RIICO’s new policy to curb industry land grabs

by Paul Joseph on February 6, 2013 · 0 comments

JAIPUR: In a move that may put an end to land grabbing by industry, Rajasthan State Industrial Development and Investment Corporation (RIICO) has brought in sweeping changes to its land disposal rules that aim at attracting only serious and genuine investors. With the new land allotment policy in p lace, investors now need to cough up the entire cost within four months of getting land in possession instead of the five years during which they used to pay the money on installments. Earlier, non-serious companies — with the advantage of not having to pay the entire money — would wait for land prices to rise and then sell to other

[via India Properties – Real Estate India – Indian Property News Site]

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