Haryana’s new electric vehicle (EV) strategy aims to provide technology in business parks and housing societies

"Electric vehicles are the way of the future, and the state that takes the lead will reap the benefits of early adoption." "Because Gurgaon is a centre for MNCs, a policy will assist developers in including EV infrastructure from the start of the project," said Vibhor Jain, managing director of Cushman & Wakefield in north India.

The Haryana government's electric car programme aims to make the state a global centre for electric vehicle development and manufacture (EVs). Due to the development of charging stations and the associated need for space, experts believe that the rising popularity of electric vehicles will have a direct relationship with the real estate sector.

Haryana's electric vehicle initiative intends to turn the state into a global hub for electric vehicle development and manufacturing (EVs). Experts think that the expanding popularity of electric vehicles will have a direct link with the real estate industry due to the growth of charging stations and the resulting requirement for space.

According to experts, such favourable measures would boost the state's logistical and industrial area. A capital subsidy for fixed capital investment and refund of 100 percent of stamp tax and transfer duty paid by the industry on the acquisition or lease of land for industrial use are among the financial incentives granted by the state government.

"Haryana's EV policy is a step toward securing and encouraging pollution-free urban mobility," stated Mohit Goel, MD of Omaxe Ltd.

Other state governments, meantime, have been engaged in supporting the EV ecosystem and fostering interest in this field. The Maharashtra Electric Vehicle Policy exempts housing societies that install electric vehicle charging stations from paying property taxes by 2-5 percent (starting March 2025). The state of Karnataka is considering amending building codes to make it mandatory for apartment complexes and retail malls to have electric vehicle charging stations on their grounds.

According to the Delhi Electric Vehicle Policy, new buildings must have EV chargers in 20% of parking spots, and developments with more than 100 parking spaces must set aside 5% for such chargers.