The government is preparing to implement a new policy that will link a Development Index directly to the guidance values of industrial land across the state. The Development Index will be based on critical factors such as utility availability, infrastructure quality, transport connectivity, zoning compliance, and environmental readiness. Land parcels scoring higher on the Development Index will attract higher official valuations, aligning pricing with real-world development potential. This approach aims to make land valuation more dynamic, transparent, and rooted in tangible infrastructure assessments rather than relying solely on location or historic trends. Experts believe that this system will greatly help investors, lenders, and developers make more informed land acquisition decisions. The move marks a major modernization of land guidance practices in line with global standards.
The Development Index methodology will involve periodic field surveys, integration of GIS mapping data, and consultation with infrastructure agencies to keep records updated. Land plots will be graded into multiple tiers—such as fully developed, partially developed, and underdeveloped—with corresponding guidance value bands. This differentiation will ensure that ready-to-build industrial land reflects its premium accurately, while underdeveloped plots are priced appropriately to encourage investment and infrastructure improvement. Analysts predict that this structured approach will curb speculative pricing, promote balanced regional development, and incentivize faster infrastructure deployment by developers. Additionally, financial institutions will benefit from a clearer risk assessment framework when underwriting industrial land-backed loans. Overall, the linkage will tighten the relationship between infrastructure readiness and real estate valuations.
Looking ahead, authorities plan to publish the Development Index scores and updated guidance values through publicly accessible digital platforms for full transparency. The policy is expected to initially roll out across major industrial corridors and logistics hubs before being expanded statewide. Policymakers are also exploring incentives for landowners and developers to upgrade lower-tier parcels to higher development categories, thereby raising both land value and regional economic output. Experts view this initiative as critical for future-proofing industrial land markets and supporting sustainable urban-industrial expansion. By linking guidance values to actual development readiness, the state aims to foster a healthier, more efficient land economy that better serves both investors and industries. The new policy is positioned to redefine industrial land management for the next decade.