The allotment of land/Industrial plots/sheds and flats shall be on lease basis for a period of 90 years.
The rent charged for the period of lease shall be invested in maintenace of the facilites in the industrial estate. In case of lands outside the incustrial estates, where no maintenance is required to be done by any Governmental agency, only a nominal lease rent shall be chargeable if the entgire expenditure on the cost of land has been incurred by the promoter.
Premium rates shall be notified by the Government from time to time and shall not change after land has been allotted to the promoter and a lease deed sgined by him after paying the amount of premium.
Land allotted on lease shall be transferable subject to some stipulations and also subject to the condition that the transferee shall not use the land for purposes other than setting up or running another industrial unit in the area with due clearance from the angle of pollution etc.