The Maharashtra government has amended land laws to unlock agricultural land for industry as well as public, educational and medical institutes to promote ease of business under its Make in Maharashtra policy.
The changed rules are likely to boost industrial growth in the city’s suburbs. Under the changed rules, industrial units will be allowed to exploit up to nine times the existing building rights on agricultural land. Medical and educational institutes run by the state or public charitable trusts will be able to build up to four times the existing building rights on these lands.
However, the building rights have been capped at a maximum of 1 FSI which will essentially allow a ground plus one-storey structure depending on the width of the adjoining road, officials said.
FSI is a development tool that defines the extent of construction permissible on a plot. It is the ratio of built-up area to the total plot area. The additional building rights will be made available on the payment of a premium of 30 per cent of the land rate.
Small and medium scale industries can now be set up at a convenient location. While activists have called for a more calibrated approach, industrialists are smiling as municipal corporations of the Mumbai Metropolitan Region, Pune, Nagpur, Nasik, Raigad, Aurangabad, Ahmednagar, Nasik, Sangli, Jalgaon and Amravati welcome them with open arms.
The chief minister has also directed all departments to reform the approvals process.