Modifications on land disposal regulations for industrial land


The Land Disposal Regulations (Land Disposal Regulations) of KINFRA and KSIDC have been revised. The amendments aim to create a more industry-friendly environment and attract more investments. Big investors will now have to pay only ten percent of the lease amount in the first year. All investors will be allotted land for a period of 60 years. For investments above Rs 100 crore, the land will be allotted for a tenure of up to 90 years.
In the event of the death of the allottee or disruption of the project, provisions have been made for the regularization of transfer to legal heirs at no extra cost. The built-up space constructed by the land acquirer may be sub-leased to another operator for logistics operations and sub-leasing of warehouse facilities for a period not exceeding the original lease period. For more details.

 06-08-2024
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