Maharashtra chief minister Devendra Fadnavis announced the new information technology policy . The IT policy offers enhanced floor space index (FSI) at a rationalized premium for the industry .
Apurva Chandra, state industry secretary , said the state's IT policy has been brought in line with those for Bangalore, Hyderabad and Chennai.
The state government, through its new policy , has increased the FSI for the IT industry by 200% over the base FSI. The premium for the additional FSI will be 30% of the existing ready reckoner rate in Mumbai Metropolitan Region and Pune, and 10% in other areas.
The earlier Congress government, too, had offered additional FSI and even allowed residential buildings in IT parks. IT industries, though, did not set up units in Mumbai. IT parks were then taken over by financial companies and the additional FSI proved a huge bonanza for developers. Residential flats were sold to anyone who could afford them.
Chandra said Bangalore offered a base FSI of 3.21 and use of transfer of development rights from 1.95 up to 5. “In Hyderabad, there is no FSI limit. What we are offering is less than what is being offered by these cities. But we also offer better trained manpower, which is important for IT as well as for quality of life,“ he said.
The government is hopeful that while Mumbai may not attract the IT industry given the high cost of land, Pune and Navi Mumbai would benefit.
It has proposed integrated IT townships along Mumbai-Pune Expressway . The government is offering 2.5 FSI for such townships in Mumbai-Pune belt and 2 in other parts of the state, for which premium will have to be paid. With the policy , the government has set a target of generating one million new employments and raising exports to Rs.1 lakh crore annually .
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