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Written by Sandeep A Ashar
| Mumbai |
Updated: December 12, 2020 4:22:19 am
Sources said that the chief minister has ordered the formulation of a new policy.In another significant reversal of a decision taken by the previous BJP-led regime, Uddhav Thackeray’s Maha Vikas Aghadi on Thursday stayed the policy for conversion of government plots previously allotted on lease or occupancy rights basis to freehold tenure.
On March 3, 2019, the Devendra Fadnavis government had enacted a policy permitting the transfer of plots, allotted on such restricted land tenures, to ownership plots on payment of premium.
According to the 2019 decision, residential societies holding plots allotted on occupancy rights basis were required to pay 10 per cent to 15 per cent of the ready reckoner (RR) values to convert these into ownership plots.
Explained
Lukewarm response
There are about 22,000 societies that have been allotted plot on occupancy across Maharashtra. The city of Mumbai alone has about 3,000 such societies. A committee of bureaucrats had earlier recommended collecting at least 60 per cent to 75 per cent of RR values for such conversion.
RR values are market values of a plot as determined by the government. Those holding such restricted tenures for commercial and industrial purposes would have to pay up to 50 per cent of the RR values for such conversion.
But contending that the response to the policy has been lukewarm, the Uddhav government stayed the policy on December 10.
Sources said that the chief minister has ordered the formulation of a new policy.
© The Indian Express (P) Ltd