CHANDIGARH, Feb. 15 -- PUNJAB Govt. has decided to allow extension in time period to the defaulter allottees of industrial plots developed by PSIEC in different focal points in the state for the commencement of construction and production after the expiry of original stipulated and last extended period.
Disclosing this Sunder Sham Arora, Industry & Commerce Minister said that all defaulter industrial plot holders of different focal points developed by PSIEC in state have been allowed an extension in time period for commencement of production up to the period 30 September, 2020.
This extension in time period shall be allowed on payment of extension fee chargeable per year @ 1% of the current reserve price of the plot fixed by the corporati...