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27 views

general-terms-and-conditions

Uploaded by

rajesh kothari
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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General terms/ and conditions:

(i) The plot will be used for the purpose it is auctioned i.e. commercial plots for commercial purposes, industrial
plots for industrial purposes and like wise.
(ii) The plot will be auctioned on 'as is where is' basis.
(iii) The bidders will be required to affix his passport size photograph with the bid document and will furnish identity
proof along with address proof which have legal sanctity/validity and universally accepted for such purposes. In
case the bidder is a legal entity i.e. Company, Trust, Society, the photograph of person authorized by the entity
be affixed.
(iv) Sealed bid/offers shall be opened on pre fixed date and time. However, there shall be minimum one hour's time
between receipt of sealed bids and opening of the bids in the presence of the bidders, if present.
(v) No limited auction between/ among the bidders shall be conducted.
(vi) Conditional offers shall not be accepted
(vii) Allotment of plot will be made to the highest bidder on lease hold basis. The highest bidder for industrial plot
will be required to submit the prescribed land allotment form along with project report and other related
documents for allotment of the plot.
(viii) The rate quoted by the highest bidder will be valid up-to the last day of the succeeding month i.e. by 30th or 31st
as the case may be.
(ix) The earnest money of the unsuccessful bidders will be refunded through cheque without any interest after
acceptance of the highest bid by the competent committee.
(x) The Corporation reserves full right to accept or reject any bid(s) without assigning any reason.
(xi) The physical possession of the plot shall be taken by the allottee within the time period specified in the rules. If
the allottee does not turn up for taking physical possession within the stipulated time period then the allotment
will be cancelled.
(xii) The allottee shall adhere the provisions of the Rajasthan Stamps and Registration Act. The registration charges
and stamp duty shall be borne by the allottee.
(xiii) The allottee shall abide by the terms & conditions of RIICO Disposal of Land Rules, 1979 and amendments
made therein from time to time.
(xiv) The allottee will follow the building regulations and parameters as prescribed for the particular use of the plot.

Terms and conditions of Payment:


(a) All the participants have to deposit 5% of the reserve price or Rs.25000/- , whichever is higher, in
cash/DD/banker's cheque payable in favour of RIICO Ltd., as earnest money before giving their sealed bid.
(b) The highest bidder, after approval of the bid, has to deposit 25% of the sale amount, after adjusting amount already
deposited as per (a) above, within 15 days from the date of intimation, otherwise amount deposited earlier (on
account of earnest money) shall be forfeited without giving any further notice.
(c) Balance75% amount shall be deposited by the allottee in installments including interest as prescribed by the
Corporation from time to time. However, the allottee may opt to deposit the balance 75 % amount within 60 days
from the date of issuance of firm allotment letter. In case of failure, amount as prescribed in the rules shall be
forfeited.
(d) All payment except (mentioned at 'a') above shall be accepted in cash/DD/banker's cheque/local cheques. Payment
through RTGS shall also be accepted. However, payment through local cheques will be subject to realization of
cheques and all the credit shall accordingly be passed on.

*********

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Annexure- 'A'
Rajasthan State Industrial Development & Investment Corporation
Limited
Unit Office: ...............................................
Affix
Pass port size
self attested
photograph
Bid Document
(Advertisement No. date: )

1. Name of Bidder(s) : .................................................................................


(ID proof to be enclosed)
2. Constitution of Bidder(s)
: .................................................................................

3. Postal address
:..................................................................................
(Address proof to be enclosed) ....................................................................................
....................................................................................
4. Details of Contact Numbers (Off.)............................. (Fax)....................................
(Resi)........................... . (STD Code).......................
(Mobile No.) .........................Email.............................
5. PAN No. : .................................................................................
(Copy to be enclosed)

6. Details of plot for which offer is


being submitted:
a. Name of Industrial area : ...............................................................................
b. Plot No. : ...............................................................................
c. Area : ...............................................................................
7. Type of plot (as per auction notice) : Industrial/Commercial/Residential/institutional
8. Reserve rate (Rs. per sqm) : ................................................................................
9. Rate offered by Bidder(s)(Rs. per sqm): (in Figure)...............................................................
(In Words)................................................................
10. Details of Earnest Money deposited : Instrument No.....................Name of Bank..............
Receipt No. .........Book No........Date .....................

I/we have read and understood all the terms and conditions of the auction before offering the bid and
shall abide by the terms and conditions.

Signature & Name of Bidder(s)


with seal (If required)
Date :
Place:

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