The Haryana government will allow use of plots for non-industrial purposes in industrial areas that had been developed prior to the enactment of Punjab Scheduled Roads and Controlled Areas (Restriction of Unregulated Development) 1963 Act.
A meeting of the state cabinet on Tuesday, chaired by chief minister Bhupinder Singh Hooda, also decided to transfer to HSIIDC all the industrial estates developed by the Industries Department. The estates developed by the Industries Department and the erstwhile Colonisation Department up to 1963 include Sonepat (148.50 acres in 1948-49, 6 acres in 1960-61), Karnal at Nilokheri (two acres and 2.66 acres, both in 1961-62), Narnaul (4.18 and 5 acres in 1963) Yamunanagar (322 acre, 1949), Bahadurgarh (107.30 acre, 1949-50) and Panipat (238 acre, 1949-50). The industrial estate developed by the Colonisation Department (Mandi Townships) include Sirsa (602.70 acre, 1958) and Fatehabad (192.77 acre, 1958).
The conversion of industrial plots for non-industrial use is permitted in these industrial estates of he state, if they would be used only for commercial, institutional and warehousing — and no conversion will be allowed for residential purpose.
The only exception is Sonepat Industrial Estate -- as a one-time measure for regularisation of the already residential uses.
The conversion rates in respect of applications received up to December 31, 2010 may be charged as per the notification dated September 14, 2006, whereas the conversion rates in respect of applications received on or after January 1, 2011, that is the date when the new industrial policy came in to effect, would be Rs 2000 per square meter in industrial estate Bahadurgarh, Sonepat and Panipat for commercial use and Rs 500 per square meter for institutional use.
Rs1600 per sq m will be charged as conversion rate for commercial use and Rs 400 per sq m for the institutional use in the industrial estate of Yamunanagar/Jagadhari. Rs 500 per sq m for commercial use and Rs 125 per sq m for institutional use will be charged in the industrial estate, Nilokheri, Narnaul, Sirsa and Fatehabad. Rs 200 per square meter will be charged for residential use as a one-time measure in Sonepat industrial estate.
Concerns are being expressed that the provision regarding the TRC would make it difficult for investors routing their funds from low-tax countries ...
Banks agree to settle for payment of 20 per cent of eligible loan liability by the government