Karnataka recovers 85 industrial plots in three months
The Karnataka Industrial Areas Development Board (KIADB) has recovered 85 plots that were allotted to investors but were not put to any use, some for more than a decade. Notice has been issued to 400 such investors so that the industrial land can be reallotted.
The investments which failed to take off include 15 mega projects, one of them being a steel plant. The size of plots recovered over the past three months ranges from 4,000 square metres to 32 acres. Allottees from whom land has been recovered have been paid 95% of the land cost.
For instance, a 4,004 sq m plot (no. 163(B1)) allotted to Risikavya industries in Belur Industrial Area of Dharwad on September 1, 2004, has remained unused and was recovered. Another plot (no. 15), measuring 32.39 acres, allotted to Opto infrastructure in Mysuru industrial area has also been recovered.
“We started issuing notices to allottees of such plots with directions to explain the reasons for keeping the land unused and later initiated punitive action against those who failed to give proper justification. This was done as a large chunk of land in the existing industrial estates has remained unused for the past many years. This is an impediment…to industrialization,” said former KIADB CEO Pankaj Pandey.
He said huge parcels of agricultural land were acquired from farmers and allotted to industrial investors so that they could play a vital role in industrial development with a focus on generating jobs. “But unfortunately, many have remained unutilized. Many allottees bought them with the sole objective of real estate investment and not for establishment of industrial units. There are even instances when the industrial plots, after being kept unused for years, were used for commercial purposes,” he said.
In about 30 cases, Pandey said, authorities decided not to take back the land because the allottees gave genuine reasons for delay. The remaining cases are still in the process of hearing. N Jayaram, the new CEO who took over from Pandey recently, said the drive would continue.