Long-term lease policy for South Mumbai plots fixed

By | September 29, 2016

Under the new policy prepared by the Urban Development Department (UDD) and cleared by the state cabinet on Tuesday , leases of these plots will be renewed, but not for more than 30 years. The policy also mentions that in case of any violation of the lease agreement such as if the user has sub-leased the plot, added more built-up space or brought about a change in the use of the plot from what it was originally intended for, penalties will be levied based on violations. In such cases where violations are found, the state will review the applications before the BMC can renew the lease.

Source: Economictimes