Policy for Industrial Parks Comprising of Flatted Galas 2018

Key Features

Financial Assistance

Component

Assistance Provided

Detailed Explanation 

Enhanced FSI & zone-change premium

Up to 200% additional FSI may be permitted; zone-change premium at 15% of ready-reckoner rate (where applicable)

Example: A park in urban area with built-up gala of 100,000 sq ft obtains additional FSI facility, enabling higher occupancy by eligible units, thus reducing per unit land cost. Developer pays premium 15% if zone-change required.

Fiscal incentives (Garment sector units)

Garment units in these parks are eligible for incentive slab one zone above their location in the PSI scheme; also MIDC charges concessions on service & water charges if building completed within period.

Example: A garment unit located in Zone “C” would get incentives applicable for “B” zone under PSI; if building completion >=75%, service charges/fire-fighting cess 100% exempt and water charges concession 30% for remainder of development period.

Worker welfare & training assistance

Training assistance of ₹3,000 per employee per year for first 3 years; refund/coverage of employee contribution to EPF (12%) for eligible garment units; credit rating support (75% of cost up to ₹40,000)

Example: A garment unit has 200 employees; over first 3 years it receives 200×3,000 = ₹6 lakh as training assistance; if certified MSME obtains credit rating cost of ₹40,000, it gets 75% support i.e., ₹30,000.

Eligibility Criteria

Who Can Apply:

Who Cannot Apply:

Documents Required

Application Process for the Scheme

Option 1: Apply with Bullit (Recommended)

Click here to start with guided support. Our team verifies eligibility, compiles documents, and handles application & follow-ups on your behalf. You can monitor progress while focusing on operations. 
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Option 2: Government Process

  1. Submit proposal to Directorate of Industries (or MIDC as Special Planning Authority) for development of flatted gala park under this policy. 
  2. The park developer obtains Letter of Intent (LOI) / registration as an industrial park for target sectors.
  3. Once park developed, individual units within may register and avail incentives as per policy for their production operations.
  4. For units: apply for incentives (e.g., stamp duty reimbursement, welfare assistance) as per policy provisions.

Option 3: Offline Submission

Hard-copy application may be submitted to District Industries Centre or Directorate of Industries, with DPR and applicable attachments per policy guidelines.

Related Schemes