"Kill 3 Birds in 1 Stone" or "Ghar Wapsi" or both - Maha style

Recently on 16th June 2015, the State Government of Maharashtra unveiled what it called an "Investor-friendly IT and ITeS Policy". The policy aims to attract an investment worth ₹50,000 crore and generate employment for 10 lakh people in state.

The policy, called the "new IT and Enabled Services Policy" offers sops including - an additional FSI upto 200% by charging a premium, subsidy on electricity tariffs, property tax at residential rates, concession on Works Contract Tax for IT and ITeS companies and also reimbursement of property tax for companies which set up their units in rural areas. 

So, if one looks at these sops, one wonders is it an attempt by the Maharashtra State Government to try to "kill three birds in one stone"?

Well... the way I look at it, - bird one - IT and ITeS companies, get them to set up shop in Maharashtra; Maharashtra has been losing out on these companies setting up large infrastructure and service centres to others states - Tamil Nadu, Andhra Pradesh and Karnataka; bird two - generate employment for 10 lakhs people in the state (employment generation is always a priority for any government). The bird three seems to be just little hidden away but is significant - a boast to the Infrastructure and Real Estate industry in the state. 

Or....

is the new policy is also aimed at facilitating a "Ghar Wapsi" of sorts for the large number of people from Maharashtra currently associated with the information technology (IT) sector who have moved to other states for jobs. Will it bring them back to set up and work for IT and ITeS related businesses in their home state?

or it is both... if so... then "it is four birds in one stone".... 

Whatever be the case -  all these sops under the new policy will definitely see an increase in activities around commercial real estate and setting up of IT parks which will also follow with an increase need for residential housing as these companies will need the physical infrastructure for their employees to work and also for them to reside. So... I see good times for the Real Estate Industry in Maharashtra, in the commercial and residential space, especially in Navi Mumbai, Pune and Thane.