3(X).
Policy for allotment of land for setting-up of Private Universities
i)
The Town Planning Cell would
plan / earmark a plot / chunk of 30 acres (minimum) of land in industrial area
after assessing potential of the area vis-a-vis setting up of private
universities. Land for setting-up of university would be planned as per the
availability of land and suitability of the place for the purpose. However,
while planning land for University(s) it may be a guiding factor to plan land
for technical and vocational institutions also nearby the university campus.
ii)
Land allotment
applications from the interested sponsoring bodies would be invited after
informing the plot availability in the area for the purpose, through a press
release in minimum two newspapers including one newspaper of national level.
iii)
The interested
sponsoring body would submit application along with keenness money of Rs. 5.00
lacs and letter of intent issued by the State Government. The keenness money
would be refunded without interest after commencement of functioning of the
University or the Corporation rejects application for land allotment. Otherwise
the keenness money would be forfeited.
iv) The land allotment will be made at the basic rate of the
concerned industrial area, allowing 35% up-front discount on the basic rate,
with a rider that the above mentioned rebate will be admissible upto 30 acres of
land area, which being the minimum land area requirement for such projects. In
other words, in those cases wherein land allotment is of more than 30 acres, the
above rebate will not be admissible for the land area exceeding 30 acres.
Moreover, no additional rebate will be admissible in such cases on any account
such as large sized investment rebate, cash down payment rebate etc.
v)
Wherever, RIICO develops dedicated industrial area for
institutions/universities alone without any allotment to industry in such area,
land could also be allotted on undeveloped basis at price worked out as cost of
land at current value plus 20% of cost of land at current value as
administrative charges.
vi)
Applications so received would
be placed before a Committee of Financial Advisor, GM (BP), Advisor (Infra) and
unit head, concerned under the Chairmanship of MD for approval of allotment.
vii)
On approval of allotment, 25%
development charges shall be deposited by the applicant within 30 days from the
date of issue of offer. However, keenness money would not be adjusted. Payment
of balance 75%development charges shall be made in the similar manner as in case
of industrial plot. Policy about time extension, levy of service charges and
economic rent would be at par with the policy applicable for industrial plots.
viii)
The sponsoring body should take
effective steps to the satisfaction of the State Government/RIICO within two
years of allotment, otherwise land allotment would be cancelled and keenness
money would be forfeited.
ix)
In the university campus
residential blocks including hostel etc. would be allowed covering land area
maximum of 5% of the allotted area as permitted to industrial unit set-up on
land area of 5 acres or more.
(Inserted as per IDC decision taken vide item 20 on 30.04.2007 and modified as per observation made by IDC
vide
item 2 of its meeting held on 24.7.2007)