NEW DELHI: In a bid to provide relief to small and medium industrial units in the national capital, lieutenant governor VK Saxena has extended the Conversion Scheme 2005 to industrial plots, Raj Niwas said on Saturday.
The LG has granted an ‘in principle’ approval to the proposal for the extension subject to several conditions, it added.
The move will pave way for conversion of industrial plots that were allotted by DSIIDC under Relocation Scheme of 1998 from leasehold to freehold, it said in a statement.
The decision will directly benefit nearly 22,000 industrial units or plots that were relocated by DSIIDC way back in 2000-2001, according to the statement.
The move addresses a long-pending demand of Delhi-based entrepreneurs, who were not allowed to sell or transfer these plots.
“As reported by DSIIDC under the scheme, a total of 21,759 plots have been allotted in various industrial areas till now on leasehold basis which categorically prohibits the sale/purchase and transfer of these plots,” the LG noted on the file, the statement said.
According to it, the conversion will be allowed only in case of the industrial plots which are in the possession of the original allottee, and where the construction of the building has been completed.
The scheme will also be applicable only to those industrial plots where the original allottee has closed his industrial unit in the non-conforming area as envisaged in the scheme framed in compliance to the Supreme Court’s directions.
The outward limit of closing the industrial unit in non-confirming areas is set as March 31, 2025, beyond which no further extension shall be provided, the statement said.
Furthermore, allottees is required to clear the payment of due conversion charges/fees to avail the facility. No remission or rebate whatsoever shall be provided in any case of conversion, it said.
