What is the Maharashtra Tourism Policy 2024?
The Maharashtra Tourism Policy 2024 (MTP 2024) was issued by the Government of Maharashtra Tourism Department on 18 July 2024. It replaces and supersedes the Tourism Policy 2016 for new projects, offering 23 fiscal incentives and 13 non-fiscal benefits to attract investment in hotels, resorts, homestays, MICE infrastructure, adventure tourism, and heritage hospitality across the state.
The policy is administered by the Directorate of Tourism (DoT). Eligible units secure stamp duty exemption before land purchase, obtain a DoT NOC for tourism FSI, secure building sanction, then receive a Provisional Registration Certificate (PRC) after sanction. Projects under the 2016 policy that have not commenced commercial operations automatically transition to MTP 2024 benefits.
Fiscal incentives at a glance
| Incentive | Hotels & Resorts | How it works |
|---|---|---|
| Capital Investment Subsidy | 20% of FCI or ₹20 Cr (lower) | 5 equal annual installments from COD |
| Stamp Duty Exemption | 50% / 75% / 100% by zone | On sale, lease & mortgage deeds during policy period |
| SGST Reimbursement | 50% / 75% / 100% of net SGST | Annual reimbursement for 5–15 years, capped at FCI |
| Interest Subvention | Up to 5% on term loans | Zone-wise loan caps and ceilings (₹5L–₹75L) |
| Electricity Duty | 50% / 75% / 100% exemption | Plus industrial tariff vs commercial rate differential |
| Additional FSI/FAR | By road width (3.0–5.0) | Zero premium in Vidarbha, Marathwada & select districts |
Tourism zones in Maharashtra
Incentive rates depend on your project's geographic zone. Mega project thresholds also vary by zone — both Fixed Capital Investment (FCI) and direct employment must be met.
| Zone | Coverage | Mega FCI | Jobs | Stamp Duty | SGST |
|---|---|---|---|---|---|
| Zone A | Mumbai, Thane, Navi Mumbai Municipal Area | ₹300 Cr | 400 | 50% | 50% |
| Zone B | Nashik, Pune, Aurangabad, Nagpur Municipal Corporations | ₹150 Cr | 200 | 75% | 75% |
| Zone C | Rest of Maharashtra (excluding Zones A & B) | ₹100 Cr | 50 | 100% | 100% |
| STZ / STD | Specially Declared Tourism Zones & Destinations | ₹50 Cr | 50 | 100% | 100% |
Eligible tourism units
Accommodations (A)
Hotels, Motels, Youth Hostels, Resorts, Log Huts, Cottages (min. 10 rooms for hotels)
Accommodations (B)
Serviced Apartments, Tourist Villas, Homestays, B&B, Tented Accommodation, Tree Houses, Houseboats
Food & Beverages
Restaurants, Food Courts, Beach Shacks, Wayside Amenities at tourist destinations
Travel & Tourism
MICE Centres, Convention Centres, Wellness Centres, Hospitality Training Institutes
Entertainment
Adventure Parks, Ropeways, Theme Parks, Caravan Parks, Heli Tourism, AR-VR Zones
Heritage & Niche
Heritage Hotel Conversions, Agro/Rural/Eco Tourism, Film Shooting Infrastructure
Capital investment subsidy rules
- Disbursement: 5 equal annual installments from Commercial Operation Date (COD)
- Investment window: Eligible investment within 4 years prior to COD
- PRC required: Provisional Registration Certificate (PRC) from DoT — issued after building sanction is granted
- Cap: Total incentives cannot exceed eligible Fixed Capital Investment (FCI)
- Land cost excluded from FCI (except for SGST calculation)
- Intangible assets and prior government grants are ineligible
Non-fiscal benefits
- Industry status for tourism projects — industrial electricity tariffs
- Single Window Clearance — 10 permits/licenses streamlined (GR dated 2 Nov 2020)
- Non-agricultural tax exemption for tourism projects
- Development charge exemption for tourism/hospitality components
- License renewal every 5 years instead of annually
- Environment & fire clearance facilitation within 1 month
- Open access electricity supply permitted
- Integration with National Single Window System
- Land bank and PPP project availability
- GatiShakti National Master Plan linkage
Key conditions for all incentives
- Register with Directorate of Tourism and Ministry of Tourism (MoT)
- Use DoT booking platform when available (mandatory)
- First investment or term loan disbursement on or after 18 July 2024
- Commercial operations must commence within permissible investment period
- Total incentives cannot exceed eligible FCI within the eligibility period
- Interest subvention applies only to term loans, not working capital
- Annual claims require CA-certified statements and supporting documents
Compare other state tourism policies
Evaluating hotel investment outside Maharashtra? See our state tourism policy guides for Gujarat, Rajasthan, Karnataka, Andhra Pradesh, Telangana, and Madhya Pradesh.