Terms & Conditions for online Industrial Plot/shed/FF shed allotment
- The allotment shall be made in accordance with the Industrial Policy of the State Government and Estate Management Procedure (EMP)/ Allotment Procedure of the Corporation, as amended from time to time. The applicant confirms that he has gone through the Industrial Policy of the State Government and the Estate Management Procedure (EMP)/ Allotment Procedure of HSIIDC and understood the provisions thereof and agrees to abide by the same.
- The application is required to be made by the applicant himself, in case of individual/proprietorship firm; by any partner, duly authorized by the other partners, in case of Partnership Firm/Limited Liability Partnership (LLP); by Director/authorized person, duly authorized by a resolution passed in the meeting of Board of Directors, in case of Company; main promoter, in case of joint applicants; Karta in case of HUF; Trustee, authorized by Board of Trustees in case of Trust; by the NRI/PIO, in case of application under NRI/PIO category.
- The allotment shall be made as per availability and the number of plots indicated in the advertisement/Web portal are tentative and may vary at the time of allotment.
- Size of the plots indicated is tentative and may vary at the time of allotment/possession.
- The plots are allotted on 'as is where is basis'.
- The applicant shall be required to maintain confidentiality of the assigned User ID and password and in the event of the same passing on to any third person, all risk and responsibility shall rest with the applicant.
- The registered E-mail ID of the applicant shall be used by HSIIDC for communicating with the applicant/allottee. Therefore, the applicant shall be required to maintain the registered E-mail ID on permanent basis/ update the changed E-mail ID with the Corporation.
- The applicant shall be required to provide correct information in the application form, project report and other documents and in case any information is found to be incorrect, at a later stage, allotment of the plot/shed shall be liable to be cancelled.
- The application shall be considered for allotment of plot/shed only after submission/uploading the required information/documents as well as after receipt of signed copy of the acknowledgement by the Corporation. Incomplete application shall be outrightly rejected.
- The applicant shall be required to produce the documents, as may be required by the Corporation, for verification from time to time.
- In case the applicant is found successful in allotment of plot/shed, upon issuance of Regular Letter of Allotment(RLA), the allottee shall be required to submit unconditional acceptance to the terms and conditions of allotment/RLA, deposit required amount towards allotment money and execute agreement with the Corporation within the specified period. Conditional acceptance shall not be entertained.
- In case of application under FDI category, atleast 33% of the project cost has to come from FDI route with the approval of the concerned authorities.
- In case of allotment under Prestigious Project/Mega Projects category, the allottee shall be required to complete the project with envisaged investment within the stipulated period failing which the allottee shall be liable to pay penalty as prescribed from time to time.
- The allotment rate mentioned in the RLA shall be tentative and in case of any enhancement in compensation that may be awarded by the Court(s) in any matter/cases arising out of the acquisition proceedings or any incidental or connected matter thereto shall be payable by the allottee as per demand raised by the HSIIDC. The enhancement shall be payable in cases of allotment through limited e-auction also.
- The use and utilization of plot/shed, time limits for commencement of production, completion of the project, extension therein, leasing/renting of built up space, transfer of the plot, change in constitution, mortgage of plot with any Bank/FI and other matters connected with the allotment/management of Industrial plot/shed shall be governed by the Provisions of Industrial Policy of the State Govt. and Estate Management Procedures, as amended from time to time.
- Violations of any terms and conditions of allotment, provisions of Industrial Policy, EMP or any rules/regulations framed by the State Government as well as HSIIDC or non-payment of dues, shall render the plot liable for resumption.
- The information/ documents furnished by the applicants shall be retained for a maximum period of four years from the date of decision of allotment committee in respect of unsuccessful applicants.
- Mere remittance of earnest money & processing fee(non-refundable) and submission of application shall not entitle the applicant for allotment of plot/shed/FF shed.
- All disputes shall be subject to jurisdiction of Panchkula, Haryana only.
- The Corporation reserves the right to add/amend/withdraw/modify any of the above terms and conditions at any stage without any notice. The decision of the Corporation in respect of all these will be final.
Terms of Payment
- 10% price of the plot/shed towards earnest money alongwith applicable processing fee(non-refundable) with application.
- 15% price of the plot/shed within 30 days from the date of issuance of Regular Letter of Allotment and
- Balance 75%, either in lump sum without interest, within 60 days from the date of issuance of Regular Letter of Allotment or in 8 equal half yearly installments. Interest @ 12% p.a. (or as amended from time to time) on the balance amount shall be payable alongwith the installment, from the date of offer of possession.
- The applicant shall be required to remit payment of earnest money and processing fee(non-refundable) through payment gateway/ system generated challan. Payment through any other mode shall not be accepted. In case the applicant is unsuccessful in allotment of plot, the refund of application money shall be made by crediting the same to the bank account of the applicant (maintained in India) registered with HSIIDC.
- Applications with part payment/short payment towards earnest money and processing fee(non-refundable) will not be accepted.
- The NRI/PIO applicants are required to deposit price of the plot (including earnest money) out of their NRE account in India or by way of their remittances from abroad. Payment by any other mode shall not be accepted. In case of refund of earnest money to the unsuccessful NRI/PIO applicant as well as refund of payments received towards the plot cost from NRI/PIO allottees, upon surrender/ cancellation/ resumption of plot/shed, the refund shall be made by the Corporation only in Indian Rupees and any risk of exchange rate fluctuation shall rest with the NRI/PIO applicants/allottees. The applicant/allottee shall be responsible for obtaining required approvals from Reserve Bank of India (RBI) / other authorities.