The Telangana government has announced a major policy shift to convert 22 industrial parks into multi-use zones, opening up 9,200 acres of land for diverse development activities. The initiative will allow multiple types of establishments including offices, schools, apartments, hospitals, hotels, and technology parks within these industrial areas.
According to the government notification, the conversion will affect 4,740 plotted acres across the state. This move is expected to transform the landscape of industrial zones by permitting mixed-use development that was previously restricted to manufacturing and industrial activities only.
The government has introduced an impact fee structure for landowners seeking to convert their industrial plots. Properties located on roads with width less than 80 feet will be charged an impact fee of 30 percent. For plots situated on roads with width greater than 80 feet, the impact fee will be 50 percent.
The policy will be implemented across several key industrial clusters in and around Hyderabad. The major areas identified for this transformation include Balanagar, Kattedan, Nacharam, Cherlapally, and Kukatpally. These locations house some of the oldest and most established industrial estates in the state capital.
The conversion into multi-use zones is aimed at optimizing land utilization in areas that have seen changing economic patterns over the years. Many industrial parks in these clusters have witnessed a shift from traditional manufacturing to service-oriented businesses and technology companies.
The new policy allows for residential apartments, educational institutions, healthcare facilities, hospitality projects, and commercial office spaces to coexist with existing industrial units. This integrated approach is expected to reduce pressure on residential areas and provide better infrastructure for working professionals.
Property owners and developers in the affected industrial parks will now have the opportunity to redevelop their land holdings for multiple purposes, subject to payment of the prescribed impact fees. The revenue generated from these impact fees is likely to be utilized for improving infrastructure in these zones, including road widening and utility services.
The 22 industrial parks being brought under this new framework represent a significant portion of the industrial real estate in Greater Hyderabad and surrounding areas.
