Infrastructure: Cabinet approves land transfer of Rashtriya Chemicals & Fertilizers to MMRDA

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By Accommodation Times Bureau

MUMBAI

The Union Cabinet chaired by Prime Minister Narendra Modi on September 12 has given ex-post facto approval for:

i. Transfer of land of M/s Rashtriya Chemicals & Fertilizers Ltd. (RCF) to Mumbai Metropolitan Regional Development Authority (MMRDA);

ii. Proposal for approval for a transfer of land of M/s Rashtriya Chemicals & Fertilizers Ltd. (RCF) to Municipal Corporation of Greater Mumbai (MCGM) and

iii. For selling of TransferableDevelopment Right (TDR) Certificate received/receivable against the transfer of land to MMRDA/MCGM.

Background:
RCF is a leading fertilizer and chemical manufacturing company in India in the Public Sector. It was established on 6th March 1978 on the reorganization of erstwhile Fertilizer Corporation of India Ltd. Presently, the authorized share capital of RCF is Rs.800 Crore and paid up capital of Rs. 551.69 Crore.

The company has been accorded coveted “Miniratna” status in 1997. MMRDA acquired 48,849.74 sq.mtrs. (8265 sq. mtrs unencumbered/free land and 40584.74 sq. mtrs encumbered land) of the land of RCF and completed the construction of Eastern Free Way – Anik Panjrapol Link Road (APLR) and open for public use in the year 2014.

RCF received TDR certificate of 16530 sq. mtrs on 1.11.2017 issued by MMRDA against 8265 sq. mtrs of unencumbered/free land as an interim relief. The claim of RCF for TDR/compensation against encumbered land admeasuring 40584.74 sq. mtrs is being decided by the Arbitrator.

RCF was demanding from MCGM to delete the internal roads of RCF colony from their Development Plan of Mumbai for a long time. Subsequently, RCF agreed to hand over about 16000 sq. meters of land (subject to actual measurement at a site) for construction of 18.3 meter DP road in lieu of TDR as compensation subject to mutually agreed terms & conditions, an official release said.

MCGM in the development plan has shown reservation of 331.96 sq. meters of RCF land in front of the proposed township of RCF for public road widening. As per development control rules 1991 of MCGM, in case of reservation on the land it is mandatory to surrender the land, as a road set back area to MCGM.





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