Industrial park approval grants conditional tax benefits after compliance, unit occupancy and infrastructure thresholds are met. The Central Government notifies M/s. Jayabheri Properties Private Limited's undertaking at Survey No.14-P(Part), Madhapur, as an Industrial Park under clause (iii) of sub-section (4) of section 80-IA, subject to conditions: specified area and activity mix, approximately 90% industrial allocation, minimum units requirement, and stated investment and commencement. Conditions include minimum infrastructure investment thresholds (50% general, 60% where built-up space provided), infrastructure definitions, a cap preventing any single unit occupying over 50% of allocable industrial area, separate statutory approvals, operation/maintenance by the developer during benefit period, transfer notification procedures, and invalidity/withdrawal for misrepresentation or non-compliance.