Disposal of Land Rule - RIICO
Disposal of Land Rule - RIICO
Disposal of Land Rule - RIICO
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10000 sqm to 20000 sqm Committee comprising <strong>of</strong> concerned unit head,<br />
DTP/Manager(Planning), Sr.RM(P&D) and<br />
headed by Adv.(Infra).<br />
20000 sqm to 50000 sqm Committee comprising <strong>of</strong> Advisor(Infra) ,<br />
concerned unit head, DTP/Manager(Planning),<br />
Sr.RM(P&D) and headed by MD.<br />
Beyond 50000 sqm IDC<br />
(Inserted as per IDC decision taken vide item 5 on 9.7.1998 & item 21 & 29 on 13.11.2000. Insertions<br />
further made as per item 14 <strong>of</strong> meeting dt. 16.12.2010 and item 11 <strong>of</strong> the meeting dt. 18.2.2011 )<br />
20-C. Change in land use <strong>of</strong> allotted land:<br />
1. Change in land use <strong>of</strong> allotted industrial plot or part there<strong>of</strong> for commercial<br />
or other purposes other than residential and change <strong>of</strong> land use <strong>of</strong> allotted<br />
industrial or commercial plots for setting up <strong>of</strong> petrol pumps or petrol pump<br />
filling station cum service station may be allowed and approved by a<br />
committee constituted <strong>of</strong> Advisor (Infra), DTP and concerning unit head<br />
under chairmanship <strong>of</strong> ED subject to fulfilling <strong>of</strong> the prescribed norms.<br />
2. Allottee <strong>of</strong> industrial plot desirous <strong>of</strong> change in land use may apply to <strong>RIICO</strong><br />
<strong>of</strong>fice in prescribed format, after 3 years <strong>of</strong> plot allotment, alongwith plans<br />
and utilization proposal <strong>of</strong> the plot, and non-refundable processing fee <strong>of</strong> Rs.<br />
1,000/- in case <strong>of</strong> saturated industrial areas or Rs. 500/- for non-saturated<br />
industrial areas. The applicant would also indicate the proposed investment<br />
plan and detail as to how best the benefits under the New Investment Policy<br />
can be availed by him.<br />
3. The allottee shall pay all land dues before making application for change <strong>of</strong><br />
land use and shall submit NOC from the concerned financial institutions if<br />
the lease deed had been mortgaged.<br />
4. Conversion charges for considering change in the land use <strong>of</strong> an allotted<br />
industrial land for commercial purposes including for petrol pump:<br />
Type<br />
Area<br />
<strong>of</strong> Industrial<br />
a. Saturated<br />
areas<br />
industrial<br />
Table-1<br />
The rate <strong>of</strong> conversion charges w.e.f. 3 rd<br />
Nov., 2004<br />
3 times the prevailing development charges <strong>of</strong><br />
the industrial area, concerned.<br />
b. Normal industrial areas 2 times the prevailing development charges <strong>of</strong><br />
the industrial area, concerned.<br />
c. Slow moving industrial<br />
areas<br />
1 time the prevailing development charges <strong>of</strong><br />
the industrial area, concerned.<br />
(Conversion Charges Rates revised as per IDC decision vide item 18 on 12 Oct., 2004).
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