MbPT increases lease rent, residents protest.

By Accommodation Times Bureau
By Mansi Pawar

The MbPT (BPT) owns 720 hectares or land stretching from Sassoon Dock to Sewri, Wadala on the eastern sea front of the city, which has been leased to more than 2,000 tenants. The Major Port Trust Act 1963 governs the right of the Port Trust to impose and recover rates related to their property.

The Trust passed a resolution seeking to levy market rates of rent and heavy penalties for breaches and non-submission of actual occupant lists going against the supreme courts verdict to enforce the ‘Compromise Proposals’ as approved by the Board of Trustees of the Port of Mumbai which revised the rent from 1.4.1994, on the basis of rates of return at 10% for non-residential uses and 8% for residential uses, based on Kirloskar Consultants’ report, instead of 15% and 12% respectively was an rent relief for people. This new hike in lease rent to be levied on tenants from October 1.

The rent has affected 2,500 tenants on fifteen different residential and commercial leases. A delegation of Bombay Port Trust (BPT) Residential Tenants’ Association led by independent corporator Markarand Narvekar of Colaba met Union shipping minister G K Vasan and MP Milind Deora last week to discuss the issue in Delhi.

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