BR@ Bureau
The Rajasthan State Industrial Development and Investment Corporation (RIICO) has granted conditional approval to the Rajasthan Financial Corporation (RFC) for issuing No Objection Certificates (NOCs) to facilitate the sale of its allotted properties across multiple industrial regions in the state.
According to an official statement, RIICO has permitted RFC to proceed with the sale of properties located in key industrial areas including Banswara, Kota, Alwar, Jhunjhunu, Abu Road, Balotra, Jalore, and Bhiwadi.
Properties Allotted for Institutional Use
The properties were originally allotted by RIICO to RFC from time to time, either at concessional or prevailing rates, for the development of office buildings and residential quarters.
RFC had sought NOCs from RIICO to enable the sale of these plots, and approvals have now been granted in line with applicable rules and regulations.
No Additional Conditions for Market-Rate Allotments
RIICO clarified that for plots allotted at prevailing market rates, NOCs have been issued without any additional conditions, streamlining the process for property transactions.
The move is expected to facilitate asset monetisation by RFC while ensuring compliance with regulatory norms governing industrial land use in Rajasthan.
