeting dt. 13.8.2012)<br />
All such cases for allotment <strong>of</strong> industrial, other than industrial, Commercial and<br />
residential plots in any industrial area at a rate below prevailing rate <strong>of</strong><br />
development charges in the industrial area would be placed before IDC for decision.<br />
However this would not apply to the land for public purposes where the existing<br />
rules provide for allotment at token/ nominal charges. (Inserted as per IDC decision<br />
taken vide item 11 on 25.04.2005)<br />
4. SECURITY DEPOSIT (i) Security Deposit shall be made in the form <strong>of</strong> Bank<br />
Draft or Bankers Cheque drawn in favour <strong>of</strong><br />
“<strong>RIICO</strong> Ltd.”, @ 1% <strong>of</strong> the total development<br />
charges, subject to minimum <strong>of</strong> Rs. 2500/-.<br />
(ii) However, relaxation may be allowed for the<br />
Security Deposit in the cases wherein land has<br />
been specially acquired on requisition, for big<br />
projects, where Promoters have deposited keenness<br />
money.<br />
(Substituted as per IDC decisions taken vide item 23 & 13 on 21.2.98 & 19.12.94<br />
respectively)<br />
5. RSERVATION/<br />
PUBLIC AUCTION<br />
The Corporation shall have the right to reserve<br />
certain plots/ land in the industrial area that it may<br />
dispose <strong>of</strong> by public auction or by entertaining<br />
individual applications. The terms and conditions<br />
governing plot auction shall generally be as laid<br />
down by the Corporation as it may deem fit from<br />
time to time.<br />
6. USE OF PLOT The plot shall be used for factory erection for<br />
industrial production and other purposes as may be<br />
permitted by the Corporation.<br />
7. OBNOXIOUS INDUSTRIES The industries that are not obnoxious and have no<br />
effluent problem will be permitted. A list <strong>of</strong><br />
obnoxious industries is given at Form ‘B’.