Industrial park approval conditions: entitlement to tax incentives tied to infrastructure thresholds, unit occupancy limits, and compliance. Notification designates M/s. Hiranandani Builders' undertaking as an approved industrial park for tax incentives under clause (iii) of the relevant industrial-park provision, specifying location, area, permitted activities, allocable industrial and commercial area percentages, minimum units, investment figures, and commencement date. Conditions require minimum infrastructure expenditure ratios, defined common infrastructure components, a cap on any single unit occupying more than fifty percent of allocable industrial area, separate statutory approvals for foreign investment, developer's continued operation for benefit-period eligibility, transfer notification procedures, and grounds for invalidation or withdrawal for misrepresentation, nondisclosure, delay, or noncompliance.
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Industrial park approval conditions: entitlement to tax incentives tied to infrastructure thresholds, unit occupancy limits, and compliance.
Notification designates M/s. Hiranandani Builders' undertaking as an approved industrial park for tax incentives under clause (iii) of the relevant industrial-park provision, specifying location, area, permitted activities, allocable industrial and commercial area percentages, minimum units, investment figures, and commencement date. Conditions require minimum infrastructure expenditure ratios, defined common infrastructure components, a cap on any single unit occupying more than fifty percent of allocable industrial area, separate statutory approvals for foreign investment, developer's continued operation for benefit-period eligibility, transfer notification procedures, and grounds for invalidation or withdrawal for misrepresentation, nondisclosure, delay, or noncompliance.
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