Hyderabad, Nov. 23 -- The Telangana government on Sunday, November 23, cleared the Hyderabad Industrial Lands Transformation Policy which enables conversion of industrial lands within the Outer Ring Road limits into multi-use zones.

As per the new policy, 9,292 acres of industrial land including 4,740 acres plotted land will be converted into multi-use zones.

In order to convert the lands, the government has asked for one-time Development Impact fee. Plots facing roads below 80 feet will attract a DIF of 30 percent of the Sub-Registrar Office (SRO) value, while those facing roads above 80 feet must pay 50 percent of the SRO value.

Applicants are required to pay 20 per cent upfront during online submission on TG-IPASS, and the remaining...