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TIDEL Park Ltd
Chennai-113
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TERMS  FOR  ALLOTMENT  OF IT / ITES SPACE 

  1. SPACE AVAILABILITY:

 

The following IT / ITES space is available for re-allotment.       

Location

Module No.

Super Built-Up Area
in sq.ft.

Rent / sq.ft. per month (Rs.)

Booking Advance  (Rs.)

Activity Permitted

Third Floor
D Block

North Side

0307

6,528

*Rs.48.50

9,49,824/-

IT / ITES

2. TERMS OF ALLOTMENT:  
 (a) Terms of Lease:

Rent on Super Built-Up Area

From

Up to

Rent (Rs./sq.ft./Month)

After rent free fit-out period

31.03.2018

*48.50/-

*The rent is subject to upward revision based on the direction of the of TIDEL Board.

Lease Term 

Three years from the date of commencement of the lease

Rent-free fit-out Period

15 days from the date of handing over.

Lock-in period

Eighteen Months (18) of the lease term.

Operation & Maintenance Charges
 

Rs.10.815 / sq.ft./ month subject to an annual escalation of 5% from 1st April of each financial year.on Super Built-Up Area.

Electricity & Air-conditioning Charges 

At actual as per TNEB and DG power cost.

Interest-free refundable Security Deposit

Ten months’ Rent

Date from which the space available

1st April 2017

Service Tax and other statutory levies

Applicable on rent, O & M, Electricity, AC charges and other charges as may be imposed by central (or) State Government from time to time.                                                                 

b) Car / Two-wheeler Parking subject to availability:

  • Covered Car park:

                        (i)   For Basement – I                     ..Rs. 1200/- per Car per month
                        (ii)  For Basement II                       ..Rs. 1000/- per Car per month

  • Open Car Park                                           ..Rs. 500/- per Car per month

2.Two-wheeler Parking                                ..Two-wheeler parking is free of cost.

3. PREMATURE CLOSURE:

            In the event of Lessee wishes to terminate the lease agreement prior to the completion of the lock-in period of EIGHTEEN MONTHS, then the Lessee will have to forego the entire interest-free Security Deposit paid to the Lessor and the Lessor will not be liable to return the said Security Deposit.

After expiry of EIGHTEEN MONTHS, the Lease is terminable on either side by giving THREE MONTHS’ NOTICE.


4.  ALLOTMENT OF SPACE:

  • Application for allotment of space can be downloaded from the website or obtained in person from the company.
  • The application form duly filled-in is to be submitted together with interest free booking advance equivalent to three months rent by cheque / DD in favour of “TIDEL Park Ltd.” payable at “Chennai”.
  • The application received with Booking Advance will be scrutinized and letter of allotment will be issued taking into account the nature of activities proposed to be carried out by the applicant and the TIDEL’s allotment procedure.
  • The balance amount of interest-free Security Deposit has to be paid within 21 days from the date of allotment by the allotted company. The booking advance of other applicants will be refunded on signing the lease agreement by the allotted company with TIDEL.  
  • The Standard Lease Agreement of TIDEL is to be signed within 30 days from the date of allotment but not later than the date of occupation.  
  • The completed applications should reach the undersigned within the stipulated time.  Applications if any received beyond the stipulated time will be rejected automatically.
  • Last date for receipt of application with three months booking advance is 21 days from the date of this notification i.e 21st February 2017, by 3 p.m.
  • In case the applicant desires to withdraw the application prior to payment of balance security deposit, the booking advance will be refunded after deducting 10% of the advance paid towards administrative cost incurred by the company.
  •  TIDEL has the right to accept (or) reject any application without assigning any reason.

Place: Chennai

                    MANAGING DIRECTOR

Date:  1st February 2017

TIDEL Park Ltd.

DOWNLOAD APPLICATION

For further details, please contact the following persons.

Contact person
Designation
Contact No.
Mr. M.VASAN 
MANAGER Customer Relations & Commercial
+91-9940075962