MPIDC's Allotment Process
1. Proposal Submission
2. Approval by DIPIP or MD,MPIDC
3. Booking amount payment
4. Letter of Intent
5. Letter of Allotment
6. Lease Deed Execution & Registry
7. Letter of Possession
Application Submission
- Investor submit proposal/ application along with fee to Office of Executive Director of Regional Office of MPIDC.
- Application Checklist : Click Here
- Application Format : Click Here
- Application Fee : (Please refer Rule No 11(i) of MP State Land and Building Management Rules 2019 as amended in 2022): Click Here
- For the land parcel of 20 hectare or less, the proposal is approved by MD, MPIDC.
- For the land parcel of more than 20 Hectare, proposal is approved by Dept of Industrial Policy & Investment Promotion, GoMP.
- A demand note of validity of 30 days is issued to Applicant for depositing booking fee
- On depositing booking fee, Letter of Intent is issued to applicant.
- Letter of Intent (LOI) is issued to the Investor. Letter of Intent contains details of remaining payable amount for the land and terms and conditions of LOI.
- Validity of LOI : 60 days + additional 120 days with simple interest @10% p.a.
- On depositing LOI payment , Letter of Allotment is issued within 4 days.
- Lease deed draft is shared with investor
- LoA Validity : 10 days
- Lease Deed is signed between Industry/unit and Executive Director.
- Lease deed get registered at concerned registrar office.
- Lease deed has to be registered within 10 days of issuance of Letter of Allotment. Additional 60 days may be granted with approval of Executive Director
- Upon Registry, Letter of Possession is issued to the Applicant.