Maharashtra government to give up leased properties

Mumbai,Sudhir Suryawanshi: The Maharashtra government has decided to give permanent ownership to government property lease holders by charging as per the ready reckoner (RR) rate.

What does the revenue minister say?
While talking to dna, revenue minister Eknath Khadse said that most of the government properties across the city have been given out on 30 to 90 years’ lease. “These property holders have to renew the lease periodically and each time they do this have to run from pillar to post to obtain permission from various government agencies. We have decided to give these lease land holders permanent ownership of their plots and buildings,” Said Khadse.

“We will ask them just to pay the government’s prevailing ready reckoner rate according to the area or size of their plots. By paying this amount, they will also get the right to redevelop their properties. Besides, they can also avail the given floor space index (FSI) and transfer of development right (TDR). Once the charges are paid, the government will not have any right on these properties,” he added.

Will it resolve lease hold property issue?
The minister further said that this move will resolve the issue of lease hold properties once and for all. Most of the lease hold properties are located in south Mumbai. Over 1,100 properties were given on lease on the princely rate of the British period.

What does experts say?
Atul Nemade, property expert, welcomed the government decision. “Due to the lease, most of the tenants of the properties could not redevelop their buildings even if they were dilapidated. There are a lot of complications. Now, all these buildings can be redeveloped and that will be a major sigh of relief for the people,” he said.

Khadse said that by taking this decision, the government will get some revenue as well.

“Currently, these property holders pay mere rent to the government. We will set up a committee soon and when we get a detailed report, the final decision will be taken,” said Khadse.

Posted by on April 10, 2015. Filed under Regional. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.