Industrial Areas
0
+
Undeveloped Land
0
+ Acre
Specific Parks
0
Sector
Developed Land
Undeveloped Land
Plug-n-Play Spaces
Developed Land
MPIDC’s Allotment Process
Undeveloped Land
MPIDC’s Allotment Process
Plug-n-Play Spaces
MPIDC’s Allotment Process
Rent Calculation and Lease Renewal
Rent Calculation and Lease Renewal
- Rent is calculated based on the higher of: a. Development charges, including land cost (cost recovery in 13 years). b. Collector/PWD guidelines for rent.
- Rent is increased 5% or 10% every year based on the terms and conditions as may be approved by authority.
- A rent payment schedule is established as per the lease agreement
- Monthly rent bills are issued to occupant
Periodic Inspections and Maintenance
- Periodic inspections are conducted to ensure compliance with the lease agreement.
- Maintenance issues are addressed promptly to prevent disruption of the lessee’s activities. Separate maintenance charges are collected as per the rules.
Lease Renewal or Termination
- Lease agreements nearing expiration are reviewed to decide on renewal or termination.
- Lessees are communicated with regarding their intention to renew or vacate the space.
- Lease terms and conditions are updated if renewing.
- A final inspection is conducted, outstanding dues are settled, and the security deposit is returned after accounting for damages or unpaid rent if terminating.