De-Notification of 4.827 Hectares from Special Economic Zone in Hyderabad.
12 September 2024
M/s. Mindspace Business Parks Private Limited, formerly known as K. Raheja Corporation Pvt. Ltd. and Serene Properties Pvt. Ltd., had proposed the establishment of a Special Economic Zone (SEZ) for IT and IT-enabled services in Pocharam Village, Hyderabad. The Central Government had previously notified an area of 26.895 hectares for this SEZ, with subsequent de-notifications of 14.162 hectares and 7.906 hectares in 2007, 2019, and 2021 respectively.
M/s. Mindspace Business Parks has now proposed to de-notify an additional 4.827 hectares of the SEZ. The Telangana State Government has issued a No Objection Certificate for this proposal, confirming that the de-notified land will align with state land use guidelines. The Development Commissioner of Visakhapatnam SEZ has supported this de-notification. Consequently, the Central Government, exercising its authority under SEZ rules, has rescinded the notification for the specified area, effective immediately, except for actions taken prior to this decision.