Page 3 - Regulation 6 english law

Article-4-
First: The land allocated for housing projects within the basic design shall be
owned with a sale allowance of 10% of the land value provided that the investor
shall provide the project with infrastructure free of charge and allocate 10% of the
area allocated for housing project to the owner for investment purposes.
Second: Investor, developer, and secondary developer shall be granted allocated
lands for housing purposes that are outside the basic design free of charge
provided not adding the land value to the housing unit price sold to citizens, also,
investor shall provide the project with infrastructure free of charge and allocate
10% of the area allocated for housing project to the owner for investment
purposes.
Third:
A. Land allocated for industrial projects outside the basic design shall be owned for
5% of the actual value of the land.
B. Land allocated for industrial projects within the basic design shall be owned for
15% of the actual value of the land.
Article-5 –
The owner of the property or whoever has the right to dispose the real estate in
coordination with NIC to invest the lands and real estate allocated for investment
projects in accordance with the percentage of the estimated annual rent for each
one by the committees formed under Article 2 of this regulation, and as follows:
A. Required land to implement the project or housing projects or multipurpose
housing cities such as recreational, commercial, or services complex within
housing cities after apportionment, for a rent or long lease of 7% of the value of
the lease estimated at 10% of the real value of the land, provided that the investor
shall return the lands used for public such as parks, streets, and others to the
concerned government entities within 60 days from the date of completion of the
project for free.
B. Lands allocated for non-profit public services within housing complexes such as
police stations, fire brigades, and worship places are excepted form provisions of
paragraph A.