Disposal of Land Rules - RIICO

22. Allotment of land for the purpose of setting
up of a Government School, if the plot is
carved out in the service area (non saleable
area).
per rules.
Managing Director is authorized to
approve the allotment of land free of
cost, at an annual lease rent (economic
rent) of Re.1/-.
(Inserted / Amended as per BOD decision taken vide item 2 on 6.8.98 and IDC decisions taken vide item 7, 4, 4,
14, 5&18 and 4 on 18.11.1998, 21.5.1999, 28.4.2000, 13.11.2000, 7.12.2000 and 14.2.2002 respectively. Sub-
rule 3-G-5 amended as per decision by IDC vide item 32 of its meeting held on 15.4.2008 and further amended
vide item14 of the meeting held on 27.2.2009. New proviso at S.No. 21 and 22 inserted as per approval by the
IDC vide item 6 & 7 of the meeting held on15.9.2009. Amended as per item 8 of IDC meeting held on
18.10.2010) )
3(H). Allotment of Land to State / Central Government Departments/Organizations for
Residential/ Commercial use- shall be made as under:
1. At two times of the prevailing rate of development charges if the land is put to
residential purpose.
2. At four times of the prevailing rate of development charges if the land is put to
commercial purpose.
3. The Managing Director shall decide the nature of activity.
(Inserted as per IDC decision taken vide item 8 on 28.6.1997.)
3(I-a) Allotment of land to Industries Associations in the industrial areas may be made in
the following manner:
1. Land measuring up-to 500 sq. mtr. to one Industries Association in the industrial area,
depending upon their representative nature, involvement in industrial development etc.
may be allotted for construction of the Association building:
(i) At Re.1/- per sqm. if a minimum investment of Rs. 500 crores has been catalyzed
in the area.
(ii) At 50% rate of development charges where Rs. 500 crores investment has not
been catalyzed in the area.
(iii) Land over and above 500 sq.mtr. shall be allotted at full prevailing industrial rate.
2. Land for other Industrial Associations may be allotted on the rate of development
charges of the area.
3(I-b) Allotment of land at any single location in the State with in RIICO industrial area
to PHDCCI, FICCI, CII and ASSOCHEM for construction of office/association
building.
Land upto 500 sqm may be allotted at a token amount of Re.1/-, at any single location in
the State in the industrial areas to PHDCCI, FICCI, CII and ASSOCHEM ( the
organisations presently active in the State) for construction of Association /office
building . However, the land in excess of 500 sqm will be allotteed at prevailing rate of
development charges of the industrial area concerned. The above organisations will be
exempt from payment of the service charges. Economic rent (lease rent) will be recovered
as per the rules.