INDUSTRIAL LAND STRATEGIC SOLUTIONS
Transfer of Plots:
Transfer of MIDC plots to individuals or companies to set up industrial units, but you need prior approval from MIDC. Approval is granted under specific conditions, and there may be a transfer premium fee involved.
Change in shareholding pattern / Partners in MIDC records:
MIDC reviews shareholding changes in private limited companies or partnerships, whether among relatives or not. Depending on the situation, MIDC might approve the changes for free or apply a premium fee (STF/Differential premium).
Allotment of Plot under Priority category:
MIDC prioritizes plot allocation for expansion, foreign direct investment (FDI), large projects, and companies on Fortune Global-500 and Economics Times-200 lists.
Extension of Time limit for Obtaining Building Completion Certificate (BCC):
MIDC-allocated plots must follow MIDC policy, including building at least 40% of the structure and starting production within the set timeframe. If the Building Construction Certificate (BCC) isn't obtained in time, an extension can be requested from MIDC.
Mortgage Consent:
MIDC allows mortgaging of plots and helps create a Tripartite agreement among the plot owner, MIDC, and the financial institution. This allows the plot owner to secure financial assistance from designated institutions.
Execution of Predetermine Lease:
Before requesting for Mortgage consent, it's vital to have a predetermined lease agreement with MIDC. This agreement is required when seeking financial assistance from a bank or financial institution for a project.
Execution of Final Lease:
After obtaining the Building Construction Certificate (BCC), it's crucial to sign the Final Lease agreement with MIDC to establish the plot's ownership.
Change in Company Name / Address:
MIDC approves changes in company name and address after a thorough review of the application. They carefully assess the requested modifications before granting approval.
Permission for Sub-letting / Sub-leasing of Plot:
MIDC allows sub-letting or sub-leasing of unused plot space, permitting the plot owner to rent it to a third party. Charges are applicable as determined by MIDC.
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Permission for Amalgamation of Plots:
MIDC approves the amalgamation of two or more plots after assessing feasibility following its DC rules. This process can waive the marginal space between the plots.
Change in Activity:
MIDC allows changes in manufacturing activity on a plot after a thorough review and approval from the environment department.
Change in Land Use:
MIDC can permit changes in land use from industrial to commercial or vice versa after obtaining approval from the relevant departments.
