| Renting permission for industrial/institutional premises . |
| Requirements/Enclosures |
| Application on letter head of Firm/Company/ Society/ Trust as the case may be can be submitted by the allottee in the concerned office along with the following documents:- |
| 1 | No dues certificate regarding upto date payment of dues from the concerned Accounts Officer . |
| 2 | NOC of term lending institution, in case the industrial/institutional premises is mortgaged . |
| 3 | Copy of the Project Report of the proposed project of the tenant. |
| 4 | A Copy of map demarcating the portion of the building to be given on rent (in case of part renting). Not applicable if entire premises are being given on rent . |
| 5 | The premises should not have been cancelled one and should have been declared functional |
| 6 | Renting permission in case of Institutional premises may be given for the same project as of allottee and on payment of renting charges @ Rs.100/- per sqmt. F.A.R. per year subject to maximum of 5 years. However, no renting charges are applicable in case the total F.A.R. being giving on rent does not exceed 25% of the total permissible F.A.R. In respect of STP/IT Park in private sector approved by Central Government/STPI, renting charges would be 10% of the current premium for a period of 10 years subject to condition that number of tenant would be as per approval letter of Govt./STPI . |
| 7 | Renting permission in Industrial premises would be given for a period of 10 years irrespective of the time period requested for. Renting charges @ Rs 150/-, Rs.50/- Rs.100/- per sq. mtr. for phase-I, phase-II & phase-III respectively. No renting charges shall be levied if the allottee, its partners, shareholders hold jointly or severally minimum 50% shares in the tenant firm/company. However, a processing fee of Rs.1,000/- shall be payable |
| 8 | Discontinuation of tenancy would be taken on record after the lessee surrenders the original renting permission letter. If the tenant discontinues tenancy before 10 years, re-renting permission can be granted for the remaining period on payment of 20% of prevailing renting charges . |
| 9 | The condition of functionality may be waived off in case the renting permission is sought for Group/Associate/Sister concern . |
| 10 | Multiple renting is also permissible depending on the size of the premises |
| 11 | Payment deposit challan about payment of renting charges in Noida' account in one of the authorized banks shall be required to be enclosed in original |
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