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Govt. puts green signal to 9 SEZ

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After the economic slowdown SEZ is making a higher significance in Indian realty. According to the source available with the www.propertykhazana.com recently looking to its importance in the country’s economy govt. has recently put green signal to nine pending proposals of Special Economic Zone across the nation.
First one among all is the one in Mumbai under the sole domination of Mukesh Ambani’s Reliance industries in collaboration with Anand Jain. Sources of www.propertykhazana.com also reveals that the approval committee of ministry of commerce has currently said formally ‘yes’ to seven SEZ and other two has been offered the ‘in – principle’ clearance. It was a close door conversation headed by G K Pillai – the commerce secretary among the party heads and business analysis before putting them on work. Here around 12 proposals were taken on account of the final approval and nine were cleared along with the most debated Kerala Infrastructure’s IT Project considering their criteria of land acquisition.
“The IT SEZ of Larsen and Toubro’s were put on hold due to the reason of uncertainty air of land issues to the project” say’s G K Pillai. As per the sources of www.propertykhazana.com the Navi Mumbai IT SEZ is under a different enclave of tax free with a total land mass of around 5500 hectares. In this category the other two are karikal Port SEZ and Lepakshi Knowledge Hub Pvt. Ltd in Anantapur district of Andhra Pradesh. Interestingly out of all the applicants coming across the country only 552 projects were given the formal sanction with a criteria of land possession of which 87 are in operational mode and rest 278 has got the notification from the govt. For more and regular realty updates browse www.propertykhazana.com.
Source: NBTVLIVE

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