Overseas corporations, who plan to set up industrial project in India for the first time, start shopping for industrial land in the local open markets. Some of the stumbling blocks faced by them are lack of knowledge on the local industrial land rules and regulations, transparency, credibility, and ownership of the land. Some property brokers, engaged lack basic working skills and policies on industrial development. This makes identification and acquisition of land a difficult process. Sale prices for industrial land in the open markets have un wanted strings attached, making little sense to the buyers. Industrial land may vary in pricing structure and command a premium on two major factors that is the location of the land and availability of options in that market.... Read more