• Latest
  • Trending
Govt wishes Rs 20 Lakh rent, South Bombay societies provide Rs 7 a year; circulate HC after state demands arrears

Govt wishes Rs 20 Lakh rent, South Bombay societies provide Rs 7 a year; circulate HC after state demands arrears

August 29, 2022
Architect Designed House Plan for Sale

Architect Designed House Plan for Sale

February 1, 2023
Kitchen Utensil Set – How to Get Started with Kitchen Tools

Kitchen Utensil Set – How to Get Started with Kitchen Tools

January 31, 2023
Interior Design – What Does A Designer Do?

Interior Design – What Does A Designer Do?

January 26, 2023
Cleaning House – How to Organize All Your Stuff

Cleaning House – How to Organize All Your Stuff

January 21, 2023
Lowe’s Home Improvement in Greensboro NC

Lowe’s Home Improvement in Greensboro NC

January 18, 2023
Curtis Home Inspections – How To Make $50,000 A Year In Home Inspecting

Curtis Home Inspections – How To Make $50,000 A Year In Home Inspecting

January 18, 2023
Home Inspections – Why You Should Have One?

Home Inspections – Why You Should Have One?

January 15, 2023
Custom Furniture vs. Standard Furniture in Temecula

Custom Furniture vs. Standard Furniture in Temecula

January 15, 2023
Home Improvement License: How To Make $50,000 In 1 Year

Home Improvement License: How To Make $50,000 In 1 Year

January 10, 2023
Sliding Doors For Sale

Sliding Doors For Sale

January 9, 2023
Witchy Home Decor Ideas to Make Your Home Look Enchanting

Witchy Home Decor Ideas to Make Your Home Look Enchanting

December 28, 2022
Best Logos For Home Improvement

Best Logos For Home Improvement

December 26, 2022
House Racko
Thursday, February 2, 2023
Contact Us
  • Home
  • Interior Design
    • Door And Windows
    • Furniture
    • Flooring
    • Kitchen
    • Painting
    • Plumbing
  • Exterior Design
    • Roofing
    • Gardening
    • Outdoors
  • Cleaning Services
    • House Cleaning Tips
  • Mortgage
  • Home Improvement
    • Home Decor
    • Home Business
    • Home Inspections
  • Real Estate
    • Buying A Property
    • Construction
    • Real Estate Agents
    • Property Dealers
    • Property Investment
    • Property to Rent
    • Selling Property
  • Pages
    • Disclaimer
    • Cookie Policy
    • Terms and Conditions
    • Anti Spam Policy
    • Contact
      • Digital Millennium Copyright Act Notice
    • About Us
No Result
View All Result
House Racko
No Result
View All Result

Govt wishes Rs 20 Lakh rent, South Bombay societies provide Rs 7 a year; circulate HC after state demands arrears

by Nick Massey
August 29, 2022
in Property to Rent
0

Seven years after the country authorities put into effect a revised lease policy wherein leases on its lands had been brought on par with market charges, 12 housing societies at Malabar Hill have moved the Bombay High Court, insisting they’ll keep paying the annual rent of Rs 7 fixed for the reason that beyond 99 years in opposition to the government’s call for of around Rs 20 lakh in line with society. Each of these societies additionally owes the country government over Rs 1 crore towards top-notch hire arrears when you consider that 2012 while the revised rent policy was carried out.

The societies – Sujata CHS, Pavlova, Skylark, Paras, Avillion, Nishant, New Cosmopolitan, Manhar Oak, Little Gibbs, Monte, New Paradise, and New Cosmopolitan CHS Ltd – are positioned in a couple of lanes abutting the LD Ruparel Cross Marg. Each condominium in these societies prices extra than Rs 10 crore, whilst a one BHK flat anywhere on Malabar Hill commands a month-to-month hire of a minimum of Rs sixty-five,000.
Following notices using City Collector Shivajirao Jondhale to pay up or vacate the plots, the societies have demanded that their lease agreements be renewed for any other ninety-nine years, that too on an annual hire of Rs 7.

Article Summary show
YOU MAY ALSO LIKE
4 Top Things to Consider Before Moving to a New City
Best Places to Live in Los Angeles for Young Professionals

YOU MAY ALSO LIKE

4 Top Things to Consider Before Moving to a New City

Best Places to Live in Los Angeles for Young Professionals

These societies are amongst tenants in ratings of homes in Mumbai leased at some point of the British Raj at throwaway rents, who continue to pay the equal amount a long time after independence. Amid demands that these tenants be made to pay the cutting-edge market rates (former Central Information Commissioner Shailesh Gandhi had filed public hobby litigation that the authorities at ease marketplace hire for its property), the country government underneath Prithviraj Chavan added a revised hire coverage in October 2012 in which it multiplied the yearly lease to 2 in step with cent of 25 percent of the geared up reckoner prices. As in step with the revised coverage, plots can be leased for no extra than 30 years.

South Bombay

According to this coverage, a leaseholder of a 570 square property in Colaba, paying Rs 17 a year in hire, will need to pay simply over Rs three lakh. Following an obvious uproar from tenants residing in such properties and a spate of court docket cases, the kingdom government, in addition, revised the rent to at least one percent of 25 in line with cent of the plot’s geared up reckoner fee final April. Similarly, the lease on 3,000 square assets in Colaba improved from Rs seventy-five 12 months to Rs 33 lakh. However, a central authority resolution to this impact hasn’t been issued.

Jondhale advised Mumbai Mirror that he wasn’t disturbing anything extra from the 12 societies. “Those residing in those societies are living in flats worth Rs 12 crore every and are fighting over quantities which they can effortlessly manage to pay for. Residents of Byculla and Mazgaon have with ease agreed to pay the revised rents,” he stated. The citizens have an extraordinary story to relate to. Pankaj Shah, chairman of Pavlova CHS, stated his society’s hire changed into renewed in 1982.

“The settlement definitely stated that each one term and situation would continue to be identical. Suddenly in 2012, the government woke up and stated, this is wrong, now pay us lakhs of rupees in lease and arrears. The petitions of all 12 societies can be heard collectively in the last week of April,” he said. Satish Choksi, treasurer of Avillion CHS, stated none of the dozen societies would pay up until the courtroom promises its verdict. “The hire of our society will expire most effective in 2081. At this juncture, we will no longer pay whatever greater,” he stated.

No Result
View All Result

Recent Posts

  • Architect Designed House Plan for Sale
  • Kitchen Utensil Set – How to Get Started with Kitchen Tools
  • Interior Design – What Does A Designer Do?
  • Cleaning House – How to Organize All Your Stuff
  • Lowe’s Home Improvement in Greensboro NC

Categories

  • Buying A Property
  • Cleaning Services
  • Construction
  • Door And Windows
  • Exterior Design
  • Flooring
  • Furniture
  • Gardening
  • Home Business
  • Home Decor
  • Home Improvement
  • Home Inspections
  • House Cleaning Tips
  • Interior Design
  • Kitchen
  • Mortgage
  • Outdoors
  • Painting
  • Plumbing
  • Property Dealers
  • Property Investment
  • Property to Rent
  • Real Estate
  • Real Estate Agents
  • Roofing
  • Selling Property
  • Home
  • Disclaimer
  • Cookie Policy
  • Contact
  • About Us
  • Privacy Policy
  • DMCA & CopyRights
  • Terms and Conditions

Copyright © 2023 houserackoAll Rights Reserved houseracko.

No Result
View All Result
  • Home
  • Interior Design
    • Door And Windows
    • Furniture
    • Flooring
    • Kitchen
    • Painting
    • Plumbing
  • Exterior Design
    • Roofing
    • Gardening
    • Outdoors
  • Cleaning Services
    • House Cleaning Tips
  • Mortgage
  • Home Improvement
    • Home Decor
    • Home Business
    • Home Inspections
  • Real Estate
    • Buying A Property
    • Construction
    • Real Estate Agents
    • Property Dealers
    • Property Investment
    • Property to Rent
    • Selling Property
  • Pages
    • Disclaimer
    • Cookie Policy
    • Terms and Conditions
    • Anti Spam Policy
    • Contact
      • Digital Millennium Copyright Act Notice
    • About Us

Copyright © 2023 houserackoAll Rights Reserved houseracko.