Fiscal Incentives and Support Measures for Registered R&D Units
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RASAYANI-PATALGANGA MIDC
MAJOR COMPANIES Rasayani or Patalganga MIDC is one of the most sought after Industrial zone around Mumbai in todays times. Patalganga MIDC houses Reliance Polyster, Hindustan Organics, Cipla, Castrol India, Elder Pharma, Indoco, Bombay Dyeing & Manufacturing, Aditya Birla Nuvo, Wanburry, Antony Garages etc. CONNECTIVITY Within 10 Kms – Rasayani Railway Station, Old Mumbai-Pune Highway, Mumbai-Pune Expressway, Mohpada, Rees, Indiabulls Township etc. Within 20 Kms – Panvel, Hiranandani Township, Marathon Group Township, Proposed Navi Mumbai Airport, Karjat Within 30 Kms – JNPT, Kalamboli, Kamothe, Khopoli, Pen Within 50 Kms – Lonavala, Vashi, Thane WATER SUPPLY Water supply to industrial units is by state Irrigation Department from Morbe Dam, Patalganag Dam, Chavane Dam. Water Purification plant is just 2 Kms away. ELECTRICITY Uninterrupted power is supplied by MSEDCL besides there two captive power plants in the area. A 23 MW plant by Aditya Birla Nuvo Ltd. & 16 MW plant by Lenzing India (proposed) CETP FACILITY PRIA CETP (I) Ltd. was conceived as a joint efforts between Maharashtra Industrial Development Corporation, PRIA and Maharashtra Pollution Control Board. Treatment Capacity: 1,50,000 m3/day Treatment Charges: Rs. 7/m3. For more info: http://www.priacetp.com/index.htm INDUSTRY ASSOCIATION Patalganga Rasayani Industries Association popularly known as PRIA is a 25plus year old association registered, Registration No. Bombay 25/83 ( Raigad ) Public Trust Registration No. F 387 ( Raigad ). Besides championing Industries concerns they also run a school , a Common Affluent Treatment Plant (CETP) and a Recreation center. EDUCATIONAL INSTITUTES IN VICINITY Pillai's HOC College of Engineering & Technology Pillai HOC College of Architecture National Institute of Securities Markets (NISM) by SEBI.(proposed) PROPERTY RATE (as on Nov, 2013) Ø Sale: Open Land : Rs. 2-3 Cr. Per Acre Constructed: Rs. 1000-1,500 per sq.ft. Ø Rent: Rs. 12-20 per sq.ft. Ø MIDC Rate: Rs. 2660 per sq.m. (Industrial) Rs. 6650 per sq.m. (Commercial) What:
For leasing of Industrial premises MIDC provides its NOC to the owners of said premises and charges subletting fees proportionate to the area being leased. How: Subletting permission can be obtained after submitting following documents: 1) Request from the original allottee for transfer. 2) Request from the transferee. 3) Application in the prescribed form from the transferee. 4) Project report if there is a change in the item of manufacture. 5) Time limit extension if Required. 6) No Objection Certificate from the Financial institution /Bank if the plot / shed / Gala is mortgaged with the permission of MIDC. 7) Payment of Annual Lease Rent (up-to-dated). 8) If the transferee is a close relative of the original allottee, the relationship as father, mother, brother/sister, husband/wife and children, to be specified. 9) Certified copy of deed of assignment with the proof of Registration, if the corporation has previously granted permission for transfer. 10) Xerox copy of proof of Registration of Lease. 11) In case of the death of proprietor the following documents are required. a) The copy of the death certificate b) No Objection from the legal heir/s Sub-letting fees: For IT/ITES: 1% x MIDC Land Rate per sq.m. x Total area being leased out (sq.m.) For others: 3% x MIDC Land Rate per sq.m. x Total area being leased Note:1. MIDC Land rates are available at following link: http://www.midcindia.org/Pages/IndustrialPage.aspx 2. Total Area= Built-up Area + Open Area 3. If the Industrial property is being leased to carry out commercial activity such as Restaurant, Showrooms etc. 4. In case the lessee will be carrying out activities different than those for which original allottee had got permission and no special incentive such as additional FSI has been used then a Permission for Change of Use is to be obtained. Disclaimer: All the claims & facts are based on our previous experiences. MIDC Rules & Circulars keep changing for betterment of Industry so above information cannot be treated as permanent. MIDC from time to time has been trying to simplify and professionalize its services for increased ease of business. Many such majors, most important being Single Window Clearance (SWC) has been well received by the Industry and simplified lot proceedings. Off late due to increased competition from neighboring states specially Gujarat, MIDC has shown more & more willingness to listen to Industrialist’s grievances. This has led issuance of no. of circulars & amendments. One such amendment is a circular released on 4th April, 2013.
One of the many problems faced by entrepreneurs was difficulty in submission of Form-A for obtaining final fire approval and Form-B in a month of January & July in case of renewal of fire approval. MIDC now has categorized units based on constructed area. So for low-hazard units built-up area less than 3000 meters & height less than 15 meters: 1] fire officer attached to local MIDC Fire Station should carry out inspection as per the check-list and ensure the availability of fire protection systems as per provisional fire approval and record the observations in writing reasons of non insisting the approved license agency and issue final fire approval or renewal, as the case may be. 2] At the time of renewal, Form-B should not be insisted. Please refer the complete circular here: http://www.scribd.com/doc/180216404/Simplifications-of-Process-for-grant-of-fire-approval-pdf After witnessing problems faced by buyers and sellers to know actual prices for resale industrial properties, we decided to take the mantle in our hand and publish information based on data available with us as well as data that’s there in public domain. Please note that these prices should not be treated as benchmark and are for reference purpose only. Prices may vary depending on location, construction done on plot and most importantly owner’s expectations. Nowadays owning to recession, owners in TTC area have been quoting exorbitant rates and any proposal at par with actual market rates is being rejected as such owners don’t want to let buyer’s consider that there is need to liquidate their properties. Whereas Buyers have been expecting for major correction to happen so are asking for drastically low rates.
A] Nerual, Turbhe, Khairane, Pawane, Rabale, Ghansoli: These regions are primarily engineering, chemical zones. 1} Sale : Open plots should be available from INR 30,000 per sq.m. to 36,000 per sq.m. unless the location is extremely close to Thane-Belapur highway. Price range for constructed properties is very wide from INR 40,000 per sq.m. to 50,000 per sq.m. (considering basis R.C.C. structure). Price depend upon construction area, construction quality, age, documentation, permissible activity & location. 2} Lease : Rentals can be divided into IT/ITES and Engineering activties. IT/ITES Furnished 60-65 & unfurnished 30-40 Rs./Sq.ft. Engg./R&D Furnished 35-45 & unfurnished 25-35 Rs./sq.ft. 3} Warehouse : Sale -> INR 30,000-40,000 per sq.m. Rent -> INR 22-28 per sq.ft. B] Mahape: Its majorly an IT/ITES and electrical/electronics zone. Most of the units situated in Millennium Business Park (MBP) are being quoted at comparatively higher rates. Sale and Lease prices for IT/IES in MBP are INR 60,000-70,000 per sq.m. and INR 70-80 per sq.f.t (Furnished). MBP offers lot of options in 3000-10000 sq.ft. area range with most of them being furnished properties. Properties in Electronics zone are demanding rates similar to engineering zones in TTC area. We would request one & all to kindly contribute or give your feedback. We have uploaded Maharashtra Governments STPI Ready Reckoner for common public reference. Software Technology Parks of India Ready Reckoner published on 4th July 2007 contains information about STPI Scheme, IT Policy Benefits, Procedure to become STP Member, Requirements for STPI Registration etc.,
You can download the document from http://www.scribd.com/doc/179178393/STPI-Ready-Reckoner-2007 MIDC is nodal agency of Maharashtra Government, whole-of-government service providing essential information on planning, starting and growing businesses in the state. MIDC’s activities can be broadly classified into 3 categories:
a] Acquisition and disposal of land b] Provision of Infrastructure facilities c] Providing of Services Key Departments of MIDC are: 1. Land Department The land for industrial areas is acquired by the Government of Maharashtra under Chapter VI of the MID Act. 1961 and handed over to the Corporation for further disposal. The Corporation plans the area and disposes the land in suitable plots by leasing out for 95 years. For this purpose the Corporation recovers the premium lease money at different rates for different industrial areas. Services offered:
MIDC provides full-fledged fire stations in all its major industrial areasIt is a part of basic infrastructure provided to that area and as per Section 21 of the “Maharashtra Fire Prevention and Life Safety Measures Act 2006” it is mandatory requirement on all Municipal Corporation, Municipal Councils & Special Planning Authorities. Services offered:
3. Engineering- Water Department MIDC has, over the years, created a vast, robust and reliable water supply system. The system caters to the water needs of the industries within MIDC industrial areas and also those outside, in the adjoining areas. Services offered:
4. Engineering - Power Department Infrastructure like power is in place in MIDC Estates. MIDC is not into power distribution. MIDC will issue “No Objection Certificate” (NOC) required to be submitted to Power Distribution Company. Services offered under Power Department
5. Special Planning Authority Department Services offered:
Services offered:
Plot Allotment wait-list will now be categorized according to proposed investment into Micro, Small, Medium, Large and Mega Industries. Earlier all applications were being treated on the same lines so many of the smaller projects used to loose the opportunity.
Land Allotment Committees will be every month according to schedule as mentioned in the document. http://www.scribd.com/doc/178886155/Land-Allotment-wait-list-circular-2013 MIDC has plans to launch auctions for Additional Ambernath MIDC Phase 3 shortly. Phase 3 is situated next to phase 2, along pipeline road which connects Ambernath MIDC to Shil Phata. So far this region is closest to Mumbai, for which MIDC will start plot allotments.
Ambernath MIDC has Chemical as well as Engineering zone. There is 7.6 MLD CETP opposite fire brigade office. Refer http://www.cetpambernath.com/ Rates: Existing MIDC rate for Phase 2 is Rs. 2395 per sq.m. and resale rate is anywhere between Rs. 8000-15000 per sq.m. MIDC is expected to launch these plots at Rs. 4000 per sq.m. Many brokers have been proposing to offer these plots at Rs. 6500-8000 per sq.m. with usual 50-50% payment scheme. Infrastructure:
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