600% hike in leased land transfer fee | mumbai | Hindustan Times
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600% hike in leased land transfer fee

mumbai Updated: Aug 14, 2012 01:50 IST
Alok Deshpande
Alok Deshpande
Hindustan Times
600% hike in leased land transfer fee

Leaseholders who wish to transfer civic plots to others will now have to pay 600% more towards transfer fee. The improvements committee of the BMC approved a proposal to this effect last week.

The Brihanmumbai Municipal Corporation (BMC) has hiked amount after 19 years. The proposal also mandates that the amount will be raised by about 10% each. “The amount was fixed in 1993 and has not been hiked ever since,” said Milin Sawant, deputy municipal commissioner (improvements). “Though the hike looks large on paper, the original amount is much smaller, and it will not be much of a burden on people.”

Previously, a leaseholder had to pay the BMC Rs5,000 for permission to transfer the lease. As per the new proposal, the leaseholder will have to pay Rs 30,000, with a 10% increase every year.

However, Ramakant Rahate, member of improvements committee, maintained that the hike is substantial. “We opposed the decision because tenants will have to suffer. Also, a 10% hike every year means that in 10 years, the amount will be double that of the present fee,” he said.

The civic body has also hiked the penalty for raising illegal structures on leased properties, and for raising structures that are permissible under lease agreement but do not have prior permission from civic officials.

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