Plan to convert collector's land to freehold land gets low response

13 Oct 2021 CW Team

The scheme introduced by the Maharashtra government to convert collector's land to freehold land in March 2019 has received poor response.

The individuals who undertook the scheme were rich and could afford to pay 25% of the Ready Reckoner rates as a premium.

The government gave more than 1,250 such plots to the individuals and housing societies. Only 19 plot owners opted for the conversion to freehold land.

Founder President of the Federation of Grantees of Government Land, Salil Rameshchandra, said that Mumbai has 3,000 housing societies on collector's land, yet one co-operative housing society sought the scheme.

Niranjan Hiranandani, who got the occupancy class II land or collector's land on Malabar Hill, converted to freehold land. He said that he paid more than should have been paid.

Occupancy land has two categories, class I land and class II land. These lands were bought from the government at the prevailing market prices. The occupancy class I lands have no restriction on sale and purchase and are freehold lands.

Class II lands are available on the outskirts of cities for cooperative housing societies. Individuals not only reclaimed the lands but also laid infrastructures, including roads, drains and street lights, at their cost. However, for sale, purchase and mortgage, the collector's permission is required.

This scheme remains valid till March 2022, and then the premium will increase to 60% for housing societies and 75% for individuals.

Image Source

Also read: Inspira Builders acquires over two acres of land in Bengaluru

Infrastructure Energy

19 Sep 2025

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..