Deed Restrictions on the Property
Deed restrictions, also known as restrictive covenants, are legally binding conditions written into the property’s title deed that limit or regulate how the land can be used. For industrial land, typical deed restrictions may include:
1. Use-Specific Restrictions
The property may be restricted to certain types of industrial activity only. These restrictions are often imposed by:
- Government or development authorities (e.g., SIPCOT, MIDC)
- SEZ regulations
- Industrial park covenants
Example: Only non-polluting, light manufacturing units may be established; chemical or hazardous industries are prohibited.
2. Transfer and Subdivision Limitations
The deed may include clauses that restrict:
- Transfer or resale of land before a specified lock-in period
- Subdivision of the land into smaller plots without prior approval
- Lease to third parties without notification to the original authority
These conditions are often imposed in land allotted through industrial promotion schemes or development corporations.
3. Development and Construction Controls
Some title deeds specify limitations on:
- Maximum built-up area (FAR/FSI)
- Building height
- Minimum open space or setback requirements
- Mandatory landscaping, drainage, or infrastructure installation
Such clauses aim to ensure consistency in park-wide infrastructure and environmental standards.