Credai Pune Metro welcomes state government’s IT Policy 2023

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Pune, 29 : “We welcome the new IT Policy 2023 announced by the Government of Maharashtra. It truly encourages digital transformation and will take us towards making Maharashtra a leading Digital Hub. The CREDAI Team led by Amar Manjrekar was coordinating with the concerned government departments for faster introduction of this policy. This policy will help in facilitating creation of  the required infrastructure and jobs for skilled professionals which will directly – indirectly help the real estate segment,” said Ranjit Naiknavare, President, CREDAI Pune Metro on State Government’s IT Policy 2023.  

The policy aims to attract new investments to the tune of 95000 Cr that can generate close to 3.5 Lakh new jobs which can eventually translate into an export of 10 Lakh Cr. If this target is achieved then the state will emerge as the technology capital through the balanced development of the state. The new IT Policy 2023 will make Maharashtra as the first choice of new IT companies that are looking for setting up their operations in India or for the ones that are looking for expansion.

It will boost the demand for commercial space for the use of IT and ITES companies since it proposes a lot of benefits like a waiver of stamp duty, electricity duty, and water charges. IT and Data Center Industry would be allowed 24X7X365 days and would be under ESMA Act. To boost the presence of IT & ITES units across the state, the policy provides incentives, rental expenditure, electricity duty, Power Tariff, and property tax etc. Further, IT Parks or IT Units could be set up in residential, no-development & green zones are some provisions which will prove to be beneficial for the commercial segment in real estate.

Additional FSI of 5 for Greater Mumbai while 4 for other areas. Relevant DCRs, CDCPRs & UDCPRs will be amended accordingly by all concerned Special Planning Authorities (SPAs).  No premium will be charged for additional Floor Space index (FSl)’ in Vidarbha, Marathwada, Dhule, Nandurbar, Ratnagiri and Sindhudurg, while only 50% of applicable premium will be charged in other developed areas of State is also a welcome step and contribute towards well spread infrastructure development across various regions of Maharashtra.