Industrial Sales

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What are the fire safety requirements for industrial plots?

1. Mandatory Fire Safety Approvals Industrial plots must obtain a Fire Safety No Objection Certificate (NOC) from the State Fire Department before operationalizing any facility. This requires: Submission of building plans, layout drawings, and fire-fighting system designs Compliance with standards set by the National Building Code (NBC) On-site inspection and verification by fire safety...

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Who regulates building norms in industrial zones?

1. State Industrial Development Corporations In most cases, state-level industrial development authorities are the primary regulators of building norms within designated industrial areas. These include: MIDC – Maharashtra Industrial Development Corporation KIADB – Karnataka Industrial Areas Development Board SIPCOT – State Industries Promotion Corporation of Tamil Nadu TSIIC –...

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How does land use compliance affect resale?

1. Determines Legal Validity of the Sale Land that adheres to approved land use—such as industrial, commercial, or agricultural—can be legally transferred without objections. Non-compliant land: May not be eligible for registration Can lead to rejection of sale documents at the Sub-Registrar’s Office May require retrospective land use conversion, delaying or invalidating the resale...

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What penalties exist for illegal land sales?

1. Cancellation of the Sale Transaction If a land sale is found to be illegal due to lack of ownership rights, fake documentation, or prohibited transfers, the sale can be: Declared null and void by the relevant revenue or judicial authority Revoked by the Sub-Registrar if identified during or after registration Subject to restoration of possession to the rightful owner This results in...

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Where should compliance documentation be submitted?

1. Local Municipal Corporation or Urban Local Body (ULB) For businesses and industrial units located within municipal limits, compliance documentation related to: Trade licenses Building permits and layout approvals Occupancy certificates Property tax registrations must be submitted to the Municipal Corporation, Municipality, or Nagar Panchayat depending on the jurisdiction. These...

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What licenses must a buyer apply for?

1. Factory License (If Manufacturing Activities Are Planned) Buyers intending to set up a manufacturing unit must obtain a Factory License under the Factories Act, 1948 from the State Labour Department. This license ensures: Compliance with health, safety, and welfare norms Approval of the building layout and worker facilities Validity to operate machinery with prescribed manpower...

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Why is environmental clearance necessary in some cases?

1. Regulates Industrial Impact on the Environment Environmental clearance is required to evaluate and control the environmental consequences of industrial development. It ensures that projects: Do not cause excessive air, water, or soil pollution Include proper waste disposal and treatment systems Operate within sustainable resource consumption limits This process safeguards natural...

How long does it take to get sale approvals?

1. Title Verification and Legal Due Diligence This initial stage involves examining: Ownership documents, encumbrance certificates, and past sale deeds Verifying mutation, inheritance records, and land use classification Identifying any legal disputes or restrictions on the property Time required: 1 to 3 weeks, depending on the complexity and clarity of land records. 2. Land Use and...

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Who provides NOC for selling industrial land?

1. Industrial Development Authority or Corporation If the land is located within a government-developed industrial estate, the primary No Objection Certificate (NOC) must be obtained from the respective state industrial development authority, such as: MIDC (Maharashtra Industrial Development Corporation) KIADB (Karnataka Industrial Areas Development Board) SIPCOT (State Industries Promotion...

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What permissions are required before a land sale?

1. Title Verification and Encumbrance Certificate Before a land sale, it is essential to confirm the legal ownership and freedom from liabilities. This includes: Clear title certification from a registered legal advisor Encumbrance Certificate (EC) from the Sub-Registrar’s Office to confirm there are no mortgages, liens, or legal disputes Review of past sale deeds, partition documents, or...

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