Policies
Retail outlets Policy – 2013 (Lease Hold Basis) — Amendment 1
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Policy Overview & Purpose
This is the official policy document for Retail outlets Policy – 2013 (Lease Hold Basis) — Amendment 1, issued under GMADA-Issued Policies with effective/notification date 05-07-2013.
It establishes the regulatory norms, administrative procedures, and governing guidelines applicable across the Greater Mohali Area Development Authority (GMADA) jurisdiction and allied planning areas.
Policy Guidelines & Content
Key Provisions & Notification Text
GREATER MOHALI AREA DEVELOPMENT AUTHORITY,
MOHALI
To
Estate Officer
GMADA, S.A.S. Nagar
No. GMADA/(Administration)/2013/16090
Dated: 5/7/2013
Subject: Amendment in the Policy with regard to allotment of sites
for Petrol Pump.
Reference: In continuation of this Office Letter No.41476 dated
19.11.2012
In the 15th meeting of Authority held on 28.05.2013, vide
Agenda Item No. 15.19, while carrying out amendment in the Policy
upon consideration of Policy with regard to Allotment of Petrol
Pump Sites, it has been decided that in future land will be allotted
to the Government Oil Companies for 15 years in sealed cover bid.
For bid reserved price for site has been kept as Rs.55/- per Sq.
Yard / month. Government Oil Companies, keeping in view the
potential of sale at each site submit their lease rate in the sealed
cover bid.
Amount of lease has to be deposited in the Office on first
date of each month. For the sites allotted after 01.04.2014, these
shall be increase of 5% each year in reserved price of lease. In the
event of non deposit of lease amount, compound interest @ 18%
shall be charged. Concerned Oil Company shall deposit an amount
equal to lease amount of year as a security. If Petrol Pump Site is
on State Highway or Scheduled Road then Lease amount will be
25% higher and if is on National Highway then amount of lease will
be 50% higher.
Out of total area of site, 10% area can be used for
(Full text available in the official 2-page PDF document attached below).
Document Information
- Document Title: Retail outlets Policy – 2013 (Lease Hold Basis) — Amendment 1
- Issuing Category: GMADA-Issued Policies
- Date of Notification / Listing: 05-07-2013
- Document Format: Official PDF (2 pages)
- Governing Body: Greater Mohali Area Development Authority / Department of Housing and Urban Development, Punjab