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Subsidiaries to tackle the issue of land ceilings for developers

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Realty arena has maintained a numerous twist one after the other either by the civic bodies while in a construction or else there will be some new norms implemented by the govt. for the further rectification of the realty scenario. According to the sources of www.propertykhazana.com it was found that the concern authorities of the Indian states is strictly monitoring the development of SEZ in their respective areas and is planning for a ceiling for the land masses required to build the structure. To cope with such obstacles many developer have programmed for a subsidiary condition to maintain large amount of land to their names.
According to the state ceiling laws as prescribed by the central body influence only up to 25 acres of land mass for any development of special economic zone project. Source of www.propertykhaznana.com also reveals that the some states reduced the cap of ceiling up to 5 acres which is quite less for an effective development of a SEZ. Apart from this, few states like Maharashtra has adopted some self motivated policies to enhance the growth of the SEZ architecture around the states. This liberal policy has helped the state to conquer more number of SEZ than the rest of the states with bigger shape and size.
On the contrary other states like Karnataka is stagnant on less number of SEZ as compared to Maharashtra and is much smaller in size that ranges around just 250 hectares where as the largest one in Maharashtra has 1224 hectares of total land area as told by the sources to the www.propertykhazana.com.
Source: NBTVLIVE

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