NEW DELHI: The Development of Enterprises and Services Hub Bill, 2022 (DESH Bill), which will replace the Special Economic Zones (SEZ) Act, will benefit real estate developers by decreasing vacancies by denotifying vacant spaces and leasing them to domestic enterprises, said 

real estate experts.

Developers with sizeable SEZ portfolios such as DLF and Tata Realty are looking for more clarity since the vacancy rate in SEZs is higher than that in a typical office park.

"It's actually a step in the right direction and we are waiting for clarity from the government and introduction in Parliament very quickly. It was supposed to come out in the last session of Parliament but for some reasons it did not. But we are hopeful that in the upcoming winter session it should get introduced," said Rajaram Pai, Chief Business Officer - Industrial, Mahindra Lifespace Developers. The Government made the announcement in February during the budget session.