Chandigarh industrialists are eagerly awaiting the notification permitting conversion of industrial plots from leasehold to freehold, which has been a long-pending demand.
The conversion could soon see the day of light as the four- member committee constituted to look into the demand to allow conversion has submitted its report, recommending the demand.
Director, Industries UT department,Vandana Disodia, who was part of the committee, said recommendations of the committee had been forwarded to the authorities and the final decision laid with them. She added once the notification permitting freehold of industrial plots was out, the administration stood to gain from the fees charged on conversion rates that could further be utilised to upgrade the infrastructure in the industrial area. The move is likely to benefit over 1,500 industrialists in the region.
It has been reliably learnt, the committee in its recommendation has suggested the conversion fee at Rs 10 per cent of the collector rate, which is Rs 30,000 as on date. While the conversion rate for original allotees of plots has been fixed at Rs 1,800 per sq yard, the conversion fee for General Power of Attorney (GPA) holders would be Rs 3,900 per sq yard.