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Home » SEZ
SEZ
approved sez land for saleThe Special Economic Zone is demarcated for specialized economic development that is oriented towards increasing FDI inputs and boosting export activities, through special policy incentives. An SEZ area typically involves strategically located infrastructure that is geared up towards meeting the special demands and requirements of corporate organizations. We at Jain Oncor as a consultant to provide our customers approved land for sale, offices spaces facilities located in SEZ areas like Gurgaon, Noida, Uttranchal, Banglore, Pune, Mumbai, Chennai with a view to boost clients' business activities and business interests.


1. New Norms.
  • The Center has introduced a cap of 5,000 hectares for multi-product SEZs and said that 50% of the land area should be set aside for core business activities up from the earlier 25%. The government also said that the state government should not get into land acquisition and that private developers should buy land directly for their project.
  • The ministry has relaxed the rules for the property developers who would apply for huge multiproduct SEZ to be developed over an area of 1,000 hectares. Two land segments being separated by road, railway line or another tract of land which a developer is not able to acquire may be considered contagious if they are linked with an underpass or an overpass. Also, the proposals where land was yet to be acquired by the developers would have to be abide by the proposed rehabilitation policy
  • Some of the amendments will be increasing the processing area in multi-services Special Economic Zones (SEZs) from 35 percent to 50 percent of their total area as well as directly giving formal nod to those proposals with land.
  • Earlier the practice was, multi-services SEZs with minimum area of 100-hectare were treated at par with huge multi-product SEZs with a minimum area of 1,000 hectares and were supposed to keep separately 35 percent of their total area as processing area and for housing units that would help exports. While the rest of area was called non-processing area and would used for social amenities etc.
  • Thus now the criteria for approval for a SEZ is that the developer should possess the land. Once approval is received, developers need to complete several procedures in their states. This includes providing proof of legal right and possession and a certification that the acquired land is free from legal encumbrances.
2. Investment Criteria.
  • To qualify for developing a multi-product SEZs, the net worth of the applicant has to be at least Rs.250 crore and the minimum investment in the project Rs.1,000 crore. For sector specific SEZs, the applicant net worth has to be a minimum of Rs.50 crore while the minimum investment criteria is Rs.250 crore. For applying for IT SEZs, net worth of the applicant has to be Rs.100 crore.
  • The list of authorised operations for IT, bio-teh and gems and jewellery SEZ include roads, housing appartments, convention centre, cafeterias and restaurant, air conditioning, telecom and other communication facilities, electrical, gas and PNG distribution network and recreational facilities.
  • Sector-specific SEZs will be allowed to have additional operations including hotels, schools and educational and technical institutes. Multi-product SEZs will also be allowed to have ports, airports and golf-courses.
  • Sector specific SEZs will be allowed to have 7,500 houses, hotels with a total of 100 rooms, a 25 bed hospital and schools and other educational institutions over 25,000 square meters.
  • Multi-product SEZs will be allowed 25,000 houses, a 250 rooms hotel and a hospital with 100 beds. Developers will not get tax concessions for any construction beyond the specifications.

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