Cabinet approves transfer of land to Mumbai metropolitan authority

The Union Cabinet on Wednesday gave ex post facto approval for transfer of land of Rashtriya Chemicals and Fertilizers Ltd. (RCF) to Mumbai Metropolitan Regional Development Authority (MMRDA).

It also approved transfer of RCF land to Municipal Corporation of Greater Mumbai (MCGM) and selling of Transferable Development Right (TDR) Certificate received against the transfer of land to MMRDA/MCGM.

An official release said MMRDA acquired 48,849.74 sq m (8265 sq. m unencumbered/free land and 40584.74 sq. m. encumbered land) of RCF and completed the construction of Eastern Free Way-Anik Panjrapol Link Road (APLR).

It said RCF received TDR certificate of 16530 sq. m in Novemer 2017 issued by MMRDA against 8265 sq. m of unencumbered/free land as an interim relief.

The release said claim of RCF for TDR/compensation against encumbered land measuring 40584.74 sq. m is being decided by an arbitrator.

--IANS

ps/prs


(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Outbrain