i. The allotment share of developed land to the land owners shall be based on the market value of undeveloped land contributed by the landowners to the total cost of the project for the Development organization.

ii. The market value of undeveloped land contributed by the landowner shall be based on the report of an empanelled valuer in terms of the Policy dated 25.11.2021 of the State Government in the Revenue and Disaster Management Department, as amended from time to time. The valuation shall be estimated for the undeveloped land. Incidental value arising on account of the proposed development purpose shall be ignored.

In case, the landowner raises a dispute on valuation made by valuer, then the procedure as provided in clause 5 (ii) (b) and clause 5 (ii) (f) of the “policy of fixation of market rate of land in the state for all other departments of the government, Boards, Panchyati Raj institutions and Urban Local Bodies” dated 25.11.2021.

iii. The cost of development of the project by the Development organization shall include the internal development charges, the external development charges and infrastructure development charges. The internal development charges shall be based on the norms specified by the Development organization. The external development charges (EDC) and infrastructure development charges (IDC) shall be as per norms for the indicated development purpose as specified by the Director, Town & Country Planning. The norms shall be such as are in force on the date of intimation of approval of the project. In case the project is situated outside the controlled area for which norms for EDC and IDC have not been specified by the Director, Town & Country Planning, the norms as applicable to the nearest controlled area shall be applicable for the purpose.

iv. An interim annual support shall be provided to each landowner contributing land for the development project, as per Clause 21 of this policy. This cumulative interim support for all land owners for a period of three years shall be included in the total cost of the project.

v. Cost on account of stamp duty, conversion charges, scrutiny fees, registration fees and other statutory duties @8% of the total value of undeveloped land shall be included in the total cost of the project.

vi. Administrative charges to the extent of fifteen per cent of the cost of development and cumulative interim support shall be included in the total cost of the project by the Development Organization.

vii. The total cost of the project shall be the sum total of the value of undeveloped land contributed by all landowners, the cost of development, interim annual support and administrative charges.

viii. The allotment ratio of developed land to each landowner contributing land to the project shall be obtained by dividing the value of undeveloped land contributed by the landowner to the total cost of the project for the Development organization. This allotment ratio for each landowner shall be multiplied by the equivalent saleable area in the land available for the project as per the approved layout plan and rounded off to the nearest per cent to arrive at the developed land for allotment to each landowner.

ix. The Development organization shall take up only those projects where the allotment share of developed lands to land owners is not more than 60% of the equivalent saleable area of the project. In case, when the allotment share of land owners goes below 30% of the equivalent saleable area of the project, the land owners together will be eligible for allotment of minimum 30% of the equivalent saleable area of the project.

x. The Development Organisation shall publish on its website, the allotment share of developed land available to each land owner offering land for the project for the specified development purpose. The land owner or the aggregator, as the case may be, shall provide his/her consent to the allotment share within a period of 15 days from the date of publication on the website of the Development Organisation. For the purpose, the Development Organisation shall issue an advertisement in four leading newspapers informing land owners of the publication of allotment share details on their website and requiring them to submit their consent in 15 days.

The above allotment provision can be explained in Annexure-A by way of the illustration for a 50-acre project for plotted residential development in a hyper potential area.