Now, select firms to get KIADB lands on lease-cum-sale basis

Now, select firms to get KIADB lands on lease-cum-sale basis

Now, select firms to get KIADB lands on lease-cum-sale basis

In an effort to woo investors, the state Cabinet on Wednesday decided to allow allotment of Karnataka Industrial Areas Development Board (KIADB) lands on lease-cum-sale basis for single unit complexes, affordable housing projects and projects undertaken by public sector undertakings.

Entrepreneurs who obtain direct consent from farmers for purchasing the land to set up single unit projects will be allowed to hold the land on lease-cum-sale basis for 15 years. The absolute sale deed will be issued after 15 years if the project is completed. For affordable housing, the sale deed will be issued soon after completion of the project, as per the new rules.

Currently, land is allotted only on 99-year lease to all industrial projects. The government will soon amend the Karnataka Industrial Policy, 2014-19 to allow allotment of lands on lease-cum-sale basis. The decision will have retrospective effect from August 2014 when the 99-year lease rules come into effect, Law and Parliamentary Affairs Minister T B Jayachandra told reporters after the Cabinet meeting.

Besides, KIADB will allot lands for projects undertaken by state and Central public sector undertakings and joint venture between them on lease-cum-sale deed. “PSUs and SPVs (special purpose vehicles) set up jointly by the state and the Centre such as Bangalore Metro Rail Corporation Ltd had been requesting the government to issue sale deed for land alloted to them. Besides, housing projects cannot be implemented unless sale deed is issued to the land,” he said.

The state government used to allot KIADB lands on lease-cum-sale deed basis till 2014.
The Cabinet also approved a proposal to prepare a new health policy for the state. The Health and Family Welfare department will prepare the policy based on Millennium Development and Sustainable Goals, which envisages use of technology in public healthcare delivery, he said.

The Cabinet decided to take up construction of court complexes and residential quarters for judicial employees in various parts of the state at a cost of Rs 1,011.07 crore. The Centre was supposed to bear 60% cost of the total Rs 1,011.07 crore  under the 13th Finance Commission. But, there is no indication of it releasing the money. Hence, it has been decided that the state will implement the project using its own resources, Jayachandra added.
DH News Service


Other Cabinet decisions
Direct recruitment of 1,900 assistant engineers and junior engineers under Water Resources department.

Allot 4,182 sq ft ‘G’ category site to Banjara Lambani Samaja in Davangere at concessional rate.

Grant 19 acres on lease basis to International Pali, Sanskrit and Comparative Philosophy Trust at Kusnoor in Kalaburagi.

Allow direct purchase of 353 acres for setting up RDPR university in Gadag district.

‘Gift’ for poll-bound Nanjangud
The Cabinet approved a Rs 45-crore project to fill up 25 lakes using the Kabini river water in Nanjangud taluk of Mysuru district. The project is seen as an effort by the ruling Congress to woo the electorate ahead of byelection to the Nanjangud Assembly constituency. The Election Commission of India is yet announce the byelection date.