Navi Mumbai is a beautiful planned city. The development plan for Navi Mumbai envisages planning and development of various nodes or townships. Each nodal settlement is spread over 500 to 800 hectares of land and is further sub-divided into sectors. Each node has a population of about 100,000 to 300,000. The entire Navi Mumbai township is expected to have about 20 nodes with a total population of about 2 million and 10,00,000 jobs. The major job centres are planned at a number of locations taking into account the existing and future proximity of infrastructure, availability of port, natural gas etc.
The International Infotech Park (IIP) at Vashi, the Technology Centre at Belapur, and the Millennium Business Park at Mhape and the IT Hardware Park at Dronagiri offer tremendous potential for business related to computer hardware and software. Offices are available in these buildings for setting up Business in information technology, electronics, telecommunication and related industry. The best of all is that a single window clearance has been provided in the IIP to take care of all government formalities. Reliance Industries Ltd has set up biggest IT park and telecommunication centre in TBIA area. Reliance Industries Ltd is also on his way to set up three more SEZ in the vicinity of Navi Mumbai. Navi Mumbai is right on its way to becoming the Silicon Valley of India.
A host of unique projects are on the anvil, such as the Multiplex and Family Entertainment Complex, International Exhibition Centre, Amusement Park, Golf Course, International IT Hardware Park and the like are expected to put-up Navi Mumbai on to the world map.
Incentives The Maharashtra Government has offered incentives to the Corporates taking up offices in these parks.
The incentives are:
- Property transactions within the Parks shall be exempted from Stamp Duty with Registration Charges subjected to a maximum of Rs.1000.
- Electricity Duty has been waived.
- If Octroi has been levied it shall be refunded.
- Sales Tax @ 2% only shall be levied on Computer Hardware Products.
- The IT Hardware Park at Dronagiri has been awarded with all those additional incentives, which are offered to industrially backward areas.