Transforming Maharashtra Into a Global Tourism Powerhouse
The Maharashtra Tourism Policy 2024 has been introduced by the Government of Maharashtra to position the state as one of India’s leading global tourism destinations.
The policy lays a strong foundation for sustainable, inclusive, and investment-driven tourism growth over the next decade.
It aims to attract private investments of over ₹1 lakh crore and generate around 18 lakh employment opportunities across various tourism segments — including hotels, resorts, adventure tourism, wellness, rural tourism, heritage circuits, MICE (Meetings, Incentives, Conferences & Exhibitions), and coastal tourism.
Through this policy, Maharashtra envisions becoming a world‑class tourism hub by 2034, creating memorable experiences for visitors while enabling investors to participate in the growing tourism ecosystem.
Mumbai, Thane, Navi Mumbai Municipal Area
Nashik, Pune, Aurangabad, Nagpur Municipal Corporations
All other areas of Maharashtra
Specially Declared Tourism Zones
| Type of Unit/Zone | A | B | C, STZ/STD | Ultra Mega Project |
|---|---|---|---|---|
| Large / Mega / Ultra Mega Projects | 5 years | 7 years | 10 years | 15 years |
| MSME Projects | 5 years | 5 years | 7 years | - |
| Other Tourism Projects | 3 years | 3 years | 5 years | - |
Under the Maharashtra Tourism Policy 2024, eligible hotels, resorts, amusement parks, wellness centers, and other tourism units can claim 23 fiscal and 13 non-fiscal benefits. These incentives are designed to promote sustainable and high-quality tourism infrastructure across the state.
Direct financial assistance to offset the cost of setting up or expanding tourism projects. Eligible units can receive up to 30% of the eligible capital investment, depending on the project location category (A, B, C, D, D+, or No-Industry Districts). Projects in backward or hilly regions enjoy the highest subsidy rates.
View More DetailsTourism projects can avail additional Floor Space Index (FSI) at concessional premium rates. The discount varies between 50%–75% based on the project category and regional classification—helping investors optimize land use and expand capacity.
View More Details100% exemption from stamp duty and registration charges on land purchase, lease, and mortgage deeds executed for approved tourism units. This significantly reduces upfront capital burden.
View More DetailsRegistered tourism units are exempted from electricity duty for up to 10 years from the date of commencement of operations—resulting in major operational savings.
Tourism units are eligible for a special low-tariff category, creating recurring savings on electricity bills throughout the incentive period.
Reimbursement of interest paid on term loans taken for project setup or expansion. Eligible projects can receive up to 5% interest subsidy for 7 years, subject to policy limits.
View More DetailsProjects obtaining national or international certifications (ISO, HACCP, Green Globe, etc.) are eligible for reimbursement of certification costs. The incentive covers up to 75% of certification and audit expenses.
View More DetailsFinancial assistance for adopting eco-friendly initiatives such as solar power, waste management, and water conservation. Eligible units can claim up to ₹25 lakh or a percentage of the total project cost, depending on category.
View More DetailsThese non-fiscal incentives ensure a smooth, investor-friendly environment that accelerates tourism project implementation across Maharashtra.
The policy clearly defines what constitutes Eligible Capital Investment (ECI) for tourism projects and what is not included in ECI. This definition is crucial for determining the incentives available to various tourism units.
Eligible specifically for SGST refund only.
Includes machinery, transformers, generators, captive power plants.
Covers structures, buildings, mechanical, electrical, and plumbing installations, and waste treatment facilities.
Includes material handling equipment, fixtures, furniture, and fittings.
Ineligible for capital incentives except for SGST refund.
Excludes intellectual property rights and goodwill.
Expenses and consultant costs are not eligible.
Not considered as part of eligible capital investment.
| Zone | Subvention | Loan Value | Overall Ceiling |
|---|---|---|---|
| A | Up to 5% | INR 5 Crore | INR 20 Lakhs |
| B | Up to 5% | INR 10 Crore | INR 25 Lakhs |
| C, STZ/STD | Up to 5% | INR 15–20 Crore | INR 30–50 Lakhs |
| Ultra Mega Project | Up to 5% | INR 25 Crore | INR 75 Lakh |
100% reimbursement, capped at INR 2 lakh
100% reimbursement, capped at INR 10 lakh
Certification fees and 50% of consulting costs
Only certifications recognized by Department MoT eligible
Actual GST paid on sustainability initiatives
Lower of INR 25 lakhs or 25% of investment cost
• Installation of Pollution Control Device, Onsite waste converter
• Installation of waste water treatment, Rain water Harvesting
• Installation of renewable energy generation
• Installation of passenger and utility electric vehicle
• Others
Floor Space Index (FSI) defines the ratio of the total built-up area of a building to the total plot area. For example, an FSI of 2.0 means you can construct built-up area equal to twice the plot area.
Typically, to construct beyond base FSI, developers must purchase premium FSI or TDR at 35%–60% of the Ready Reckoner (RR) rate.
Under the Maharashtra Tourism Policy 2024, eligible tourism projects can procure additional FSI at a 50% discount on the prevailing premium rate, substantially reducing development costs.
| Sr. No. | Minimum Road Width | Maximum Permissible FSI (Greater Mumbai Region) | Maximum Permissible FSI (Rest of Maharashtra) |
|---|---|---|---|
| 1 | 12 m | Up to 3.0 | Up to 3.0 |
| 2 | 18 m | Up to 4.0 | Up to 3.5 |
| 3 | 24 m | Up to 5.0 | Up to 4.0 |
| Particulars | Without Tourism Policy | With Tourism Policy |
|---|---|---|
| Plot Area | 10,000 sq. mtr. | 10,000 sq. mtr. |
| Permissible Base FSI | 1.00 | 1.00 |
| Additional FSI Availed | 0.80 (via TDR/premium) | 0.80 (through Tourism Policy) |
| Total Built-up Area | 18,000 sq. mtr. | 18,000 sq. mtr. |
| Cost of Additional FSI | ₹36,000/sq.m (40% of RR ₹90,000) | ₹18,000/sq.m (20% of RR ₹90,000) |
| Total Cost for Additional FSI | ₹64.8 crore | ₹32.4 crore |
| Savings through Policy | — | ₹32.4 crore |
“By evaluating FSI options under the Maharashtra Tourism Policy 2016, our client saved over ₹10 crore in development costs — achieving optimal land use without purchasing high-cost TDR.”