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Every one of the terrains in Navi Mumbai are given on rent typically for a period of 60 years. Move of ihe leasehold right is permitted just subject to endorsement of CIDCO (as Lessor) and dependent upon the terms and conditions contained in the Lease Deed. By and large the exchange is permitted on installment of half of un-acquired pay by the licensee/ Tenant to the Corporation.
To work with the smooth exchange of property, the Corporation has worked on the technique for such exchange and made the estimation of move charges for certain builtup properties just as open plots simpler. The archives needed to be submitted alongwith such an application have likewise been diminished.
What's more, all the powers for the exchange have been assigned to the Asstt. Domain Officials at the Nodal level. It is normal that all such exchanges will be affected around the same time on which a finished structure with every one of the necessary archives are submitted and the appropriate exchange charges have been paid to the Corporation.
This booklet is being distributed so as to direct the Licensee/ Renter of the methodology, charges and so on for getting these exchanges affected. This booklet is pointed toward giving general data about the approach to the general population. Nothing thus will be interpreted to overrule a particular condition fused in the Allotment request or on the other hand the Agreement to Sale/Lease. Significant data concerning how to acquire other significant authorizations of the Corporation later ownership of land is acquired has likewise been remembered for the booklet.
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