Udaipur, March 17, 2025: A scheme for the direct allotment of industrial plots at their reserve price has been announced in the industrial zones designated by RIICO for investors, who have signed Memorandum of Understanding (MoUs) with the state government. Businesses who have signed an MoU for investment with the state government during the Rising Rajasthan Global Investment Summit -2024 up until the implementation date of this policy, and whose land allotment applications are pending on the Rajinvest portal of Rajasthan at the time of the online application, are eligible to apply for this scheme.

132 industrial plots in 3 RIICO zones of Udaipur

A total of 6,936 industrial plots are on offer for allocation across 98 RIICO industrial areas in the state. Ajay Pandya, Senior Deputy General Manager and Unit Incharge of RIICO, mentioned that 132 industrial plots are ready for allotment in three RIICO industrial areas situated in Udaipur district. There are 12 industrial plots up for allocation in Kaladwas Extension of Girwa Tehsil, 68 plots available in Aamli of Mavli tehsil, and 52 industrial plots ready for allotment in the Shriram Janaki Industrial Area Mal Ki Tous of Vallabhnagar.

Apply till March 28

The application process for land allotment to investors who have entered into MoUs under the Rising Rajasthan initiative commenced on March 17. Applicants must submit their request online, along with the project report, by March 28. Those eligible can apply via RIICO's website www.riico.co.in, www.riico.rajasthan.gov.in, SSOrajasthan.gov.in, or riicogis.rajasthan.gov.in/riicogiscitizen. As part of the application process, candidates are required to deposit 5 percent of the total premium amount for the plot into RIICO's bank account through online payment at the time of application. An e-lottery is scheduled for April 3 for plots that receive multiple applications.

Conditions prescribed for allotment of plots

Pandya indicated that according to the specified conditions for land allocation, commercial operations must commence within two years from the date of possession transfer of the allocated land, or deemed possession for projects not requiring environmental clearance. For projects needing environmental approval, this timeframe extends to three years. Moreover, allottees must adhere to intermediate steps prior to initiating production on the designated land. To qualify as being in commercial production, at least 30 percent of the plot area or 30 percent of the allowable built-up area ratio must be developed, and 75 percent of the costs indicated for building construction and plant machinery from the project report submitted with the land application must be permanently invested during production within the set or extended time frame. The transfer of any vacant or unused land within the allotted plot is prohibited. Subdividing the allocated plot is also not permitted. If an allottee decides to return the land to RIICO, a deduction of 5 percent of the premium paid for the land and any remaining charges will apply, with the balance refunded. If the allocated plot is canceled, a deduction of 10 percent of the premium amount deposited by the allottee will occur.

Rising Rajasthan

Rs 35 Lakh Crore worth of MoUs were executed at the Rising Rajasthan Summity that was organised by the state government from 9-11 December 2024. Representatives from more than 32 countries participated in the summit. The "Direct Land Allotment Scheme" has been initiated in line with the governments commitment to work with full transparency and speed in order to encourage investment in the industrial sector in the state.