The Kerala Cabinet on Wednesday approved new rules for allocating title deeds and for simplifying transfer of land ownership in industrial estates under the Directorate of Industries and Commerce. Industries Minister P. Rajeeve said that the changes were made as per the demands entrepreneurs have been making for decades. The new rules will remove the existing hurdles in transfer of ownership and starting new enterprises instead of the originally designated industrial enterprises.
Delays reduced
As per the changes, the requirement during land transfer for the person purchasing the land to pay the difference in land price, has been done away with. As per the existing rules, the entrepreneur can transfer the land only after three years after the start of production, while the changed rules allow land transfer after three years of allotment. Both these steps are expected to reduce the long delays in land transfer.
