MIDC property due diligence checklist
MIDC property due diligence check point before buying any industrial property.
1. Agreement to Lease of Plot: This document outlines the terms and conditions of your lease agreement with MIDC, including:
- Plot size and location details
- Lease period and renewal options
- Permitted use of the land
- Rent and other charges
- Obligations of both parties
2. No Objection Certificate (NOC): Obtain NOCs from relevant authorities like:
- MIDC itself, confirming no outstanding dues or disputes on the plot.
- Local Municipal Corporation, property tax, regarding any zoning restrictions or clearances.
- Pollution Control Board, for environmental compliance.
- Any other relevant authorities based on the specific nature of your intended use.
- Bank loan in case
3. Shareholding Structure Documents: If the buyer is a company, review its:
- Memorandum and Articles of Association.
- Shareholding pattern and board of directors’ details.
- Any relevant resolutions or approvals for the land purchase.
4. Encumbrance Certificate: This document confirms the absence of any legal claims or encumbrances on the property, such as mortgages, liens, or disputes.
5. Land Record Documents: Obtain official copies of the land records, including:
- Title deed
- Property tax receipts
- Midc transfer order
- Building Completion Certificate (BCC)
- Property chain documents
6. Transfer Deed / Sublease Deed / Deed of Assignment: Once the agreement is finalized, a transfer deed will be drafted and executed by both parties, transferring ownership of the plot to the buyer.
We specialize in Industrial property transactions. Whether you’re buying, selling, leasing, or need help with MIDC / MPCB / DISH Factory license documentation across Mumbai, Navi Mumbai, Thane & Raigad. we can assist or guide you through the process and ensure a successful transaction. Let’s contact us for further details.
Regards,
981999 8900 – Koyana
981999 2800 – Amir
981999 2310 – Sushant
One-Stop Industrial Property Solution
help@midcwala.com
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