HSIIDC takes several decisions for the convenience of industrialists in the State
Chandigarh July 22- The Board of Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) in its 364th meeting held under the Chairmanship of Principal Secretary to Chief Minister-cum-Chairman, HSIIDC Rajesh Khullar here today, took several decisions for the convenience of industrialists in the State including further simplifying the e-auction procedure for the allotment of industrial plots.
The Board approved a policy for allowing 10 percent additional Floor Area Ratio (FAR) for In-situ Housing of labor, within the unit of every allottee.
Many decisions were taken for the convenience of applicants for new plots. First, the standard e-auction time would be from 7.00 am to 9.00 pm. However, in case the auction is not concluded until 9.00 pm, the auction would resume at 7.00 am the next day. The H-1(highest) bidder shall now be given 10 minutes to book the plot. If he does not book the plot in the given time, the software would randomly allocate the plot in the next one minute. The subsequent round would start from the highest bid of H-2 bidder. If a no-bid situation arises the H-2 bidder shall be given 30 minutes to select his plot at his previous H-2 bid.
Round three would start from the highest bid of H-3 bidder in the first round or subsequent rounds, whichever is high. It was decided that Earnest Money Deposit (EMD) to be remitted at the time of registration would now be 5 percent of plot cost at the reserve price, as against 2 percent earlier. For the successful bidders to complete 10 percent payment time would be increased from 24 hours to 72 hours. Failing this 5 percent EMD deposited at the time of registration would be forfeited. However, all unsuccessful bidders would still be refunded their EMD amount within 24 hours.
To dissuade the non-serious bidders, it was decided that, if any successful bidder does not take his plot, he would be blacklisted for participation in future auctions of HSIIDC for one year in addition to forfeiture of his 5 percent EMD.
The Board also approved a policy for allowing 10 percent additional FAR for Industrial Housing labor, within the unit of the allottee on demand. The policy would be useful to those units in particular, who have already exhausted the available FAR. The facility would be provided on payment of proportionate augmentation charges and after getting the Zoning or Building plans revised. As per the policy, the allottee of plots up to 5 acres could avail the 10 percent additional FAR through self-certification.
Earlier, Director IIM, Rohtak Prof. Dheeraj Sharma made a presentation on the alternate methods of sale of industrial plots, on the basis of feedback of entrepreneurs. The proposal involved offering land at a nominal upfront payment and deferred payment basis. The Board constituted a Committee under the Chairmanship of Prof. Dheeraj Sharma with Executive Director, Chief Finance Officer and Company Secretary of HSIIDC as its members to work out more options for allotment of land including lease basis, hire purchase basis, to encourage small entrepreneurs.
Among those present in the meeting included Principal Secretary, Industries Mr A.K Singh, Managing Director, HSIIDC Mr Anurag Agarwal, Director, Industries and Commerce Dr Saket Kumar, Director, Town and Country Planning Mr K. Makarand Pandurang and other senior officers of HSIIDC.