There are various guidelines issued by MIDC for the transfer of leasehold rights of plots in MIDC area
Over a period of time the MIDC has revised its transfer guidelines few times keeping in view the main objective of MIDC regarding utilisation of plots for the business activity which results in the economic growth of the country and also generates employment.
As per earlier guidelines, permission for transfer of open plot was not being granted if the plot holder did not obtain the BCC and also not gone into the production. However, considering the financial recession and pressing requirements of industrial plots, the open plots were allowed to be transferred with condition that the permission will not be granted for five years from the date possession for following:-
- Transfer, Sublet, Sub-Lease of open plot if plot holder has not obtained BCC and not gone into production.
- Any partnership where holding of original promoter is going below 51%.
The requirement of supplementary agreement for transfer of the plot to the new allottee would be based on the latest circular, hence you may better clarify further details in person from the authorities cocnerned