Compare Listings

Haryana finalises land lease policy for foreign investors

Haryana finalises land lease policy for foreign investors

Less than a month after suggesting Haryana as an alternate for multinational companies and foreign investors keen on shifting base from China, the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has issued details of land lease policy for such investors.

Unlike previous allotments, this time there will be two categories of plots less than one acre (but above 1800 sq metre) and one acre and above. HSIIDC has fixed Rs 10 crore as price for plots less than an acre (above 1,800 sq metre) and Rs 25 crore for plots measuring one acre and above.

The plots will be allotted on basis of e-bidding and the winning bidder will have to deposit 20% of the cost upfront and then complete implementation of the project within two years. There is a provision of two extensions of one year each but there will be no extension after four years of allotment.

The industries which will be given priority in allotment include auto, auto components and light machines, agro-based food processing and allied industries, textile apparel, footwear and accessories, IT and ITES.

Haryana chief minister Manohar Lal Khattar had video interactions with representatives of MNCs, especially from US, Korea, and Japan in May and had offered Haryana as an investment destination. Around 60 companies had expressed keenness to invest in India and most of the companies keen to shift their base from China to India have already got units in the state.

Source

img

Axiom Landbase

Related posts

Signature Global to launch Rs 8,500-cr realty projects in FY23-24 acquires 25.14 acres in Gurugram

Real estate company, Signature Global on Monday also said that it comes with the new group housing...

Continue reading
by Axiom Landbase

Vatika Chowk Underpass Inaugurated, SPR Repairs to Begin

The highly anticipated underpass at Vatika Chowk has finally been inaugurated by Chief Minister...

Continue reading
by Axiom Landbase

Realtor Anant Raj Aims To Generate Rs 500 Crore By Issuing Securities

Realty firm Anant Raj Ltd has recently devised a plan to raise Rs 500 crore through securities...

Continue reading
by Axiom Landbase
whiteland-Aspen

ENQUIRE NOW