How to Select Industrial Plots In India

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Reliance Industrial Plots in Delhi NCR are a state subject. So many options are available for setting up a unit for which the investor may interact with the respective State Industrial Corporations (IDCs) with their business plans and desired land size. The applications are then evaluated and decided based on merit.

Industrial Plots in Delhi NCR are deficient in big cities, though you can still get a good piece of land in smaller towns or even the outskirts of the cities. Before buying an Industrial land in India, it's necessary to make sure that owning is right for your business and for the long-term.

Therefore, it is essential for Industrial land buyers to check for the following components thoroughly:

1) Selecting a Location:

Choosing land is not difficult. You find a land, offer a price, you confer and deal, simple. But what we really want to take care about is its location. The land and its closeness to roads, markets, important landmarks, nearby cities/ states and transport management plays important role in selection for an Industry land.

2) Land Title:

You will need to check on the history of that land – whether it still holds rights or interests of any third party that could arise after you buy the land. Always make sure that you have had look at the ownership of land papers. It will save you a lot of headache later. Make sure you have the correct legal advice on the whole range of approved documents required.

3) Land Acquisition:

There have been an increasing number of political and social protests against the acquisition of land by various industrialists. They have roamed from Bengal and Uttar Pradesh in recent times. The acquisition of 997 acres of land by Tata Motors in Bengal in order to set up a factory for the low cost car in India was protested. At least a decade before the Singur episode similar events occurred in West Bengal, even though the opposition parties and other civil society organizations endured silent at that time. Likewise, the Sardar Sarovar Dam project on the river Narmada was planned on land acquired, but the project was later canceled by the World Bank

The possible proposals to land purchasing is leasing the land from landowners for a certain contract period. Policies of land purchasing gave way to political insolence where land is acquired cheaply by securing favors from local governments and sold to industries at abrupt markup prices. Leasing land, may also support sustainable project development since the lands need to be returned to the landowners at the end of the lease period in a condition like its original form without considerable environmental demolition.

When the land is leased then anybody who has to alternatively give up land or else livelihood will be indemnified for its growing valuation over time. In this model, the landowner lends her/ his land to the government for a steadily increasing rent, or through an annuity based system as now practiced in Haryana and Uttar Pradesh.

Some of the industries already follow the model of leasing lands instead of buying it. Energy development projects such as oil & gas extraction usually lease lands. Renewable energy projects such as Wind Power farms projects often lease the land from land owners instead of trying to purchase the land which could make the projects unnecessarily expensive.

4) Topography:

Another factor to consider is Topography. Topographic information such as altitude above sea level and that of the surrounding areas are necessary to consider. The quality of soil in that particular area, presence of ground water has a very positive effect on the price of the land as well as on the construction part of units. You will also have to consider the size of the selected site is large enough for your immediate purpose and also if necessary, for future expansion. A regular shape will make it easier to plan.

5) Construction Guide Lines & Procedures:

An important consideration to look into is the various government guidelines for setting up a factory, searching permits from various departments (including electricity, water, etc) and filing registrations along with necessary fee, important taxation, etc.

The Floor Space Index (F.S.I) or Floor Area Ratio (F.A.R) is also an important factor to be taken care of before buying a land. Floor Space Index determines that how much portion of land can be used for construction. Floor Area Ratio is used by local governments in zoning codes. Higher Floor Area Ratios tends to indicate more urbanconstruction.

6) Local Mind Set:

Understanding global issues and its effect and interconnection with local matters creates a greater understanding about the land. It is not primarily a business or economic issue. For example- local politics with regard to the migrant crisis or global currency. It is philosophically a challenge for everyone. One cannot exist without the other.

Getting to a corporate global mind set requires individual managers to demonstrate a global mentality. Think globally and locally concurrently; recognize situations in which demands from both global and local component of a corporate global mind set.

7) Infrastructure:

Creation of Industrial infrastructure facilities like power distribution network, water, roads, banks, raw materials, storage and marketing outlets, telecommunication, drainage and pollution control facilities, common service facilities and technological backup services for Micro, Small and Medium Enterprises or Large Scale Integration in the new/existing industrial estates. If roads exist but are too far away, the potential of the site might be limited by the cost of building an entry road.

8) Logistics and Site Connectivity:

Logistic infrastructure is very poor in India. India is a vast country and given that there is not enough road, railway and air connectivity. Manufacturing and logistics are basically linked as sectors. The transportation of goods is essential after production to complete the cycle of manufacturing. Given the aspiration of Make in India initiative to make India more of a global powerhouse when it comes to exports also reducing dependency on imports, more goods will be produced in the country than ever before. Without a strong logistic sector, the Make in India initiative will fall flat. The logistics sector will have the keep up with the flow of growth for the Make-in-India initiative to succeed.

9) Lack of Manpower Availability:

India is on the entrance of largescale industrial development. Hence, it is essential to visualize in advance the difficulties likely to be experienced in finding technicians, labor and admin staff in the required numbers and to take steps to meet all these difficulties.

10) State Policies:

Policies are issued by both, the Central Government and State Governments. Policies can goes from being relevant to a multitude of sectors, and being specific to a single sector.

Policies are extremely importance as they can determine the growth potential also the ease of doing business in a particular industry. Therefore, entrepreneurs should pay close attention to the both Central and State Government policies.

The Central and the State governments have introduced several policy measures, schemes and incentives for various industries, in general also specific to the sectors. Several schemes and policies have been maintained for the development of the MSME sector; while some of the schemes aim at increasing the flow of credit to the sector, some aim at technological upgradation, modernization of industries and revival of sick units, etc.

Attending to these determinants, a reposed investor can start buying the necessary land to cater to his needs.

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