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Associate in the Real Estate Practice at the Mumbai office of Cyril Amarchand Mangaldas. Neha advises on real estate due diligence, land acquisition and commercial & residential leasing. She can be reached at


As envisaged in the IT Policy of 2023[1] (2023 IT Policy), Maharashtra Government, in accordance with the powers vested in it under Section 9 of the Maharashtra Stamp Act on February 1, 2024[2], issued the much awaited notification (2024 Notification) on full or partial waiver of stamp duty available to eligible new and expansion diversification units or projects, relating to Information Technology (IT), Information Technology Enable Services (ITES), Animation, Visual Effects, Gaming and Comics (AVGC) units, Data centres and Emerging Technology Units, (collectively IT/ITES Unit). The 2024 Notification is valid from June 27, 2023, to June 26, 2028, (both days inclusive) or for the currency of the 2013 IT Policy.Continue Reading Stamp Duty Exemption Under IT/ ITES Policy, 2023


Maharashtra was one of the first states in India to devise an Information Technology and Information Technology Enabled Services Policy in 1998. Thereafter, the policy was amended in 2003, 2009 and 2015. The Information Technology and Information Technology Enabled Services Policy of Maharashtra State-2023 (“2023 Policy”) was introduced by the Government of Maharashtra vide its resolution dated June 27, 2023[1] and it superseded Maharashtra’s IT and ITES Policy of 2015 (“2015 Policy”). The 2023 Policy aims to make the State of Maharashtra a global Information Technology (“IT”) and Information Technology Enabled Services (“ITES”) destination and the technology capital of India. The 2023 Policy is valid for a period of five years from June 27, 2023 or until a new policy is released.Continue Reading KEY HIGHLIGHTS OF MAHARASHTRA IT-ITES POLICY, 2023: IT/ITES UNITS, IITTS AND DATA CENTERS



‘Eco-Sensitive Zones’ (“ESZ”) or ‘Ecologically Fragile Areas’ are notified by the Ministry of Environment, Forests and Climate Change (“MoEF”) under the provisions of the Environment Protection Act, 1986 around the boundary of a ‘protected area’ (i.e. national park, sanctuary, conservation reserve or community reserve)[1] (“Protected Area(s)”) to create a “shock absorber/ transition zone” in the Protected Areas and to preserve the areas outside such areas, which are often considered as vital ecological corridor links, by regulating and managing the activities around such Protected Areas[2].  Continue Reading Supreme Court Relaxes Directions Concerning Eco-Sensitive Zones