Disposal of Land Rule - RIICO
Disposal of Land Rule - RIICO
Disposal of Land Rule - RIICO
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plot and sub-divided plot will be re-determined by <strong>RIICO</strong>, which may be less<br />
than what were available to the undivided plot.<br />
(x) No extra ground coverage, height or FAR will be permissible on account <strong>of</strong> subleasing.<br />
(xi) Rights and liabilities between the lessee (allottee) and sub-lessee will be<br />
determined amongst themselves and these will not be binding on <strong>RIICO</strong> in any<br />
manner. Such mutual rights and liabilities will have to conform to the rules and<br />
regulations <strong>of</strong> <strong>RIICO</strong>.<br />
(xii) <strong>RIICO</strong> will not be answerable to any disputes arising between lessee and sublessee.<br />
(xiii)Any other conditions which may be prescribed by the Corporation.<br />
(Amended as per IDC decision taken on 05.7.2004)<br />
17. (A) Un-Utilized <strong>Land</strong><br />
(B) Sub-Division <strong>of</strong> allotted plot & after transfer <strong>of</strong> Sub-Divided Plots<br />
(C) Merger <strong>of</strong> Plots<br />
(D) Delegation <strong>of</strong> Powers<br />
(E) Sub-division <strong>of</strong> large size industrial plots<br />
17 – (A): Unutilized <strong>Land</strong>:<br />
Un-utilized land <strong>of</strong> the allotted plots shall revert back to the Corporation<br />
on expiry <strong>of</strong> the prescribed / extended period. Such unutilized land<br />
identified, and which can be re-planned by <strong>RIICO</strong> keeping in view the<br />
access to the land, would be deemed to have come into possession <strong>of</strong><br />
<strong>RIICO</strong> on giving a 90 days notice to the allottee and also to the Financial<br />
Institution, if the land is mortgaged to such Institution. The development<br />
charges originally paid by the allottee for such unutilized land shall be<br />
refunded. However, the security money applicable to such unutilized land<br />
would be forfeited.<br />
Explanation: The unutilized land would be determined on the basis <strong>of</strong> the<br />
scheme submitted at the time <strong>of</strong> allotment and the building constructed by<br />
the allottee. Regarding the area <strong>of</strong> unutilized land, the decision <strong>of</strong> the<br />
Managing Director would be final.<br />
17 – (B): Sub-Division <strong>of</strong> allotted plot & after transfer <strong>of</strong> Sub-Divided Plot(s):<br />
No sub division <strong>of</strong> allotted land / plot and after disposal / transfer <strong>of</strong> subdivided<br />
plot(s) will be allowed except hereinafter provided in the rules:<br />
(i) Sub-division <strong>of</strong> industrial, institutional (education) and supportive<br />
service plots (allotted) and after transfer <strong>of</strong> sub divided plot(s) will be<br />
allowed only after the allottee has utilized land/plot for the purpose<br />
specified to the said land/plot. In other words, sub division <strong>of</strong> vacant<br />
land/plots will not be allowed. However, the cases wherein sub<br />
division <strong>of</strong> the land/plot is being affected for the following reasons, it<br />
could be allowed even before the unit is set up, on payment <strong>of</strong><br />
requisite charges and observance <strong>of</strong> all the technical requirements as<br />
may be imposed while approving the sub division plan <strong>of</strong> the<br />
land/plot, technically, by the approving authority: