Question 1

What is the Maharashtra Tourism Policy 2024?

Accepted Answer

MTP 2024 was notified on 18 July 2024 by the Maharashtra Tourism Department (GR TDS-2022/09/CR 542/Tourism-4). It is a 10-year policy (valid until 17 July 2034) offering fiscal and non-fiscal incentives to eligible tourism units including hotels, resorts, homestays, MICE centres, and adventure tourism projects.

Question 2

Who is eligible for hotel subsidies in Maharashtra?

Accepted Answer

Hotels, motels, and resorts with a minimum of 10 rooms are eligible under Accommodations Category (A). The unit must obtain a Directorate of Tourism NOC, secure building sanction with tourism FSI, then receive a Provisional Registration Certificate (PRC) after sanction. First investment must be on or after 18 July 2024.

Question 3

How much capital investment subsidy can a hotel get?

Accepted Answer

Hotels and resorts can receive 20% of eligible Fixed Capital Investment (FCI) or ₹20 crore, whichever is lower. The subsidy is disbursed in 5 equal annual installments from the Commercial Operation Date. Land cost is excluded from FCI except for SGST calculation purposes.

Question 4

What is the stamp duty exemption for tourism projects?

Accepted Answer

Stamp duty and registration charge exemption on sale deeds, lease deeds, and mortgage instruments: 50% in Zone A, 75% in Zone B, and 100% in Zone C and STZ/STD. You must obtain the stamp duty NOC from the Directorate of Tourism prior to land purchase — before executing the sale or lease deed. Retrospective exemption is not available.

Question 5

When should I apply for stamp duty exemption?

Accepted Answer

Before you purchase land. Contact Hotel Subsidy Solutions first, then obtain the stamp duty NOC from the Directorate of Tourism prior to any land transaction. Only after the stamp duty NOC is in place should you proceed to register the property, then apply for the DoT NOC for FSI, building sanction, and PRC.

Question 6

Is there a 100% FSI waiver for hotels in Maharashtra?

Accepted Answer

MTP 2024 provides additional FSI/FAR based on road width (up to 3.0–5.0 depending on location), not a blanket 100% waiver. In BMC areas, additional FSI is at 50% premium. Vidarbha, Marathwada, Dhule, Nagpur, Ratnagiri, and Sindhudurg have zero premium on additional FSI. Other regions pay 50% of UDCPR premium, with installment payment allowed.

Question 7

How does SGST reimbursement work for hotels?

Accepted Answer

SGST reimbursement is a percentage of net SGST paid: 50% (Zone A), 75% (Zone B), or 100% (Zone C & STZ) for the eligibility period (5–10 years depending on zone and project size). Total reimbursement is capped at eligible FCI and cannot exceed the policy eligibility period.

Question 8

What is the interest subvention for hotel term loans?

Accepted Answer

Up to 5% interest subvention on term loans for eligible tourism units. Loan caps and ceilings vary by zone: e.g., Zone A MSME — loan up to ₹5 Cr, ceiling ₹20 lakh; Zone C Mega — loan up to ₹15 Cr, ceiling ₹30 lakh. Interest subvention applies only to term loans, not working capital.

Question 9

How do I apply for tourism FSI in Maharashtra?

Accepted Answer

Contact Hotel Subsidy Solutions first. The process is: (1) Stamp duty NOC prior to land purchase; (2) Land purchase or lease; (3) DoT NOC for tourism FSI; (4) Building sanction; (5) PRC issued after building sanction. We handle the full sequence on your behalf.

Question 10

How do I apply for Maharashtra tourism subsidies?

Accepted Answer

Contact our team to start. Step 1: Eligibility review. Step 2: Stamp duty NOC before land purchase. Step 3: Land purchase or lease. Step 4: DoT NOC for FSI. Step 5: Building sanction. Step 6: PRC after sanction. Step 7: Final Registration and annual claims after commercial operations.

Question 11

What is a Mega Tourism Project under MTP 2024?

Accepted Answer

Mega projects meet both FCI and employment thresholds: Zone A — ₹300 Cr FCI + 400 jobs; Zone B — ₹150 Cr + 200 jobs; Zone C — ₹100 Cr + 50 jobs; STZ — ₹50 Cr + 50 jobs. Ultra-Mega projects require ₹500 Cr FCI and 800 jobs anywhere in Maharashtra.

Question 12

Can existing hotels claim MTP 2024 incentives?

Accepted Answer

Incentives apply to new projects or substantial expansion where first investment or term loan disbursement is on or after 18 July 2024. Projects under Tourism Policy 2016 that have not commenced commercial operations automatically transition to MTP 2024 benefits.

Question 13

What documents are needed for subsidy claims?

Accepted Answer

PRC application requires DPR, land ownership/lease documents, entity registration, and project cost breakdown. Annual claims require CA-certified FCI statements, purchase invoices, bank statements, SGST returns, electricity bills, and loan statements for interest subvention.

Question 14

Are homestays and resorts eligible for the same benefits?

Accepted Answer

Homestays, B&B, and vacation rentals fall under Accommodations (B) with 15% capital incentive (cap ₹15 Cr). Resorts and hotels under Category (A) get 20% (cap ₹20 Cr). SGST, stamp duty, electricity, and interest benefits follow the same zone-based schedule.

Maharashtra hotel subsidy FAQ — Tourism Policy 2024

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