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MARKET OVERVIEW

REAL ESTATE • October 2007

Special Economic Zones (SEZs)

  • Under the new SEZ Policy, formal approvals have been granted to 366 SEZ proposals

  • 142 have already been notified as SEZs, as on 30th August 2007

  • Fiscal benefits to IT Parks expected to come to an end in 2009; SEZs likely to be preferred for IT/ITeS commercial office space development

  • Policy allows usage of as high as 50% of area as non-processing zone, offering immense potential for residential & other support infrastructure.

Industry - Wise classification of formally approved SEZs

11%

4%

5% 2%

5%

69%

4%

n Electronics Hardware, IT/ITES/Electronics/ n Biotechnology n Engineering n Others

n Pharmaceuticals n Gems & Jewellery n Textile

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