3 (Y)   POLICY FOR LAND ALLOTMENT FOR DEVELOPMENT OF IT COMPLEX/CAMPUS THROUGH PRIVATE DEVLOPERS

       1. IT COMPLEX / CAMPUS DEFINED:

 Permissible Units/Activities in IT Complex/Campus are as under:

  i)      IT Industries, IT enabled Services (ITeS) as defined in the relevant notifications issued by the State Government/GoI.

ii)      Robotics, Nano Technology, Mobile Computing, Mobile Communications, other frontier technologies.

iii)      Chip Manufacturing.

iv)     IT related Research and Development facilities.

v)      Or any other activities as may be notified from time to time by the IT Department of  GoR/GoI.

  2. PRE CONDITIONS FOR LAND ALLOTMENT:

            (i)  There must be an Anchor Unit.

(ii) Minimum Land Area Requirement will be of 10 acres.

  3. WHO CAN APPLY:

        (i) Individual anchor unit and/or a developer can apply for allotment of land. The minimum area requirement is of  10 acres of land.

  ii) If a developer is seeking allotment of land to develop an IT Complex/Campus then there shall have to be an arrangement of an anchor unit coming up in the IT Complex/Campus to the satisfaction of RIICO. Such an anchor unit shall utilize at least 30% of the total constructed area of the complex/campus for its own use as well as its vendors/ subsidiaries/ancillaries. An undertaking by the anchor unit to this effect if not accompanied with the application must be submitted within 60 days of the 'in principle' approval conveyed by RIICO.

4. HOW TO APPLY:

                    Project proposals should specify the following:-

a)      the area requirement and its utilization proposals i.e. indicative areas proposed to be put under different uses/components of the Complex/ Campus based on the 'Concept Plan'.

b)      total project cost including land cost, cost of internal development of the campus, construction cost of buildings etc.

c)      means and modes of financing.

d)      time schedule of development program i.e. the development targets set to be achieved over a period of time.

e)      proof of financial soundness.

f)       experience in the field of infrastructure development or urban development projects. Details of same may be furnished.  

g)      in the case of an Anchor unit, detailed project profile and details of such projects developed elsewhere, if any and details of the vendors proposed to be brought in the complex/campus.

h)      details of expected generation of employment by the project.

i)       any other information the applicant deems relevant for the project may also be furnished..

  5.        PROCEDURE OF ALLOTMENT AND TERMS OF PRE-REQUISITE PAYMENTS:

i)             The land will be allotted on reserve rate applicable which will be fixed by the competent committee of the Corporation constituted for the purpose under the chairmanship of the Managing Director, having Advisor (Infra), Advisor (A&M) and FA as its other members.  

   ii)   Expression of interest will be invited from the interested anchor units/developers by way of releasing an advertisement in the News Papers, as per the laid down procedure. The expression of interest will be invited for the purpose of adjudging technical qualifications of the applicant. If there are more than one technically qualified applicants then there will be financial bidding held between/amongst the technically qualified applicants.

iii)      The proposals will be examined by the above Committee and RIICO will allot land on such terms and conditions as stipulated by the Committee in addition to the standard terms and conditions of allotment as laid down in RIICO Disposal of Land Rules, 1979.

iv)     After approval of the project in-principle the applicant will be required to deposit 25% of the cost of land and 1% of the cost as security money, within 60 days from the date of communication of the approval.

 v)     In case the applicant fails to deposit 25% cost of land and the security money, as envisaged above within the stipulated period extension of 30 days could be allowed with interest chargeable at the prevailing rate, from the date of communication of approval. This extension will be subject to the condition that the applicant must inform RIICO regarding extension within 60 days otherwise the approval shall lapse, automatically.

*    The balance cost of the land will be paid within 60 days of the land allotment as provided in RIICO Disposal of Land Rules, 1979. The land allottee can also opt to pay the balance cost of land (75% development charges) in7 equal quarterly interest bearing instalments. Delay in timely payment of the instalment(s) will attract interest at higher rates for the period of delay.        

  6.  PERIOD OF PROJECT IMPLEMENTATION:

The project will be completed within a period of three years from the date of possession or execution of lease deed, whichever is earlier. However, the allottee must achieve the following milestones related to the project implementation:

i)

First year

:

Construction upto the extent of 20% eligible FAR

ii)

Second year

:

Construction upto the extent of 40% eligible FAR

iii)

Third year

:

Construction upto the extent of 75% eligible FAR

          *   Extension for another three years could be given provided that 50% of project area of the Complex excluding housing, commercial and recreational components has been implemented.

7.  BROAD BUILDING PARAMETERS:

                  Building  parameters  will be as per the Form 'E-2' ( Table E-2-1)of Building Regulations related to IT/ITeS and as appended to these rules .

8. SUB LEASING:

The developer and the anchor unit will have the freedom of renting and sub-leasing, both built up space and / or land, subject to the condition that such renting and sub-leasing will only be permitted for the purposes defined at serial no. 4(a) above Other terms & conditions of sub-leasing/renting will be as under:

        i)     No separate permission/charges for sub-leasing built up space and/or land will be required.

        ii)   Building construction of the IT Complex will be done as per the RIICO Buildings Parameters related to IT Complexes. The Complex may also house commercial, recreational, residential facilities for sub-leasing to the extent permitted in RIICO building parameters related to IT Complexes.

  iii)      Sub-lease period will not exceed the remaining period available to the original plot allottee.

          iv)     It is primarily the land allottee / prime lessee who will be required to pay all dues / annual charges eg. Service Charges and Economic Rent etc. to RIICO. If the sub lessees are made to pay the above annual charges to RIICO then the allottee will put a condition to this effect in the sublease. Without such condition the sublease will not be treated as valid. A suitable provision / clause regulating the above arrangement will also be inserted in the lease deed to be executed with the land allottee.  

v)            Common facility area will be maintained by the developer or through any agency approved by it, for which the developer may levy suitable charges on the users.

vi)                 Lessor (RIICO) will provide only outer infrastructure as per the development scheme of the concerned industrial area. Internal development of the IT campus will be the sole responsibility of the allottee / lessee as per plans approved by RIICO.

vii)               Rights and liabilities between the lessee (allottee) and sub-lessee will be determined amongst themselves and these will not be binding on RIICO in any manner. However such mutual rights and liabilities will have to conform to the rules and regulations of RIICO and terms and conditions of such allotment of land etc.

viii)              RIICO will not be answerable/ responsible for any dispute arising between lessee and sub-lessee.

3(Z).     ALLOTMENT OF LAND FOR DEVELOPING AFFORDABLE AND LOW COST GROUP HOUSING IN THE INDUSTRIAL AREAS.

 

1. Invitation for expression of interest

 

Expression of Interest for developing Affordable and Low Cost Group Housing Colonies will be invited for the land allotment . The land will be allotted to eligible applicants as per the Policy of the Corporation i.e. Policy for land allotment for development of Affordable and Low Cost Group Housing.

 

2.   Format for the land and other broad details:

 

 

S. No.

Location / Industrial Area

Land Area available (In Acres)

Reserve Price Rate / Sq. Mtr.

Concerned Offices

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3. Application Criteria:

 

Ø      A Company engaged in the Business of Infrastructure Development with a minimum experience of 3 years in the same.

Ø      Preference will be given to applicants who have developed Group Housing for other Government Agencies in any State.

Ø      The average annual turnover of the Company should be of Rs. 200 Crores .

Ø       

 4. Applicants to submit proposal including:

 

Ø      Concept Plan.

Ø      Proof of Financial Soundness, capacity to execute.

Ø      Means of financing, implementation schedule.

Ø      Experience in the field of infrastructure / urban development.

Ø      Last 3 years Balance Sheet copies.

 

5.    Procedure of Land Allotment:

 

Ø      All applicants would be adjudged on the basis of their application and their eligibility for the Project.

Ø      Only the technically approved candidates passing the eligibility criteria, as mentioned in Clause (3) and (4), above, will be invited to give a Presentation on their Project / Development Plan.

 

6.    Project Implementation Period:

 

    The project will be completed within a period of three years from the date of possession or execution of lease deed, whichever is earlier. Completion of the project means that construction of the flatted complex ready for the use by achieving atleast 20% of the permitted FAR.

 

 

7.  Building Guidelines:

 

 

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8. Payment Terms:

 

Ø      An earnest Money @ 2% 0f the total cost of the land to be submitted along with the application. The same will be refunded interest-free to the applicants who do not pass the eligibility criteria.

Ø      Eligible applicants will be required to deposit before making the presentation, 10% of the total land cost (after adjusting the earnest money).

Ø      All money's paid by the rejected applicants will be refunded interest-free.

Ø      The money's paid by the selected /approved applicants will be adjusted in final payment to be made by them.

Ø      After the in principle approval, selected applicants will be required to deposit 25% of the cost of land within 30 days of the approval (LOI of the same will be issued).

Ø      Balance 75% will be deposited by the selected applicants within 90 days of the allotment letter issued (after adjusting the earnest money and 10% paid). The possession of land will be given after receipt of 100% payment.

Ø      No payment will be allowed in instalments.

Ø      In case of any default by the selected applicants, all amounts already paid, shall be forfeited.

 

 

9. Development Details:

 

Ø      The selected applicants would be required to develop the Affordable and Low Cost Group Housing as per the guidelines mentioned in Affordable Housing Policy 2009 of the State Government

Ø      The work can be started by the developer immediately on receiving the possession of the land.

Ø      Sanctioning of Plans would be on self certification basis, duly approved by the Govt. Recognized Chartered Engineers.

Ø      Sewage, water and electricity connection shall be facilitated by the Corporation as per the existing policies.

Ø      Clearance from Fire, Environment and Airport Authority of India (If required) shall be taken by the developers directly. However, any assistance support required on the same will be provided.

 

10. Application Forms:

 

To be submitted at the unit office. Selection of the builder by the Committee of HO headed by the MD.

 

11. Subleasing of the built- up space :

 

The builder will have the freedom of sub-leasing the built up dwelling units and other built up space created for the supportive use on the following terms & conditions:

 

i.         No separate permission/charges for sub-leasing the built up space will be required.

 

ii.         Building construction of the Flatted Complex will be done as per the RIICO Buildings Parameters related to the Group Housing. The Complex may also house commercial, recreational, facilities for sub-leasing to the extent permitted in RIICO building parameters related to the Group Housing.

 

iii.      Sub-lease period will not exceed the remaining period available to the original plot allottee.

 

iv.     It is primarily the land allottee / prime lessee who will be required to pay all dues / annual charges eg. Service Charges and Economic Rent etc. to RIICO. If the sub lessees are made to pay the above annual charges to RIICO then the allottee will put a condition to this effect in the sublease. Without such condition the sublease will not be treated as valid. A suitable provision / clause regulating the above arrangement will also be inserted in the lease deed to be executed with the land allottee.

 

v.       Common facility area will be maintained by the developer or through any agency approved by it, for which the developer may levy suitable charges on the users.

 

vi.     Lessor (RIICO) will provide only outer infrastructure as per the development scheme of the concerned industrial area. Internal development of the Complex will be the sole responsibility of the allottee / lessee as per plans approved by RIICO.

 

vii.    Rights and liabilities between the lessee (allottee) and sub-lessee will be determined amongst themselves and these will not be binding on RIICO in any manner. However such mutual rights and liabilities will have to conform to the rules and regulations of RIICO and terms and conditions of such allotment of land etc.

 

viii.        RIICO will not be answerable/ responsible for any dispute arising between lessee and sub-lessee.

 

 

(inserted as per approval by the BOD vide item 18 of its meeting held on 19.3.2010)

3(AA)     Allotment of Land at concessional rates for setting up of training centres/ institutes, to the Societies, Trusts,  Non Profit Earning Companies (Companies registered under Section 25 of Companies Act) and also to the State/Central Government Organizations.

 

Land measuring upto 4000 sq. mtr maximum, can be allotted to the specific applicants for setting up of a training centre/ institute as under:-

 

a)            The land for the above purpose will be allotted to the Societies, Trusts, Non profit earning Companies or to the State/Central Government Organizations only having objective to impart training for promoting skill of their members, having facility of Training Hall, Library, Mini Test Laboratory, Audiovisual Auditorium, Computer Training etc.

 

b)      Initial 1000 sqm. land will be allotted @ 25% of the prevailing rate of development charges of the industrial area concerned and land over and above 1000 sq. mtr will be allotted @ 50% of the prevailing rate of development charges of the industrial area concerned. 

 

c)      The allotment will be made with the specific condition that the allottee  will commence construction within a period of 6 months,  and will make the training institute functional within a period of 2 years from the date of the land allotment after completing the requisite quantum of construction.   General provisions of the RIICO Disposal of Land Rules, 1979 will also be applicable to such allotments.

 

d)      The allotment of land will be made on non transferable basis and any subsequent request for change in land use will not be entertained

 

e)      In the eventuality the allottee not adhering to the time schedule prescribed as above for setting up of the centre/institute, the Corporation will be at liberty to cancel the allotment and accordingly, the  land will get reverted back to the Corporation.

 

f)       The Managing Director is authorized to approve the allotment of the land for such Training Centers/ institutes on merits of each case.

         ( Inserted as per approval of the IDC vide item no. 5 of its meeting held on 18.10.2010)

 

 

  Note:

 

All such cases for allotment of industrial, other than industrial (Commercial) and residential plots in any industrial area at a rate below prevailing rate of development charges in the industrial area would be placed before IDC for decision. However this would not apply to the land for public purposes where the existing rules provide for allotment at token/ nominal charges. (Inserted as per IDC decision taken vide item 11 on 25.04.2005)