Rajasthan: RIICO Eases Land Norms, Risks Revenue Losses
Representative image created by AI JAIPUR: In a significant policy update, the Rajasthan State Industrial Development and Investment Corporation (RIICO) has revised land use regulations for industrial zones, implementing major changes to the Disposal of Land Rules from 1979. The amendment, issued on Friday, enables the conversion of industrial plots into commercial, residential, institutional, and mixed-use categories, subject to new charges and procedures. The new framework facilitates the transition of one authorized land-use type to another, representing a notable change in the planning and utilization of industrial land. Under these updated guidelines, changing industrial plots to commercial use will incur…