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of <h1>Tata Housing's Mumbai Industrial Park Approved Under Section 80IA(4)(iii) for Tax Benefits; 97% Area for Industry Use</h1> The Central Government has notified M/s. Tata Housing Development Company Limited's industrial park in Mumbai under section 80IA(4)(iii) of the Income-tax Act, 1961. The park, located at Mahakali Caves Road, Andheri, spans 29,320.66 sq. meters and is approved for activities such as electricity, gas, water supply, and various consultancy services. The park allocates 97% of its area for industrial use and 3% for commercial purposes, with 109 proposed industrial units and a total investment of 143,131 lacs. The government may withdraw approval if conditions are not met or if any undisclosed material facts are discovered.
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