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Govt. scrutinize before de notifying DLF SEZ

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Realty in combination with the IT slump had forced the realty giant DLF to ask the govt. to de-notify its four SEZs which are at almost zero occupancy level. Sources reported at www.propertykhazana.com reveals that earlier DLF had constructed four SEZs at the locations of Kolkata, Bhubaneswar, Sonepat and Gandinagar but due to slump in IT and realty it has been left with no occupancy and hence forced to ask for de-notification criteria.
Commenting on the issue a govt. official says that “before issuing the de-notification certificate, the govt. body will first perform a thorough examination of all the issues related to the matter. Apart from this the commerce department of the govt. has also urged a thorough scrutiny of the matter before the final nod of de – notification as added on www.propertykhazana.com. All these four SEZs will be de-notified only if it has no single unit and it should not affect any business organization attached with the concern SEZ area as added by a senior executive of customs department at the www.propertykhazana.com.
However a clear moral declaration been assured to the DLF for the de–notification of the four SEZs, but coming to the case of Goa SEZ projects it has a different picture as situation is bit complicated regarding is de notification approval. It was all because, the proposed SEZ in Goa has still few units operating at some corner of the SEZ and the de-notification will surely hamper the business prospect of the respective groups. For more updates visit www.propertykhazana.com.
Source: NBTVLIVE

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