Nagpur Improvement Trust extends deadline for ground rent payment
 Nagpur Improvement Trust extends deadline for ground rent payment
Real Estate

Nagpur Improvement Trust extends deadline for ground rent payment

The Nagpur Improvement Trust (NIT) board has extended the last date for the payment of ground rent by three months. The board has also decided to put all the Gunthewari layouts under the NIT.

According to the rule, the holders are to pay the ground rent by March 31 each year. There are nearly 80,000 plot holders, out of which about 22,000 have paid the ground rent on the date.

The relaxation has come as a relief for the plot holders since many of the holders are facing a financial crisis due to the Covid-19 lockdowns.

MLA Vikas Thakre, NIT trustees, Prakash Bhoyar, the standing committee chairman, and Sanjay Bangale attended the meeting, summoned by Manoj Kumar Suryawanshi, Chairman of NIT.

As many as 58,000 plot holders will benefit from the relaxation.

Established in 1936, the Nagpur Improvement Trust (NIT), under the NIT Act of 1936, has shaped the city’s growth for many decades. Even after various attempts to merge the body with the Nagpur Municipal Corporation (NMC) on the ground that it is unconstitutional to have two civic bodies in a city, NIT has continued to work along with NMC, to ensure all-round development of Nagpur.

Image Source


Also read: Model Tenancy Act to make an effective rental market place in India

Also read: Approval of Model Tenancy Act allows to fill up 10 mn vacant homes

The Nagpur Improvement Trust (NIT) board has extended the last date for the payment of ground rent by three months. The board has also decided to put all the Gunthewari layouts under the NIT. According to the rule, the holders are to pay the ground rent by March 31 each year. There are nearly 80,000 plot holders, out of which about 22,000 have paid the ground rent on the date. The relaxation has come as a relief for the plot holders since many of the holders are facing a financial crisis due to the Covid-19 lockdowns. MLA Vikas Thakre, NIT trustees, Prakash Bhoyar, the standing committee chairman, and Sanjay Bangale attended the meeting, summoned by Manoj Kumar Suryawanshi, Chairman of NIT. As many as 58,000 plot holders will benefit from the relaxation. Established in 1936, the Nagpur Improvement Trust (NIT), under the NIT Act of 1936, has shaped the city’s growth for many decades. Even after various attempts to merge the body with the Nagpur Municipal Corporation (NMC) on the ground that it is unconstitutional to have two civic bodies in a city, NIT has continued to work along with NMC, to ensure all-round development of Nagpur. Image Source Also read: Model Tenancy Act to make an effective rental market place in India Also read: Approval of Model Tenancy Act allows to fill up 10 mn vacant homes

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