March 21, 2024: Haryana Chief Minister Nayab Saini, on March 15, 2024, announced two new one-time settlement schemes under the ‘Vivadon Ka Samadhan’ initiative aimed to boost business operations in the state, according to media reports. The schemes will provide the option to plot allottees for the settlement of dues and related legacy matters against plots (industrial, commercial, residential/group housing and institutional use) in respect of cost of plot and enhanced cost in industrial model townships and industrial estates of the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC), according to an official release.
According to Saini, the move highlights the government’s focus on protecting the interests of industrialists and entrepreneurs in the state. It will benefit over 1,000 allottees of industrial plots. More than Rs 150 crore will be recovered by HSIIDC. In addition, around 100 allottees of institutional, residential, commercial and group housing will benefit and over Rs 80 crore will be recovered by HSIIDC. As per official data, the total default amount as of January 2024 stood at Rs 330 crore on account of enhanced cost and plot cost. As part of the scheme, the HSIIDC offers a waiver of Rs 100 crore, the release stated.
All existing allottees of industrial plots/ sheds as well as commercial, institutional, residential or group housing plots or sites, who have been allotted plots and sites before January 1, 2021, can avail of the one-time settlement scheme.
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Harini is a content management professional with over 12 years of experience. She has contributed articles for various domains, including real estate, finance, health and travel insurance and e-governance. She has in-depth experience in writing well-researched articles on property trends, infrastructure, taxation, real estate projects and related topics. A Bachelor of Science with Honours in Physics, Harini prefers reading motivational books and keeping abreast of the latest developments in the real estate sector.
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