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Indian Real Estate News
Hidco identifies 16 unused plots
Source: The Times of India Jan 15, 2014
Hidco identifies 16 unused plots

The Times Of India

The Housing Infrastructure Development Corporation (Hidco) has identified 16 non-residential plot allottees in Rajarhat New Town who have yet to utilize their plots that were allotted in 2009 or earlier. The Kolkata government had earlier decided that no plot could be kept idle for more than six months after being allotted. Hidco authorities are now working out the process to impose a late fee of 10% of the total cost as penalty for each year of delay to these 16 identified plot allottees. This would be in addition to any other legal steps that the authorities may chalk out.

The authorities had decided in its last board meeting that plots meant for commercial purposes that were lying unutilized for five years or more would have to pay late fees of 10% of the total land cost paid for each year of delay in starting off work. Accordingly, a committee headed by the chief architect of New Town Kolkata Development Authority (NKDA) was formed to review the physical status of all such plots in the township by conducting a field surveys. The committee recently submitted a detailed report that mentions that construction or pre-construction activities have already started in most of such commercial plots allotted in 2009 or earlier. However, the report mentioned that there were some plots where no activity has taken place even though the plots were handed over in 2009 or earlier and sixteen such plots have been identified for taking action in the first phase. Several plots have been allotted to private organizations in the township for commercial purpose like schools, colleges, hospitals and other institutes.

Earlier, Hidco authorities had sent notices to several such plot owners seeking an explanation for the delay in utilizing the allotted plots. Officials said that some of the plot owners had sent replies that were very unconvincing.

Hidco authorities have already decided that all plots in the township will be given on a lease of 99 years only. This was done to retain the ownership of plots in the township so that the authorities can have more control in its hand in case of taking any legal action.
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