Sunday, September 11, 2016

HSIIDC online applications for allotment of industrial plots in unsaturated estates

CHANDIGARH, SEPT 11
Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has invited online applications for allotment of industrial plots in unsaturated estates. These applications are to be submitted by October 30, 2016.
        While stating this here today, a spokesman of  the HSIIDC said that these plots were available at Industrial Model Township (IMT)  Faridabad, IMT Bawal Phase II,III and IV,Industrial Estate Panipat, Narwana, Barhi Phase III and Rai, IT Park Panchkula, Informal Sector Narnaul and Industrial Estate Kundli. He said that more details of plots offered were available on the website www.hsiidc.org.in.
        He said that transparent procedure  would be followed for allotment of industrial plots. The criteria would include justification of land requirement with value of land preferably not to exceed 60 per cent of total fixed capital investment. Investment in machinery should not be less than 20 per cent of total fixed capital investment, and the project proposed should fall under the permissible activity. He said that e-Auction mode would be followed in case number of applications received for a particular size is more than the number of plots.
        He said that minimum investment criteria has been fixed under Prestigious Project, including Land, Building, Plant and Machinery and MFA. The minimum investment criteria has been fixed as Rs 50 crore for category estate ‘A’; Rs 40 crore for category estate ‘B’ and Rs 30 crore for category estate ‘C’.
        He said that reduction in rate of interest on plot cost from 12 per cent to 11 per cent would be offered. No enhancement would be charged after issue of Regular Letter of Allotment. Permissions would not be required for mortgage of plots or self-certification of building plans and Occupation Certificate. Apart from this, norms have been relaxed to provide reduction in minimum construction norms. New provisions include no forfeiture of interest or penal interest on the surrender or resumption of plot, he added.
        He said that allotment of industrial plots would be carried out as per procedure provided in EMP-2015, amended from time to time. Applicants would have to register at e-Governance portal of HSIIDC, fill the online application form, upload requisite documents and remit prescribed application money as per prescribed procedure and submit the application. He said that 10 per cent of the earnest money would be remitted at the tentative rates mentioned on the website. However, the allotment would be made at the allotment rate applicable at the time of issue of Regular Letter of Allotment. In case any applicant desires any particular plot, he may indicate so in his application. Further details have been made available at websites www.hsiidc.org.in and www.hsiidcesewa.org.in, he added.

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