top of page

Subletting Of Plot

Subletting of plot is done when owner(lessee) wants to give his company on rent to another person(subletter). Subletting permission can be granted by MIDC upto 10 years at the request of lessee on recovery of subletting changes in advance. MIDC will review the land rate after 3 years and if here is any change in MIDC land rate, then MIDC will recover the differential sub-letting charges from the lessee. We request you to kindly register with us inorder to get contacted and get your subletting of plot done within given period.

Registration Form

Your form has been successfully submitted.

PROCESS FOR SUBLETTING OF PLOT:

  1. MIDC has issued various guidelines from time to time to regulate process for giving the MIDC plots on Leave & License basis to any third party by the Lessee of the plot.

  2. 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.

​​

   3. At present Sub-Letting charges are 3% of MIDC land rate for Industrial and Commercial purposes 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.20,000/- per sq.m

​

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

= 1000 X 20,000 X 3% = Rs.6,00,000/- Per Annum

​

To know more about Subletting of Plot you may consult us on the following details:

​

Heritage Enterprises, 1st Floor, RP 28, Milap Nagar, MIDC Resi Zone, Dombivli East - 421201 or call:

Mr. Aakash Karoo - 8097590128,

Mr. Ram Hatti - 9136389617,

or write to us at heritageenterprises001@gmail.com

We shall be happy to help you!

​

bottom of page