Lease Commencement: The monthly rent will begin from the effective date, and the payment will be made on or before the 10th day of each English calendar month.
Rent Increase: Rent will increase by a fixed percentage every 36 months, ensuring consistent returns for property owners.
Required Documentation
Before leasing, the property owner must provide the following documents to Vishal Mega Mart:
Proof of Ownership: Including title agreement and revenue records.
Approved Building Plans:Along with a revised sanction of the demised premises.
Commercial Conversion Proof: Evidence of payment of conversion charges.
Completion and Occupation Certificates: Required for legal use of the premises.
Government Sanctions and NOCs: Including Fire NOC, mutation certificate, and structural safety certificate from a certified engineer.
Property Tax Receipts: Latest paid receipts and no-dues certificates from the municipality