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What is MIDC lease deedA MIDC lease deed is a legal document that formalizes the lease agreement between a company and the Maharashtra Industrial Development Corporation (MIDC) for an industrial plot. It outlines the rights and obligations of both parties for the leased land. Basic Documents required for a MIDC lease deed below: Application for Final Lease:This form need to submit to MIDC through …
PAP Plots, MIDC implements various schemes and policies to foster the growth and advantages of industries. To address the needs of industries, MIDC is developing various industrial areas, including MIDC PAP Plots, which are designated for industrial and commercial activities. MIDC PAP Plots are established through the acquisition of land from farmers and property holders. These plots, known as Project Affected People (PAP) plots, …
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data centers Navi Mumbai impacting on Industrial property Rates has become a prime location for data centers in India. Data centers are essentially warehouses for computer systems and related components. They house critical IT infrastructure like servers, storage systems, and networking equipment. Facilities mentioned above are equipped with highly advanced security measures to ensure the utmost safety of sensitive information stored on servers. In …
The Building Completion Certificate (BCC) is a crucial document issued by the Special Planning Authority (SPA) of the Maharashtra Industrial Development Corporation (MIDC) for industrial, commercial, and residential plots. It verifies that construction adheres to approved plans and complies with building regulations.Obtaining a BCC for MIDC PlotsPlot Lease: MIDC grants plots for a 95-year lease.Development and BCC Timeline: Plot holders must develop their plots …
Required documents for acquiring a MIDC plot The required documents for acquiring a MIDC plot can vary depending on the specific allotment method and your eligibility. However, there’s a general list of common documents you might need: Proof of Business Registration:For companies: Incorporation Certificate (INC), Memorandum of Association (MOA), and Articles of Association (AOA).For partnership firms: Partnership Deed. Project Details:Detailed Project Report (DPR) outlining …
The best real estate broker goes beyond just finding properties. They act as a trusted advisor throughout the entire commercial leasing process. Here’s a breakdown of their key roles and responsibilities: Leadership and Management:Overseeing daily operations: They ensure the smooth running of the brokerage, including managing staff and resources.Recruiting and training agents: Top brokers build strong teams by identifying talented individuals and providing them …
APMC (Agricultural Produce Market Committee) markets are government-established market committees in India that play a crucial role in regulating the agricultural produce trade. These markets aim to protect the interests of farmers by providing a centralized marketplace and regulating the selling process, ensuring that farmers receive fair prices for their produce and preventing exploitation by intermediaries. In addition to this, APMCs establish and manage …
Understanding MIDC Transfer Charges What are MIDC Transfer Charges? When ownership of an industrial plot allocated by MIDC (Maharashtra Industrial Development Corporation) is transferred to another party, a transfer fee is levied by MIDC. This fee helps regulate industrial development within the corporation’s jurisdiction. Types of Transfers: There are two main types of MIDC plot transfers: Calculating Transfer Charges: The transfer fee amount depends …
Document required for Try party agreement. Here are the documents generally required for such a scenario: Mandatory Documents: Copy of registered Lease Deed: This proves your ownership or leasehold interest in the MIDC plot.Authorization letter for the applicant: If you appoint someone to act on your behalf, this letter authorizes them.Detail loan sanctioned letter by the financial institution: This specifies the loan amount and plot details.No Objection …
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