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<h1>L&T Infocity's Hyderabad Industrial Park Gets Green Light Under Section 80-IA, Ensures Major Industrial Allocation</h1> The Central Government has approved an industrial park developed by L & T Infocity Limited in Madhapur, Hyderabad, under section 80-IA of the Income-tax Act, 1961. The park spans 146.09 acres, with 91% allocated for industrial use and 9% for commercial purposes, accommodating 38 industrial units. Total investment amounts to 15,00,00 lakhs, with significant allocations for infrastructure and built-up space. The park must maintain at least 66% of its area for industrial use, with infrastructure development costs constituting at least 50% of the project cost. The approval is contingent on compliance with specified conditions, with potential withdrawal for non-compliance.