Concessional pricing sparks renewed interest in underutilised industrial zones.

RIICO Draws Nearly 800 Applications for 465 Industrial Plots Worth ₹550 Crore.

The Rajasthan State Industrial Development and Investment Corporation (RIICO) has received close to 800 applications for 465 industrial plots spread over nearly 294 acres, with a total estimated value of around ₹550 crore. These plots are being offered under RIICO’s direct allotment scheme for MoU holders from the Rising Rajasthan Investment Summit, reflecting strong investor interest. Officials said the highest response came from the Kankani Industrial Area, which alone attracted 267 applications. To improve occupancy in industrial areas that have remained underutilised, RIICO revised its flexible land lease and rental policy. Under the amended rules, plots in zones where less than 25% allotment was achieved even after two attempts are being offered at 60% of the prevailing rate or reserve price, whichever is higher. The impact of the policy change was evident in the ninth phase, where 25 applications were received for 22 plots at concessional rates, with the Ajaymeru Palra Extension seeing maximum demand. In the ongoing tenth phase, applications for such areas jumped sharply to 113, signalling rising confidence among investors.