PANJIM: In a bid to encourage industrial growth, Goa Industrial Development Corporation (IDC) has brought in uniformity in lease rents and slashed the penalty and interest charged to lessees.
The IDC Board, under the chairmanship of Glen Ticlo on Wednesday, decided to rationalise the lease rent which will benefit a large number of units. IDC managing director Narayan Gad said there is currently no uniformity in charging lease rent.
“At present there are five to six parameters on which annual lease rent is charged to units. For example some units are charged at 1 percent on premium amount while some are charged 2 percent with increase of 10 percent every three years,” Gad said.
The Board decided to charge lease rent at Rs eight per sq mtr to all units having a plot area up to 2000 sq mtrs, while units between 2001 sq mtrs to 5000 sq mtrs would be charged Rs 16 per sq mtr. For units having an area between 5001 and 10,000 sq mtrs the lease rent would be Rs 24 per sq mtr and units having area of more than 10,000 sq mtrs will be charged Rs 32 per sq mtr.
“This rationalisation of lease rent would benefit a large number of units having area up to 2000sq mtrs,” Gad said.
The Board also decided to slash the penal interest charged to defaulting units from 15 percent per annum to 11 percent per annum. Also, interest on land premium has been slashed from 11 percent per annum to 10 percent per annum.
