Conversion from Shed to Plot
PICTCL was allotted 289 acres land in Phase-VIll, Industrial Area, Mohali in 1977-78 for development of Industrial Estate exclusively for Electronic Industry. Besides industrial plots of various sizes the Estate consists of 44 built-up asbestos roofed sheds (24 measuring 450 sq. yds.and 20 measuring 1000 sq.yds)..
The asbestos roofed sheds were constructed in 1977-78 primarily for the electronic manufacturing industry and ancillary units. With the passage of time the condition of the sheds has deteriorated and many of them are in dilapidated condition and are no longer fit for such high-tech industry.
Keeping in view the above, the Shed owners are permitted to raise fresh structure, at their own cost, after demolishing the existing sheds in ELTOP, Phase-VIII, Industrial Area, Mohali subject to payment of conversion charges at the rate of 10% of the current reserve price plus applicable Service Tax with FAR 1.0.