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Disposal of Land Rule - RIICO

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3. If the application is made<br />

after 2 years <strong>of</strong> the allotment<br />

and upto 3 years <strong>of</strong> such date<br />

and original project is not set<br />

up.<br />

4. If the application is made<br />

after 3 years and upto 5 years<br />

<strong>of</strong> such date and original<br />

project is not set up.<br />

additional 10% conversion charges to be<br />

levied for making the application before the<br />

time limit plus 5% for the conversion <strong>of</strong> the<br />

vacant land. Thereby total 15% additional<br />

conversion charges will be leviable.<br />

(i) For application, no additional conversion<br />

charges as per existing rules.<br />

(ii) for conversion <strong>of</strong> vacant land, 5%<br />

additional conversion charges.<br />

Note: *The Relaxation related to land use conversion <strong>of</strong> the allotted vacant plots under<br />

the above sub- rule is applicable to the conversion cases for educational<br />

institutions purposes only .<br />

(Inserted as per approval by the IDC vide item 31 <strong>of</strong> its meeting held on 15.4.2008 and further<br />

insertion as per approval by the IDC vide item 14 <strong>of</strong> its meeting held on 19 .6 . 2009. Inserted/amended as per<br />

approval <strong>of</strong> the IDC vide item14 <strong>of</strong> the meeting held on 15.9.2009)<br />

Note : Detailed guidelines in this regard have been issued separately.<br />

(Inserted as per IDC decision taken vide item 5 on 20.9.2003)

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