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Delhi News

The Economic Times

Delhi / The Economic Times

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KIADB to cancel industrial plot allotments over payment delays

Karnataka industries minister MB Patil has directed officials to enforce rules regarding industrial plot payments without delay. Entrepreneurs must pay 30% of the plot cost within one month of allotment to retain their plots. An additional month may be granted, but with 10% interest for any late payments. Patil has warned of actions against officials who do not comply with these requirements.

13 Oct 2026 8:33 pm