Stating this here today, a department spokesman said as per provision of Rule- 24 of the Town Improvement Trust Land Disposal Rules, 1976, the allottee of a plot is required to complete the building within the prescribed period, to be fixed by the Trust in each scheme or extended period and or in accordance with the conditions set forth in the agreement.
In case of failure, the security amount deposited by the plot holder shall be forfeited.
He said in the absence of such comprehensive and uniform policy in the state, the extension cases are generally pending for decision, resulting not only in revenue loss to the Trusts, but also harassment to the allottees.
In case the period of construction has expired before October, 2013, the allottee of a residential plot in the schemes developed by an Improvement Trust, who has failed to construct the building within the stipulated time limit would be, henceforth, allowed to construct the building subject to payment of extension fees/charges.