Earlier, the allotment had been done on freehold basis. But as per the administration, all allotments in the future will now be on leasehold basis.

These new rates are for allotment on leasehold basis (which are 50 per cent over and above the present rates on freehold basis) with the allottee liable to pay 2.5 per cent of the allotment rate every year as Annual Ground Rent for first 33 years, 3.5 per cent for the next 33 years and 5 per cent for the next 33 years.

Further, the Allotment Rules in IT Park have been synchronised with the recently introduced Chandigarh Estate Rules, 2007, as per which the allottee will be liable to pay 25 per cent on allotment and the remaining 75 per cent within 90 days of the date of allotment.

The possession will be given only to those allottees who have paid the full and final payment. As per the new rules, the initial lease will be for 33 years, extendable for another 33 years twice, making it as a total lease for 99 years. All sites allotted will not be allowed to be transferred before 15 years from the date of allotment.

With these amendments to the Chandigarh Technology Park Rules, 2006, and revision of allotment rates, decks are cleared for future allotment of land in RGCTP.