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:

         *    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.