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The recent approval of new regulations by the Kerala Cabinet represents a significant milestone in streamlining land ownership and title deed allocation within the state's industrial estates under the Directorate of Industries and Commerce. P. Rajeeve, the Industries Minister, emphasised that these changes cater to the persistent demands of entrepreneurs and aim to eliminate hurdles in transferring ownership and initiating new enterprises beyond the previously designated industrial ventures.
The amendments have brought about substantial modifications. Most notably, the requirement for the buyer to pay the difference in land price during land transfers has been eliminated. Previously, entrepreneurs faced limitations, being mandated to wait for three years after commencing production before being allowed to transfer land ownership. However, the updated regulations now permit land transfers three years post allotment, rather than post production. This move is aimed at expediting the often-prolonged land transfer processes.
These changes, sanctioned with the approval of the Revenue Department, are expected to streamline the title deed application process for District Collectors, effectively removing potential hindrances.
Previously, the nature of industrial undertakings was explicitly stated in the title deed form. However, under the new rules, entrepreneurs need only broadly categorise activities as industrial. This significant revision eliminates the need for title deed amendments if there are changes in the industry, effectively curtailing delays in such modifications.
In terms of historical context, title deeds in industrial estates were regulated by government notifications dating back to 1964. Additional orders in 1969 and 1970 facilitated land allotments on a hire-purchase basis in development zones and plots. However, these directives needed more support from the Land Assignment Act, leading to complexities in implementation.
Despite a 2020 order addressing these issues, District Collectors faced limitations in issuing titles. Consequently, the new land rules, aided by the Land Assignment Act of 1960, are aimed at rectifying these discrepancies.
In summary, these revised regulations represent a proactive response to long-standing demands. They aim to streamline bureaucratic procedures, reduce delays, and simplify the process of land transfer and ownership transitions within Kerala's industrial estates. The amendments align with the needs of entrepreneurs and are expected to facilitate smoother industrial ventures within the state.
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