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Floor-wise denotification to help unlock 15-18 million sq ft operational SEZ space: Study

The recent central government notification allowing floor-wise denotification of IT Special Economic Zones (SEZs) is expected to rejuvenate the appeal of IT/IT-enabled services SEZs, transforming them into dynamic office hubs, according to a JLL India study. ....

Samantak Das , Rahul Arora , Office Leasing Advisory , Head Of Research , Special Economic Zones , Chief Economist , Leasing Advisory , Sez Floor Wise Denotification , Sez Denotification , It Ites Sez , New Sez Rules ,

Office space leasing revival is subject to conditions

Much-awaited clarity on the denotification process for special economic zones is good news for commercial real estate sector, but permission for denotification is subject to certain conditions and the benefits won t accrue immediately. ....

Piyush Gupta , Capital Markets Investment Services , Special Economic Zones Act , Institutional Securities , Colliers India , Capital Markets , Investment Services , Office Space Leasing , Commercial Real Estate , Special Economic Zones , Denotification Of Sezs , Office Rentals , High Vacancies , Gradea Office Stock , Sez Units , Real Estate ,

Amendments in SEZ Act to benefit commercial office leasing

Flexibility to demarcate part area without significant cost implications is a positive. The changes made to the Special Economic Zones Act, 2005 (SEZ Act) on December 6, 2023, by the Department of Commerce, are anticipated to greatly decrease the vacant office spaces in major cities of India due to increased leasing activities. ....

Anand Kulkarni , Saina Kathawala , Department Of Commerce On , Special Economic Zones Act , Associate Director , Sez Act , Amendment In Sez Act , Special Economic Zones , Indian Real Estate , Property Market , Commercial Office Leasing ,

IT SEZ: Govt allows IT SEZs floor-wise denotification, move likely to help reduce vacancy levels

Government has granted relief to office park owners and operators by allowing partial and floor-wise denotification of Special Economic Zones (SEZs) through an amendment to SEZ Rules, 2006. The move permits demarcation of a part of SEZ built-up areas for non-processing uses, with a focus on information technology and IT-enabled services. ....

United States , Sunil Pareek , Sanjay Dutt , Assetz Property Group , Tata Realty Infrastructure , Department Of Commerce , Special Economic Zones , Tata Realty , Assetz Property , It Sez , Tax Benefits , Jll India ,