LML Realty Park Gains PADMA Status to Support MSMEs in Haryana
Real Estate

LML Realty Park Gains PADMA Status to Support MSMEs in Haryana

LML Realty has announced that its upcoming industrial park in Haryana has been officially accredited under the state government’s PADMA (Promoting Access and Development of MSME Advancement) scheme. The recognition enables micro, small and medium enterprises (MSMEs) operating within the park to access a broad set of financial and infrastructural incentives designed to strengthen manufacturing competitiveness and innovation.

Located along National Highway 248 on the Sohna–Alwar corridor, the industrial park benefits from strategic connectivity to the Delhi–Mumbai Expressway, Gurugram, Faridabad, and the Indira Gandhi International Airport. The project offers industrial plots starting from 500 square yards, priced from around Rs 7.5 million, catering to entrepreneurs seeking ready industrial infrastructure in the National Capital Region.

Under the PADMA framework, eligible enterprises can avail incentives exceeding Rs 20 million per unit. These include a capital subsidy of up to Rs 3 million, interest subsidies between five and seven per cent on term loans, collateral-free funding of up to Rs 100 million, and a 75 per cent refund on stamp duty. Additional benefits include a 100 per cent electricity duty exemption for twelve years and a 75 per cent SGST refund for the first seven years of operations.

According to LML Realty’s Managing Director and CEO, Dr. Yogesh Bhatia, the park has been designed as a sector-neutral and innovation-friendly ecosystem, offering plug-and-play facilities, exhibition spaces, and R&D support to small and medium enterprises. He added that the PADMA accreditation reinforces LML Realty’s contribution to the state’s industrial growth and aligns with the broader “Make in India” vision aimed at supporting MSMEs with integrated infrastructure and government-backed incentives.

LML Realty has announced that its upcoming industrial park in Haryana has been officially accredited under the state government’s PADMA (Promoting Access and Development of MSME Advancement) scheme. The recognition enables micro, small and medium enterprises (MSMEs) operating within the park to access a broad set of financial and infrastructural incentives designed to strengthen manufacturing competitiveness and innovation. Located along National Highway 248 on the Sohna–Alwar corridor, the industrial park benefits from strategic connectivity to the Delhi–Mumbai Expressway, Gurugram, Faridabad, and the Indira Gandhi International Airport. The project offers industrial plots starting from 500 square yards, priced from around Rs 7.5 million, catering to entrepreneurs seeking ready industrial infrastructure in the National Capital Region. Under the PADMA framework, eligible enterprises can avail incentives exceeding Rs 20 million per unit. These include a capital subsidy of up to Rs 3 million, interest subsidies between five and seven per cent on term loans, collateral-free funding of up to Rs 100 million, and a 75 per cent refund on stamp duty. Additional benefits include a 100 per cent electricity duty exemption for twelve years and a 75 per cent SGST refund for the first seven years of operations. According to LML Realty’s Managing Director and CEO, Dr. Yogesh Bhatia, the park has been designed as a sector-neutral and innovation-friendly ecosystem, offering plug-and-play facilities, exhibition spaces, and R&D support to small and medium enterprises. He added that the PADMA accreditation reinforces LML Realty’s contribution to the state’s industrial growth and aligns with the broader “Make in India” vision aimed at supporting MSMEs with integrated infrastructure and government-backed incentives.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code