PROJECT

Terms & Conditions

No.

Nature

Description

1.

Agreement

On Leave & License basis
Leave & License – Registered
Maintenance Agreement – Notarised
Warai Agreement - Notarised 

2.

Premises at

Bhiwandi Warehouse Industrial Park
Warehousing and Logistic Park, Mumbai Nashik Highway, Bhiwandi, Thane. 

3.

License Area

Approx 1 lac sq ft built up area i.e. 80,000 lac sq ft carpet area.    

4.

Agreement Period

5 Years 

5.

Purpose of  License 

Storage of Goods 

6.

License fees 

Rs. 18.00 per sq.ft. per month on built up area all inclusive. 

7.

Specifications

Standard 

8.

Height

40’ side and 55’ center height

9.

Amenities to be provided by the Licensor without any charges.

As Per Annexure I

10

Escalation 

As per Annexure II
And 5% every year on maintenance and warai. 

11.

Interest free refundable security deposit

Equivalent to 6 months License Fees

12.

Due date for Payment of License fees every month.

On or before 7th of every English calendar month in advance. 

13.

Lock - in - Period

3 years from the date of commencement of License Fees.

14.

Termination Notice period

3 months written notice 

15.

Stamp Duty &

Stamp duty and Registration Charges to

 

Registration Charges.

be borne 50:50

16.

Refundable
Electricity Security
Deposits

The refundable electricity security
deposits shall be borne by the Licensee

17.

Taxes

The Licensors will charge GST or any applicable taxes as per applicable rates to the Licensee and the Licensee has to pay the same.

18.

Property Tax

The Licensors shall be responsible for the payment of the Property Tax.

19.

Token Amount

The Licensee to give a cheque of one month rental as a guarantee cheque. 

20.

Tower space

The Licensor will provide only space and all other cost to be borne by the
Licensee including permission if any. 

21.

Generator Platform

The Licensor will provide 1 Generator Platform.

22.

Water

Boring water will be provided by the Licensor. 

23.

Flooring

FM2 flooring with capacity of 6 tons / sqm with sodium silicate densification. 

Annexure I

  • Toilets: Bare shell structure will be provided by the Licensor.
  • Shutters: Standard shutters will be provided by the Licensor.
  • Fire Hydrant system will be provided including sprinkler in the premises. 
  • Fire Door & RCC Water tank for Firefighting will be provided by the Licensor.
  • Thermal wrap double bubble Insulation of 8mm will be provided by the Licensor. 
  • Loading bays to be provided by the Licensor.
  • Roof Monitor to be provided instead of Ridge/Turbo vent.
  • 4.5mtr canopy will be provided by the Licensor.  
  • Electric Transformer will be provided as per standard requirement. 

Annexure II

Year

License Fees
Rate per sq.ft. per month

1st Year

Rs. 18.00

2nd Year

Rs. 18.90

3rd Year

Rs. 19.85

4th Year

Rs. 20.84

5th Year

Rs. 21.88

Location advantages:-

  • Octroi free zone 
  • Access from main Mumbai – Nashik Highway (NH3)
  • 35km from Thane, 21km from Kalyan, 63km from Mumbai Airport
  • Traffic free zone
  • Skylight sheet to be provided by the Licensor 
  • Good Transportation network
  • Easy labour availability
  • Close to all major companies warehouse hub
  • 5.5km from Khadavli station which is a central line station 
  • 7.5km from Vashind station which is a central line station

Price may be subject to demand and suply