Haryana Cabinet Waives ₹132.4 Crore Stamp Duty for Hisar IMC Land Transfer

What was decided

The Haryana Cabinet approved a financial-relief order exempting stamp duty and registration charges on the land instrument that transfers 2,988 acres from the state's Civil Aviation Department to NICDC, the special purpose vehicle executing the Hisar IMC under AKIC. The Haryana Cabinet approved clearing the waiver of nearly Rs 132.4 crore in stamp duty and registration charges linked to the transfer of land for the industrial corridor project, in a meeting chaired by Chief Minister Nayab Singh Saini, under which around 2,988 acres of land belonging to the Haryana Civil Aviation Department will be transferred to the National Industrial Corridor Development Corporation Ltd (NICDC), the special purpose vehicle responsible for executing the project under the Amritsar-Kolkata Industrial Corridor (AKIC). Local reporting on the same meeting described the same approval as having been taken on a Sunday cabinet sitting; the Haryana Cabinet on Sunday approved a major financial relief for the proposed Integrated Manufacturing Cluster (IMC) at Hisar Airport by waiving stamp duty and registration charges worth nearly Rs 132.41 crore for land transfer related to the project, in a meeting chaired by Haryana Chief Minister Nayab Singh Saini.

Operative details: legal basis and amounts

The exemption includes nearly Rs 131.9 crore in stamp duty under Article 23(a) of Schedule 1-A of the Indian Stamp Act, 1899, plus Rs 50,000 in registration charges under the Registration Act, 1908. Officials placed the combined value of the relief at around Rs 132.41 crore, including nearly Rs 131.91 crore in stamp duty and Rs 50,000 towards registration charges.

The waiver applies specifically to the conveyance instrument moving land ownership within government hands — from the state's own Civil Aviation Department to NICDC — rather than to any private land sale. This is consistent with a general exemption under Haryana's stamp law for instruments executed by or on behalf of government bodies, though the cabinet order formalises the exemption for this specific transfer.

The land and the project it enables

The 2,988 acres in question form the designated site of the Hisar Integrated Manufacturing Cluster (IMC), one of the flagship projects under the Amritsar-Kolkata Industrial Corridor (AKIC). An Industrial Manufacturing Cluster (IMC) has been proposed to be developed in Hisar, Haryana, adjacent to the Hisar Airport under the Amritsar Kolkata Industrial Corridor, with total land area identified at 2,988 Acres, located adjacent to the proposed International Airport Hub at Hisar along the intersection of NH 9 and NH 52. Hisar IMC is being developed near the newly inaugurated Maharaja Agrasen Airport, with an investment potential of ₹32,417 crore and a project cost of ₹4,680 crore, expected to generate 1.25 lakh jobs.

The land transfer being facilitated by this waiver follows an earlier institutional step: the signing of the State Support Agreement (SSA) and Shareholder Agreement (SHA) between the National Industrial Corridor Development and Implementation Trust (NICDIT), the Government of Haryana and Haryana Airports Development Corporation (HADC), under which NICDC will support the Government of Haryana in developing the IMC at Hisar.

Practical effect of the waiver

By removing the stamp duty and registration cost on this intra-government land transfer, the cabinet decision clears a financial and procedural hurdle that would otherwise have applied to formalising NICDC's title over the site. The government is waiving over Rs 132 crore in fees, mostly in stamp duty and registration costs, in the hope that this makes the project more attractive to investors and helps speed up the building process. News coverage framed the move as part of the state's broader positioning of the project: the state government is positioning the project as a catalyst for industrial expansion, employment generation and large-scale investment inflows, with authorities believing the corridor will strengthen transport and logistics infrastructure while improving ease of doing business across the region.

Some accounts of the underlying build-out note a phased approach to the land parcel: the Haryana government has set aside nearly 3,000 acres for the project, to be handed to NICDC to build a manufacturing zone, starting with about 1,600 acres first before finishing the rest later. This waiver order does not itself alter phasing — it is a fiscal exemption tied to the registration formality of the transfer, not a construction or zoning approval.

Wider AKIC and IMC context

The Hisar IMC forms part of the broader AKIC initiative aimed at strengthening industrial connectivity and creating new manufacturing ecosystems along key freight and logistics corridors in India. Per NICDC's own project page, connectivity for the site is anchored on multiple transport links: Hisar is strategically located between Rewari (Western Dedicated Freight Corridor station) and Ambala (Eastern Dedicated Freight Corridor station), with the IMC benefiting from multi-modal connectivity with air, road and rail initially through the Hisar city Junction in the first phase of development (2027), the rail terminal for freight in the airport by 2032, and the final phase by 2037.