A government resolution, issued last month, has substantially broadened the definition of IT by including a whole new gamut of services that can now be allowed in an IT park such as back offices of “travel and tourism facilitation, TV entertainment channels and sports and travel channels”.
The government has also increased the floor space index (FSI) from 2 to 3 for IT parks and allowed developers in cities like Mumbai, Navi Mumbai, Thane and Pune to use 20% of the land for commercial and residential purposes. Builders can now also sell a portion of the apartments to outsiders.
Read more: Times of India
