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Creation of land bank:

- Suitable Government land identified at potential locations

- Government land transferred to Tourism Department at no cost to establish tourism projects.

- Total station survey, mapping and seemankan (demarcation) is done

- Land profile is created, land use for specific tourism projects is fixed

- Land is included in land bank

- At present about 850 hectares land bank of 144 land parcels has been created

 

Allotment Process:

- M.P. Tourism Board is made Process Manager for allotment of land to private investors

- Approval for bidding & bid document is obtained from Department

- Minimum reserve price per hectare is fixed at INR 10.00 lakhs for Urban and INR 5.00 lakhs for rural areas by the Government

- Online tendering is done on government procurement portal

- Technical bids are examined by a Committee comprising of Director (Investment Promotion), Dy. Director (Finance), Chartered Accountant and Commercial Consultant of the Board

- Financial Bid is opened and examined by a Committee comprising of MD Tourism Board, Accounts Officer of Commissioner (Tourism office), Director (Investment Promotion), Chartered Accountant and Commercial Consultant of the Board

- Department’s approval is obtained on the report of evaluation committee and letter of allotment (LOA) is issued to the highest bidder

- Successful bidder has to deposit the upfront premium within 90 days, produce required performance security (Bank Guarantee) and execute the lease deed

- Land registry is exempted from stamp duty and registration charges

- After registration, possession is handed over to the successful bidder

 

Major terms & conditions of the lease deed.

- Time line for setting up the projects is fixed from 1.5 years to 4 years

- Allottee has to submit a time bound project execution plan with financial and physical milestones

- Lease period is 90 years extendable for further 30 years

- Annual lease rent is 1% of the upfront premium

- Land can be mortgaged to avail loans from Banks/FIs and can be transferred to other operator if sold to other entity by Bank/FI for loan recovery

- Share holding pattern may be changed after starting operation of the project

- Provision to surrender the land within 3 years on deduction of 10% of the premium per year

For more info please follow below link:

http://tourism.mp.gov.in/mptbproperty/Modules/Info/Frm_ViewAllProperty.aspx