New policy incentives aim to accelerate clean energy investments and support the state's renewable energy targets.

Maharashtra Grants 25% Transfer Fee Concession for Renewable Energy Land.

The Maharashtra Cabinet has approved a 25% concession in transfer fees and a complete stamp duty waiver for land acquired for renewable energy projects, providing a significant boost to clean energy investments. The incentive will be incorporated into the Maharashtra Renewable Energy and Energy Storage Policy 2025–2035-36 and applies to the transfer of land within a group or subsidiary company. Previously, such transfers required payment of 25% of the land's market value as per the Ready Reckoner (RR) rate, increasing project costs and delaying implementation. The decision supports Maharashtra's goal of meeting 50% of its electricity demand through renewable energy by 2029-30 and increasing renewable energy production to 65% by 2035-36. The government clarified that the concession is strictly for renewable energy development, and any misuse or diversion of land for other purposes will result in recovery of the transfer fee along with applicable interest.