Mumbai: Government notifies rule enabling conversion of lease hold land to saleable plothttps://indianexpress.com/article/cities/mumbai/mumbai-government-notifies-rule-enabling-conversion-of-lease-hold-land-to-saleable-plot-5454551/

Mumbai: Government notifies rule enabling conversion of lease hold land to saleable plot

While a section of activists has questioned the government’s move to dispose of public land itself, eyebrows are being raised over the cabinet’s move to permit such ownership transfers at concessional rates.

Maharashtra government, state revenue and forest department, Maharashtra cabinet, Indian Express
Maharashtra Chief Minister Devendra Fadnavis. (Source: File Photo)

The state revenue and forest department on Monday notified the rule under which leased out lands will be converted for sale. Suggestions and objections on the rule will be accepted till December 18. Sources said the sale of the land is expected to generate Rs 20,000 crore as revenue.

On September 25, the state government had approved a plan for thousands of acres of prime public land, currently on lease, across Maharashtra, which will now be up for sale. The cabinet had approved it.

While a section of activists has questioned the government’s move to dispose of public land itself, eyebrows are being raised over the cabinet’s move to permit such ownership transfers at concessional rates.

According to the cabinet’s decision, conversions into freehold would be permitted for grants to residential societies, and those allotted for agricultural or commercial purposes.