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Industrial & GIDC Estates

GIDC transfer attempted without approval

GIDC, Vadodara · GIDC plot · 1,800 sq m

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Industrial & GIDC Estates

GIDC transfer attempted without approval

GIDC, Vadodara · GIDC plot · 1,800 sq m
Void deal stopped

Background

A manufacturer agreed to buy a GIDC plot from an existing lessee who offered a “quick handover” without paperwork.

Problem identified

GIDC plots are leasehold; transfer without GIDC’s prior written approval is void.

Investigation

We confirmed with GIDC that no transfer application was on record and that pending lease rent existed.

Resolution

The buyer insisted on a proper GIDC transfer with No Dues Certificate; the seller withdrew when asked to regularise.

Lessons learned

GIDC transfers need prior approval and a No Dues Certificate — never accept a “quick handover”.

They stopped us from a deal that would have left us with no legal title at all.
— Imran Sheikh
Case Advisory Desk • Gujarat Jurisdiction

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