CM announces perks for developers setting up ‘Integration Information Technology townships’

By Accommodation Times News Services

fadnavis- CMChief Minister Devendra Fadnavis at a cabinet meeting approved the new policy for IT and IT-enabled services (ITeS), which includes floor space (FSI) incentives and lower power tariff. In the policy the government announced perks for builders and developers setting up ‘Integration Information Technology townships’, which will be tagged as smart cities.

Now, IT sector will be able to use a FSI of 3, instead of 2. In a first, it also allows perks given to technology parks to be granted to data centre operations.

Fadnavis said these would function on the ‘Walk to Work’ concept with residences permitted inside integrated townships. The proposal includes capital incentives for BPOs in rural and semi-urban areas, and fiscal incentives for skill training for these.

Maharashtra accounts for 20 per cent of the country’s IT exports, and Fadnavis government’s policy to encourage IT/ITeS is the fourth such exercise since 1998. The 2009 policy that expires on June 30, 2015, allowed 100 per cent additional FSI in cities. The Fadnavis government increased it to 200 per cent allowing developers of such parks and services to construct up to three times the plot size.

The government said for Mumbai and areas in MMR, additional FSI will be available for a premium of 30 per cent over ready reckoner rates, whereas it would be available at 10 per cent rates in other pockets. For developers setting up IT parks in Naxal-infested pockets, no premium would be collected.

Fadnavis warned investors that, if they start an IT-enabled services industry and later misuse the benefits, heavy penalty, to the tune of 0.3% of the investment per day, would be imposed. He said that the new policy has clearly stated the negative, as to what kind of activities, including malls and theatres, are not allowed in the IT-enabled services premises.

The chief minister said he had ordered a detailed report on misuse of perks and added that the new policy had in-built measures to prevent misuse.

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