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Maharashtra Govt Rejects Lease Renewal of Jeejeebhoy Trust Land in MumbaiCM Devendra Fadnavis suspends the ₹750-crore TDR proposal for Janata Vasahat Land in Pune and orders an investigation.
Maharashtra Chief Minister Devendra Fadnavis has ordered an inquiry and suspended the ₹750-crore Transferable Development Rights (TDR) proposal concerning Janata Vasahat land in Pune.
The move follows a complaint by Minister of State Madhuri Misal, pointing out major irregularities in the SRA compensation process. Fadnavis has directed the Additional Chief Secretary of the Housing Department to conduct a probe into the matter in detail.
The SRA had proposed a one-time TDR to a private developer for more than 40 acres of land in exchange for the Janata Vasahat slum. However, there were discrepancies in the valuation: while the proposal estimated the land value at ₹750 crore, its official reassessment pegged it around ₹109 crore.
Officials said that the authorities misused the earlier land records and ready reckoner rates in making the inflated compensation calculation. The court has stayed all the proceedings with regard to the proposal pending an inquiry.
Madhuri Misal, confirming the decision of the Chief Minister, said the action would ensure transparency in the redevelopment process for Janata Vasahat and safeguard public resources.
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