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<h1>Central Government Approves K. Raheja IT Park in Hyderabad for Tax Benefits Under Section 80IA(4)(iii) of Income-tax Act</h1> The Central Government has notified M/s. K. Raheja IT Park (Hyderabad) Private Limited in Mumbai for developing an Industrial Park at Mindspace Cyberabad, Hyderabad, under Section 80IA(4)(iii) of the Income-tax Act, 1961. The park, covering 1,32,851.81 square meters, will focus on manufacturing, utilities, communication, data processing, consultancy, and technical services, with 90% of the area for industrial use. A minimum of 30 units is required, with a total investment of 314 crores INR. Conditions include infrastructure investment requirements, compliance with tax laws, and maintaining operations to avail tax benefits. Non-compliance may lead to withdrawal of approval.