Mumbai Housing Societies on Govt. Land Choose Self-Redevelopment
MUMBAI: An RTI inquiry has revealed that not a single housing society located on government land in Mumbai has chosen the path of self-redevelopment. There are approximately 3,000 cooperative housing societies in Mumbai and its suburbs situated on land leased by the government or collector’s land, categorized as occupancy class II. Salil Rameshchandra, president of the Federation of Grantees of Government Land (FGGL), who requested details about land conversion under the RTI Act, noted that the government introduced a concessional scheme last year that reduces the premium for freehold conversion. Under this 5% concessional scheme, housing societies can convert to…