Subletting Of Plot
Subletting of the plot is done when the owner(lessee) wants to give his company on rent to another person(Sublette). Subletting permission can be granted by MIDC upto 10 years at the request of the lessee on the recovery of subletting changes in advance. MIDC will review the land rate after 3 years and if there is any change in the MIDC land rate, then MIDC will recover the differential sub-letting charges from the lessee.