Maharashtra Government Eliminates 25% Land Transfer Fee for Green Energy Projects

The Maharashtra government has waived the 25% transfer fee on land for renewable energy projects, aiming to reduce financial burdens on companies and lower project costs. The waiver applies to transfers from parent companies to subsidiaries, provided the land is used exclusively for renewable energy. Misuse of the exemption will result in the full fee being charged along with interest.

Key facts

• Maharashtra government waives 25% land transfer fee for renewable energy projects.
• The waiver applies to transfers from parent companies to subsidiaries.
• The land must be used exclusively for renewable energy development.
• Misuse of the exemption will result in the full fee being charged along with interest.

Sources

• The Economic Times