State Govt may reduce rent for Mumbai housing societies on govt land


    By Accommodation Times Bureau




The state government is considering reducing the lease rent charges to housing societies built on government land, said Chandrakant Patil, Revenue Minister, on Saturday.

At present,  the state government charges a rent of 2 % of the ready reckoner rates.
“The demand for concession is right and a decision will be taken to reduce it,” said Patil, when MLA Ashish Shelar along with office bearers of various housing societies in Mumbai and Thane met him for seeking the concession.
There are more than 300 housing societies on over 1,300 such leased plots in the city.
He said, from 3 % to 0.05 % of ready reckoner rates the government has reduced the non-agriculture tax in urban areas.
To lease more land for housing societies, the committee of principal secretary of revenue department has prepared a report to open up land classified as class- ||, Minister added.

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