Land Details

01

SITE LAYOUT

02

LAND ALLOTMENT DETAILS PHASE -1

Total Land Acquired (Ist Phase) - 75acres

Allotable Area-57 acres

Details of Land allotted

Sl No: Name of the Project Extent acres
1 Biomedical Research cum Learning Centre by Kerala Veterinary and Animal Sciences University (K-VASU) 2.00
2 Institute of Advanced Virology by Kerala State Council for Science, Technology & Environment (KSCSTE) 5.00
3 Pharma Formulation Unit by Lividus Pharmaceuticals Pvt Ltd. 1.50
4 Innovation cum Incubation Hub 4.25
  Total  12.75 acres

Details of Land Earmarked

Sl No: Name of the Project Extent acres
1 Institute of Advanced Virology by Kerala State Council for Science, Technology & Environment (KSCSTE) 20.00
2 Medical Devices Park, Jointly established by Sree Chitra Institute for Medical Sciences and Technology (SCTIMST) and KSIDC 9.00
  Total  29.00 acres

Balance land Available – 15.25 acres

04

LAND ALLOTMENT GUIDELINES INCLUDING PRICING

Modalities of allotting plots in the Life Sciences Park:
  • The applicant shall submit "Application for Registration for allotment of Plots" in the prescribed form, duly filled in along with detailed project report and processing fee of Rs. 10,000 plus applicable service tax.
  • On scrutiny of the particulars furnished and if found eligible, an allotement letter will be issued, detailing about the lease premium payable and other terms and condi tions of plot allotment. The allottee is required to pay the prescribed lease premium, minimum 50%, within 90 days from the date of allotment
  • The lease period is for thirty years out of which the initial two years is Licence period. After paying the Lease premium, a Licence agreement will be executed thereafter the allottee will be permitted to enter in to the plot to commence construction activities.
  • After paying the lease premium in full and after completing the project implementation (within the licence period of two years), the allottee shall be entitled to get a lease on the property for the remaining 28 years (Nominal annual lease rent is payable for this period).
  • The lease premium of land at Life Sciences Park is Rs.373.70 lakhs per acre plus GST as applicable. As part of early bird scheme, KSIDC has reduced the lease premium by 50% for allotment of land to the initial ventures limited to 10 acres. The maximum land to be allotted for a single venture shall be limited to 5 acres. Therefore, the present lease premium of land is Rs 186.85 lakhs per acre (Excluding GST).
  • The allottee is permitted to mortgage the lease right on the plot for availing financial assistance from banks. During Licence period a tripartite agreement may be signed for this purpose.
  • "Application for Registration for allotment of Plots" in the prescribed form, (Form – A in Downloads given below ) duly filled in, along with a covering letter addressed to
Downloads