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MIDC Guidelines

Sub-Letting Process of MIDC Plot

Subletting Process of MIDC Land
  1. MIDC has issued various guide lines from time to time to regulate process for giving the MIDC plots on Leave & License  (Subletting Process of MIDC Land) basis to any third party by the Lessee of the plot. In this connection, following MIDC Circulars are relevant in the present context:-
  • MIDC Circular No.90/2009 dated 29 Oct, 2009. Please click here to view MIDC Circular
  • MIDC Circular No. 110/2010 dated 26 May, 2010. Please click here to view MIDC Circular
  • MIDC Circular No. 69977/2013 dated 05 Mar, 2013. Please click here to view MIDC Circular
  1. As per the present norms of MIDC, the MIDC grants the Sub-Letting permission as follows:
  • The Lessee should have consumed FSI and obtained the B.C.C as per MIDC norms.
  • Sub-Letting permission can be given by MIDC to following purpose only
  1. Industrial to Industrial
  2. Commercial to Commercial
  3. IT, ITES to IT, ITES
  • Sub-Letting permission can be granted by MIDC up to 10 Years at the request of Lessee on recovery of Sub-Letting charges in advance. MIDC will review the land rate after every 3 years and if there is any change in MIDC land rate, then MIDC will recover the differential Sub-Letting charges from the Lessee.
  1. At present Sub-Letting charges are 3% of MIDC land rate for Industrial and Commercial purpose and 1% for IT & ITES purpose, which is to be paid in advance for the period of sub-letting granted by MIDC.

Example:-      

Plot Size                 :         4000 Sq. Mtrs.

Area Sub-letted  :        1000 Sq. Mtrs.

MIDC Rate             :         Rs.5,000/- PSM

Sub-Letting Charges = Area Sub-letted X MIDC Rate X 3 %

= 1000 X 5000 X 3% = Rs.1,50,000/- Per Annum

  1. MIDC follows a set procedure throughout Maharashtra for giving the Sub-Letting Permission to the conditions stipulated in Para 2 above have been met.
  1. ASCC Pvt. Ltd. can assist its clients for obtaining MIDC Sub-Letting permission.
  2. Role of ASCC for obtaining Sub-Letting Permission and documentation etc. has been explained in a ‘Flow Chart’ placed below:-
    subletting flowchart

The entire process takes about one month for obtaining MIDC Sub-Letting Permission; therefore application for obtaining Sub-Letting permission should be made to MIDC one month prior to start the Sub-Letting period.

If you need any help in Subletting Process of MIDC Land  then contact us on services@ascconline.com, 022-489-74888. We shall be happy to help you!

18 Comments

  1. Good Day ,

    i would like to know the if i am taking plot in MIDC Hingna Nagpur Subletting i have to apply for electric city ? full of coast i have to bare?

    Regards,

  2. Wasim Karpude

    Want to get info for subletting of plots & it’s charges ?

  3. Kuldipak

    I want plot of 3000sq feet in butibori midc.. How much demand should i pay??
    Please reply…

  4. Manohar Jadhav

    I want to know latest subletting charges applied to industrial plot of 8000/- sqft in MIDC thane.

  5. PRITESH SONAWANE

    Sir can we sublet entire plot are or only part of it.

  6. Kiran B

    Are subletting charges calculated on Carpet area or built up area of a office which is an IT/ITES park??

  7. gourav biswas

    hey keep it up thanks for this post.very helpful.indeed.

  8. K B Nair

    We have Industrial plot at MIDC , Pawane and obtained subletting permission from MIDC
    Will you help us to renew the subletting for 2 more years ?
    what are the documents required for renewal and what is the service charges for renewal support from your side?

  9. Abasaheb Holkar

    Rent /Sub letting process in MIDC area in Nashik plot area 800sq meter And rent area is 400sq meter pl guide me procedure stamp duty. Your fees on line process .pl send documents list etc

  10. Richa Panchaity

    HI ,
    Can you clarify if any TDS is to be deducted from payment made to MIDC as subletting charges

    • Comment by post author

      Dear Mam,

      Refer your enquiry.
      TDS is not deducted from payment made to MIDC as subletting charges.
      Request you to kindly get in touch with us for any further query.

      Regards
      Team ASCC
      Contact number – 9833834427

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