Traditional Culture Encyclopedia - Traditional stories - The difference between industrial land and commercial land
The difference between industrial land and commercial land
2. Industrial land refers to the land for production workshops, warehouses and ancillary facilities of industrial and mining enterprises, including special railways, docks and roads. In addition to open pit land, land should be divided into water areas and other land types. Enterprises selling industrial land for construction may bring long-term tax revenue and stimulate employment. Due to the development of local economy, the price of industrial land is usually much lower than that of residential land.
Legal basis: Article 56 of the Land Administration Law of the People's Republic of China. If a construction unit really needs to change the use of construction land, it shall report to the people's government that originally approved the land for approval after obtaining the consent of the land administrative department and the urban planning administrative department of the relevant people's government. It is illegal to build commercial and residential quarters on industrial land without the approval of relevant departments. The transfer service life is 70 years.
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