Incentives available for establishment of Hotel Industries in Rajasthan
A. There will be no conversion charges for conversion of Agriculture land in urban areas and conversion of agriculture land for non-agriculture purpose in rural areas under Tourism Unit Policy 2007.
B. Maximum land area for allotment of land has been increase and special reserve price has kept from 10% to 50% of the commercial reserve price of the area for various Tourism Units under Tourism Unit Policy 2007.
C. Regularization of residential land and buildings which are running as hotels or other tourisms units without permission and are also operational the same shall be regularized on merits basis on payment of 25% of regularization fees under Rajasthan Municipality Rule 2000 under Tourism Unit Policy 2007.
D. F.A.R. for hotels already established will be increased from 1.75 to 2.0 to allow construction of additional floor under Tourism Unit Policy 2007.
E. For new Hotel projects under Hotel policy 2006 Floor area ratio (FAR) has been increased upto twice within scheme area subject to the condition that over all FAR of the scheme area shall not exceed 1 (one).
F. Fifty percent of the conversion charges shall be charged in case of conversion of land for development of Tourism Hub as declared by the Tourism Department Government of Rajasthan under the provisions of Tourism Hub Policy.
G. 50% concession in Stamp Duty and in conversion charges for developers of amenities around monuments (amenities- toilets, communication, and restaurant, parking facilities) under the provisions of Tourism Hub Policy.
H. Heritage Property which is converted into Heritage Hotel having Minimum of 10 rooms has been exempted 100% from conversion charges.
I. 75% concession in Stamp Duty on conversion of old Heritage properties (more then 100 years) into Hotels.
J. 50% Remission in Luxury Tax during the off-season i.e. April to July.
Incentives under Rajasthan investment promotion scheme, 2003 of Industries Department, Govt. of Rajasthan.
For new Tourism units:
A. Exemption in Luxury Tax:-
(i) 100% of Luxury Tax for a period of 7 years
B. Exemption in Stamp Duty:-
(i) 50% in stamp duty for a period of 7 years
C. Other Incentives:-
(i) 50% of entertainment duty for 7 years
(ii) 50% of electrical duty for 7 years
(iii) 50% from conversion charges
D. Interest subsidy to Tourism Units such as Hotel, Motel etc.
(i) 5% interest subsidy to and wage/employment subsidy.
(ii) An additional 1% interest subsidy for SC/ST entrepreneurs.
Note: Above exemptions are available from 1.7.2003 to 31.3.2011.
(courtesy:www.rajasthantourism.gov.in)
