MIDC & Industrial Land · Transfer
Plot Transfer & Sub-lease
Buy, sell or sublet an allotted MIDC industrial plot. Rinson Business manages due diligence, no-objection documentation, and liaison with MIDC through to transfer approval.
What is Plot Transfer & Sub-lease?
MIDC plots are allotted on a lease-cum-sale basis, so any change of ownership or subletting requires MIDC's formal no-objection. Rinson Business assists lessees and buyers with due diligence on the original lease, transfer premium calculation, and the full application process.
Process
How Transfer Works
1
Due diligence on the original lease deed and no-dues status
2
Application filed with MIDC for transfer / sub-lease no-objection
3
Transfer premium assessed and paid to MIDC on approval
4
Buyer / sub-lessee KYC and eligibility verified against permitted use
5
Transfer deed executed; possession and lease rights handed over
Key Features
Requires a formal MIDC no-objection for transferTransfer premium payable to MIDC on approvalDue diligence run on the original lease termsSub-lease permitted only for specific approved uses
Documents Required
Original Lease DeedNo-Dues CertificateTransfer Application (MIDC prescribed form)Buyer / Sub-lessee KYCCompany / LLP / Partnership Registration DocumentsBoard Resolution / Authorization Letter
FAQs
Frequently Asked Questions
Can I sublet part of my MIDC plot?
Sub-leasing is permitted only for specific approved uses and requires MIDC's prior no-objection, subject to the original lease terms.
Is a transfer premium always payable?
Generally yes — MIDC charges a transfer premium on approved transfers, calculated as per its prevailing policy.
Can Rinson Business guarantee transfer approval?
No. Rinson Business is a professional consultancy firm. We assist with due diligence, documentation, and coordination with MIDC. Final transfer approval is decided solely by MIDC.