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Transfer of Property
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All the lands in Navi Mumbai are given on lease usually for a period of 60 years. Transfer of the leasehold right is allowed only subject to approval of CIDCO (as Lessor) and subject to the terms and conditions contained in the Lease Deed. Generally the transfer is allowed on payment of 50% of unearned income by the licensee/Lessee to the Corporation.
To facilitate the smooth transfer of property, the Corporation has simplified the procedure for such transfer and made the calculation of transfer charges for certain builtup properties as well as open plots easier. The documents required to be submitted alongwith such an application have also been reduced in addition, all the powers for the transfer have been delegated to the Asstt. Estate Officers at the Nodal level. it is expected that all such transfers shall be effected on the same day on which a completed form with all the required documents are submitted and the suitable transfer charges have been paid to the Corporation.
This site has made with a view to guide the Licensee/Lessee of the procedure, charges etc. for getting these transfers effected. Here you find general information about the policy to the public. Nothing herein shall be construed to overrule any specific condition incorporated in the Allotment order or the Agreement to Sale/Lease. Important information as to how to obtain other relevant permissions of the Corporation after possession of land is obtained has also been included here.
The suggestions to improve its contents or method of presentation are welcome and may be sent to the Manager (Town Services) CIDCO LTD., 1st Floor, CIDCO Bhavan, CBD Belapur, Navi Mumbai - 400 614.
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