This is an archive article published on December 15, 2015
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Maharashtra govt land ownership rights policy will generate Rs 10,000-crore revenue

Properties which are on lease for 29 years and more will be allowed to land ownership rights after paying a premium.

Written by: Shubhangi Khapre
3 min readNagpurDec 15, 2015 01:30 AM IST First published on: Dec 15, 2015 at 01:30 AM IST

The Maharashtra government Monday decided to provide land ownership sanctions to all properties which are on lease for more than 29 years. However, the transfer of ownership title from lease will come at a premium which is being worked out.

A committee headed by the Chief Secretary will submit its final report in a couple of months. Preliminary estimates indicate that the revenue department will be able to mobilise Rs 10,000 crore from this project.

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Maharashtra Revenue Minister Eknath Khadse said, “Reforms in turning the lease holding to ownership rights is to get rid of the hassle individuals or cooperatives or societies face every time they have to renew their lease or undertake new registration. In any case, those properties which have completed 29 years and above lease, will never come back to us. To provide such properties ownership rights, we will ask them to pay a one time premium.”
The government’s decision is part of the housing for all 2022 ambitious project. At an internal meeting, it was felt that as Prime Minister Narendra Modi had already declared housing for all project by 2022 for all categories across sections, land which would never be claimed by government should be provided ownership rights.

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