LML Realty Announces ₹150 Crore Investment for New Industrial Park in Haryana, ETRealty

<p>Representative image created by AI</p> — Representative image created by AI

NEW DELHI: LML Realty, the real estate arm of LML brand, plans to invest ₹150 crore to develop its first industrial park project in Firozpur Jhirka, Haryana.

The project has been approved under the state government’s Promoting Access and Development of MSME Advancement (PADMA) scheme.

Spread over 35 acres, the LML industrial park will offer ready-to-move plug-and-play units, an exhibition and display centre, on-site R&D and testing facilities.

The PADMA Scheme will offer a comprehensive package of incentives for MSMEs setting up in the park, including up to ₹2 crore in benefits per unit, 75% SGST refunds for the first seven years, up to ₹30 lakh in capital subsidy, 100% electricity duty exemption for 12 years, and branding, technology, and R&D assistance of up to ₹50 lakh.