By Accommodation Times Bureau
CM scrapping the laws of British-era and levy rent at 20% the prevailing market rate for the south Mumbai residents.
www.sevagiri.com
Desponding news coming in way of the south Mumbai residents which says, that if you live in rented flats which are on government land, there is a possibility of increasing rent.
CM Prithviraj Chauhan wants to scrap the British-era land lease laws and introduce ne laws that sync with the current market rates. The gap is so wide, e.g a 570 sq meter land in Colaba whose lease is been expired in 1980 only have Rs.17.41 of yearly rent! Chauhan announced that the new rule constitute 3lakh Rs as a rent. Under this new law obviously several crores will be added to state depository.
Government is not forcing the current rates fully. It goes like this, the rent for residential purpose is increasing by 20%, for industrial purpose 25%, and commercial purpose 30%. The cabinet on Tuesday firstly proclaimed to abolish of the concept of 50 and 99 years lease tenure and bring it down to the period of 30 years. Chief Minister said that at present there are 1,282 lands on lease which have already completed the tenure period.
The government will see every property flats houses and reassessed annual rates every year. This is not for the first time government is huddling in legal battles. The first attempt was made in 1978 and in 1986. At the time of late Vilasrao Deshmukh our ex CM ruling the law did not materialize.
New tenure laws is been framed in keeping the parameters recommended by the Bombay High Court also it has gone through the laws of states like Gujarat.
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