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  #1  
Old May 14th, 2016, 04:34 PM
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Default Subletting Charges In MIDC

Hello sir, I am Ranjeet. I am from Mumbai. I want you to help me by giving me some information about the subletting charges by Maharashtra Industrial Development Corporation (MIDC). Can you help me?
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  #2  
Old May 14th, 2016, 04:35 PM
Priyanka Goyal
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Join Date: Mar 2012
Posts: 21,452
Default Re: Subletting Charges In MIDC

As you have asked about the subletting charges by Maharashtra Industrial Development Corporation (MIDC), I am giving you information about it, check below for the details

For leasing of Industrial premises MIDC provides its NOC to the owners of said premises and charges subletting fees proportionate to the area being leased.

Sub-letting fees:

For IT/ITES: 1% x MIDC Land Rate per sq.m. x Total area being leased out (sq.m.)
For others: 3% x MIDC Land Rate per sq.m. x Total area being leased

Note:
Total Area= Built-up Area + Open Area
If the Industrial property is being leased to carry out commercial activity such as Restaurant, Showrooms etc
In case the lessee will be carrying out activities different than those for which original allottee had got permission and no special incentive such as additional FSI has been used then Permission for Change of Use is to be obtained.

Subletting permission can be obtained after submitting following documents:
1) Request from the original allottee for transfer.
2) Request from the transferee.
3) Application in the prescribed form from the transferee.
4) Project report if there is a change in the item of manufacture.
5) Time limit extension if Required.
6) No Objection Certificate from the Financial institution /Bank if the plot / shed / Gala is mortgaged with the permission of MIDC.
7) Payment of Annual Lease Rent (up-to-dated).
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  #3  
Old October 19th, 2018, 06:58 PM
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Default Re: Subletting Charges In MIDC

sir, how to pay subletting charges online
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