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Gurgaon: Now sell industry plots without HUDA or HSIIDC NOC, rules SC

Owners of industrial plots are quite happy following the verdict given by the judiciary of the Supreme Court pertaining to the procedures of selling or leasing out industrial plots. As per the ruling, there is no need to acquire a No Objection Certificate (NOC) from Haryana Urban Development Authority (HUDA) or Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) to conduct such real estate transactions. The judiciary body passed a petition confirming the same in the Amritpal Singh vs Chandigardh Administration Case.

 

An industry owner informed The Times of India, “There are plot owners who want to sell the plot and invest the money in business or factories in other places but because of procedural difficulties they are unable to sell it.”

 

Favista’s view: Sale of plots will now become relatively easier. It is noteworthy that in Udyog Vihar alone, there are more than 2000 plots. These can now be put up for sale easily.

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One Response to Gurgaon: Now sell industry plots without HUDA or HSIIDC NOC, rules SC

  1. Ankur Aggarwal says:

    Is transferee required to deposit transfer fees with HSIIDC/HUDA if seeking transfer under this judgement?

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