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Category Archives: Real Estate
What is ULC (Land Ceiling Act)
What is ULC (Land Ceiling Act)The Urban Land Ceiling Act (ULC Act) was introduced in India in 1976 with the objective of regulating the ownership of vacant land within urban areas. The primary aim of the act was to achieve a more equitable distribution of land andto discourage the accumulation of land by a select group of affluent individuals or entities. It established ceiling …
MIDC Mortgage consent documents Required
MIDC Mortgage consent documents Required Application for Grant of Permission for Mortgage:Lease Documents: Registered Lease Deed and any proof of registration.Loan Sanction Letter: A certified copy of the detailed loan sanction letter from bank, specifying theplot numberAmountDate and Bank Stamp with authority signature.3 Stamp paper Each Rs 100 for Try party agreement Other Documents: on a case-to-case basis, additional documents may be required.Certificate for …
What is MIDC lease deed?
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
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, …
Discover Premium Commercial Office Space at Kesar Soli...
Prime Location on Palm Beach Road Kesar Solitaire, located at Plot No. 5, Sector 19, Palm Beach Road, Sanpada, Navi Mumbai, Maharashtra 400705, offers a prestigious address for businesses. This commercial office space is strategically situated on Palm Beach Road, ensuring high visibility and easy accessibility. Impressive Building Structure Kesar Solitaire boasts a robust structure with 3 basements, a ground floor, and 27 additional …
Trusted Industrial property brokers in Mumbai: Midcwal...
Seeking a dependable and experienced partner for your industrial property search in Mumbai? Look no further than Midcwala Services Pvt. Ltd.! With a proven track record of success, Midcwala Services brings over 9 years of experience and a wealth of knowledge to the table. Their team has facilitated numerous successful industrial property transactions, exceeding a combined value of 600 Crore. Midcwala Services boasts a …
Data centers Navi Mumbai & Price impact
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 …
Rupa Renaissance: Premium IT Park in Navi Mumbai
Rupa Renaissance: A Premium IT Park in Navi Mumbai Overview:Rupa Renaissance is a designed, technologically advanced IT park encompassing approximately 1.8 million square feet. Featuring two distinct wings with a basement, ground floor, five parking floors, and 30 storeys, it offers a diverse range of workspaces ideal for IT/ITES and MNC companies. Structural Innovation:Constructed with steel composite materials, the building boasts superior strength and …
Midc Plot Subletting vs Subleasing
Midc Plot Subletting vs Subleasing Subletting or subleasing a property, it’s important to understand the key differences between the two within the context of MIDC regulations. While both involve granting temporary use of leased property. There are crucial distinctions to consider. Sr No Subletting Subleasing Definition In subletting, the original lessee, who holds the lease agreement with MIDC, grants permission to a sub-lessee to …
What is Subletting; Midc Subletting penalty
What is subletting; Midc subletting penalty and Avoiding Subletting Headaches The MIDC is crucial in establishing industrial areas across the state. Regarding leasing plots within these areas, there are specific regulations regarding subletting. Breaching these regulations can result in penalties for businesses. What is Subletting? Subletting refers to a situation where a lessee (someone who has leased a property) grants permission to another party …