Promotes foreign investment in the township projects in Uttar Pradesh.

On 2 October 2022, the Housing Department of Uttar Pradesh (UP) announced the new township policy of the Yogi government. Under the new township policy, developers can invest 100% in the township under the FDI policy and will be given 50% rebate in land use change fee and 100% rebate in development fee. In the earlier policy, only 25% in land use change fee was permissible. In addition, 50% exemption in stamp duty will also be given to the developers who buy the land after taking the license. According to the provisions of the policy, it will now be easier for the developers of the township to take the land and they will also be able to take the government land falling in the developed area.

• Type:

  • Entry and establishment (Ownership and control)
  • Promotion and facilitation (Investment incentives)

• Industry:

  • Services (Construction)

• Sources:

  • newsjani, Integrated Township | Now 100% foreign investment can be made in new township projects in UP., https://newsjani.com/%E0%A4%89%E0%A4%A4%E0%A5%8D%E0%A4%A4%E0%A4%B0-%E0%A4%AA%E0%A5%8D%E0%A4%B0%E0%A4%A6%E0%A5%87%E0%A4%B6/integrated-township-now-100-foreign-investment-can-be-made-in-new-township-projects-in-up-news-jani/, 02 Oct 2022
  • pipanews, Integrated Township | Now 100 percent foreign investment can be done in new township projects in UP, https://pipanews.com/integrated-township-now-100-percent-foreign-investment-can-be-done-in-new-township-projects-in-up-pipa-news/, 02 Oct 2022