Lease related
Industrial Leases are usually a long term arrangement. Machines are installed, production is tuned, logistics is setup and registrations done on the propery address. It is therefore in everyones best interest that Industrial Leases are done only after thorough due diligence.
diligence
Regulatory Checks
A 360 degree compliance check on properties is an important step before signing the lease agreements. We compliment legal due diligence with a through regulatory due diligence work.
Title Assessment
Examination of title holding, original use permissions, mortgages, dues etc.
Permissible land use
We provide clarity on land use activities for MIDC Land and as well as other industrial lands that fall under Industrial Zones and with permissions to carry out industrial activities as per Government Land Use Plan. However, over and above the general permission for industrial use of such lands, depending on the specific location, there can be limitations. It is important to confirm that the planned industrial activities are permitted on the said plot of land.
Construction Compliance
Many industrial leases happen in previously leased buidlings. It is advisable to check for structural stability and strength before occupying. Complementing the structural examinations, we can also make an assessment on whether the construction is in compliance with development control regulations.
Environmental Assessment
Since industrial operations are not standard and each operation has its own process flow and discharges, it is important to ensure that the planned operations are cleared by the Pollution Control Board.
Utility Connections
Power connection, sanctioned load, water connection and natural gas connections are the common infrastructure connections that we review on behalf of the lessee. We check for the validity and rating of these connections and costs of increasing the supply ratings.
critical
Use
Confirmation of use permissions are most important in the long run.
Infrastructure
Availability of utility connections such as Power, Water & Gas
Commercials
Ensuring leasing commercials are fair and mutually agreeable.
Range of markets
automotive
Auto ancillary leases are common in locations near OEMs.
IT
in cases of large IT development on industrial land.
Engineering
Engineering and servicing units near major cities.
chemical storage
Storage of hazardous of materials.