Plot Allotment Notification
Nov 06, 2018
Online Application for allotment of Industrial Plots at TMTP has to be submitted to KUM by visiting https://kum.karnataka.gov.in.
|SL.No.||NAME OF THE COMMITTEE||ACTION BY THE COMMITTEE|
|1||State Level Single Window Clearance Committee (SLSWCC)||To Examine and consider the proposals up to Rs.500 Crores.|
|2||State High Level Clearance Committee (SHLCC)||To Examine and consider the proposal above Rs.500 Crores.|
On approval project by the competent committee the Applicant needs to submit the following documents to KIADB along with an initial deposit of 30% of the land.
|SL. NO.||ON CLEARANCE OF THE PROJECT BY SLSWCC||TIME FRAME|
|1||Along with the application with relevant documents 30% initial deposit on Tentative land cost to be paid to KIADB||30 days from date of communication|
|2||Balance 70% (Land cost)||90 days from the date of allotment letter.|
|3||Obtaining Possession Certificate.||1 month after confirmation of allotment|
|4||Execution of Lease cum sale deed||Within one month from the date of Possession Certificate|
|5||Sanction of building plan||Within 6 months from date of execution of Lease cum sale deed|
|6||Completion of construction of the Industrial building, installation of Machinery and commencement of production||Within 36/60 months from the date of possession.|
To Apply for TMTP
Tumakuru Machine Tool Park (TMTP), is a Special Purpose Vehicle (SPV) of Government of India and Government of Karnataka.