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Nagpur Best place for Real Estate Investment

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Nagpur Best place for Real Estate Investment

Last updated: March 27 2021
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  • Re : Nagpur Best place for Real Estate Investment

    Plea over land transfer to FDCM with NGT

    Vijay Pinjarkar| TNN | Apr 7, 2018, 05:47 IST
    There is recorded presence of tigers in Pench-Navegaon-Nagzira corridor

    Nagpur: The Nagpur Bench of Bombay High Court has transferred to National Green Tribunal, Pune, the PIL opposing handing over of 200 sqkm tiger bearing forest land in the Pench-Navegaon-Nagzira tiger reserve corridor to Forest Development Corporation of Maharashtra (FDCM).

    In May last, the high court had rejected the application of FDCM pleading to vacate stay on transferring the forest area. There is recorded presence of tigers in these ranges. A writ petition filed by Bhandara Zilla Jangal Kamgar Sahakari Sanstha Sangh, on which a status quo was granted, was clubbed with a public interest litigation (PIL) filed by Shahid Khan of Save Ecosystem and Tigers and Sustaining Environment (SEAT).

    The high court had also slammed the Maharashtra government for going against the recommendations of senior forest officials. In their order on January 24, Justice BP Dharmadhikari and Justice Swapna Joshi had directed transfer of PIL to NGT. “After technical formalities, the case was transferred to NGT last week,” said sources.

    Referring to a survey conducted by chief conservator of forests (Nagpur) and Bhandara deputy conservator of forests (DyCF), the court had stated, "it was an important corridor for migration of tigers.”

    The government, on June 19, 2014, had asked forest department to hand over 200 sqkm forest in Lendezari, Jamkandri and Nakadongri ranges of Bhandara to FDCM to compensate for the loss of its forest area for new sanctuaries that have been carved out as per Supreme Court orders.

    Following stiff opposition to the move from gram panchayats and wildlife conservationists, the area has not been handed over to FDCM in last three years.

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    • Re : Nagpur Best place for Real Estate Investment

      Cleaning city’s drains in a natural way

      Manka Behl| TNN | Updated: Apr 8, 2018, 09:04 IST

      Nagpur: In a first-of-its-kind natural way of drain cleaning treatment, using in-situ process, the CSIR-National Environmental Engineering Research Institute (Neeri) will be demonstrating a unique process of the cleaningtreatment with the help of a combination of technologies which will give impetus to all kinds of drain treatment, including big and small nullahs. The institute will put this technology on display, by treating over 200 meters of drain, on its diamond jubilee foundation day celebrations at its headquarters here on Sunday.

      With this kind of technology, nullahs will get a cleaner look providing hygienic surroundings. “They will no longer be breeding spots for mosquitoes and other insects. Moreover, pathways and cycling tracks can be developed along side nullahs,” Neeri director Rakesh Kumar said.

      The institute has already signed a memorandum of understanding (MoU) with the Punjab government for providing the technical support of same process in reviving the 2.2-kilometre-long Tung Dhab drain in Amritsar. The drain has been highly polluted for the last several years.

      As reported by TOI earlier, Neeri is also providing technical support for cleaning Vada and Commercial canals in Alappuzha, Kerala. The institute also plans to revive drains of Mumbai and some other cities.

      “While there is a scepticism about in-situ treatments, we are trying to demonstrate its effectiveness. Technologies may vary depending on the configuration of nullahs. Big urban nullahs can be diverted and exposed to treatments,” Kumar said.

      Called it the Reneu (Restoration of Nullah with Ecological Units) integrated technology, it involves five major steps for cleaning. “We are all natural components — phyto-traps, solar diffused aeration, light-weighted building material and wetland plants to clean the nullah. No chemicals are required in this treatment, making it a very cost-effective,” said Centre for Strategic Urban Management principal scientist Ritesh Vijay, who is also a director of technical cell.

      Senior principal scientist and head of director’s research cell Atya Kapley is handling the bio-mats technology (see box). Neeri has appointed Alaknanda Technologies Pvt Ltd for implementation of these integrated treated units.

      Stating that the need of the hour is to revive the natural drains, said research fellow Saisaurabh Asoria, “The drains not only pose threat to human health but also pollute major water bodies after meeting them.”

      Apart from this, Neeri will be inaugurating a technology park in its headquarters on Sunday. “Till now, all our technologies were restricted to laboratories but now we are scaling it up. It is not easy for industries to adopt ideas from laboratories. Hence, all the CSIR technologies will be demonstrated in the park for getting first-hand experience,” Kumar said.

      The park will be inaugurated by CSIR director general and Department of Scientific and Industrial Research (DSIR) secretary Girish Sahni. Sahni will also be interacting with young scientists on the occasion.


      Step 1: Screening-cum-silt-trap

      Coarse screens used to trap bigger floating solid waste while finer screens used to trap the waste (leaf litter) which managed to pass through the coarse screen

      Step 2: Sedimentation

      The waste water is allowed to settle down by providing sufficient space. In natural sedimentation, organic matter settles down

      Step 3: Biomats and Phyto-trap

      Biological mats inoculated with bacteria will be used to treat sewage. Phyto-trap is a unit which treats water by physical filtering and decomposition of organic water. It consists of porus light-weighted building material on which the bacterial growth gets attached. They also trap the suspended organic matter and thus filter sewage water

      Step 4: Solar diffused aerator

      Solar energy will be trapped in panels and used to run aerators. This will increase the concentration of dissolved oxygen in the sewage water

      Step 5: Phyto flo-raft

      Wetland plants which will float on water body. The roots of the plants decompose the organic matter present in the sewage. As the nutrients from the sewage get absorbed, eutrophication can be prevented. Eutrophication leads to excessive growth of plants and algae in a water body, thus disturbing its ecology

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      • Re : Nagpur Best place for Real Estate Investment

        MahaMetro gets 3 projects off Metro rail corridors

        Anjaya Anparthi| TNN | Apr 9, 2018, 03:46 IST

        Nagpur: Maharashtra Metro Rail Corporation Limited (MahaMetro) has, for the first time, been assigned three new infrastructure projects that are outside of Metro rail corridors. Union minister and city MP Nitin Gadkari assigned the projects to make Metro rail more feasible.

        The MahaMetro has already planned to execute 13 infrastructure projects on its two corridors — Pardi to Hingna Mount View and Automotive Square to Khapri.

        Gadkari held meeting with the officials of MahaMetro at his residence at Gokulpeth on Saturday. MahaMetro MD Brijesh Dixit, director (projects) Mahesh Kumar and others were present during the meeting.

        Three new projects assigned to MahaMetro include four-storeyed multi-modal stadium on the lands covering Yeshwant Stadium, government library, city buses parking area and Patrakar Bhavan at Dhantoli. Double decker flyovers between Ramjhula-Railway Station and Kasturchand Park (KP) and waterway at Ambazari lake have also been planned.

        Gadkari had already announced multi-modal stadium at Dhantoli. The two other projects are new ones announced on Saturday.

        Sources from Mahametro told TOI that Gadkari directed the MahaMetro to prepare detailed project report (DPR) and feasibility report of the three projects at the earliest.

        “It seems likely that MahaMetro will be assigned work of demolition of flyover situated in front of Railway Station after the proposal gets clearance from the Nagpur Municipal Corporation (NMC). A study to decide on the fate of flyover is underway. MahaMetro had suggested to build the new flyovers for easing congestion on two roads—KP to Railway Station-Ramjhula and Jaistambh Square to Manas Square. MahaMetro is also likely to be assigned work of development of land between Railway Station and Manas Square,” sources said.

        Sources added that Gadkari asked the MahaMetro to take up multi-modal stadium as the project will have high commercial potential. “MahaMetro also asked to connect the proposed project with Metro rail inter-change coming up at Munje Square through skywalk and underground tunnel. It will be second infrastructure project in the area as the MahaMetro is also constructing transit management centre (TTMC) opposite Yeshwant Stadium that will have a 25-storeyed tower and two 19-storeyed towers,” the sources said.

        Gadkari directed the MahaMetro to develop waterway in Ambazari lake. Plan is to engage boats for connectivity between Takli Sim, Subhash Nagar, Ambazari Layout, Hingna MIDC, Ambazari Garden etc through waterway. The MahaMetro is also planning to build an amusement park after demolishing Krazy Castle.

        Sources also said that MahaMetro proposed a few more such projects in the other parts of the city and out of Metro rail corridors for earning additional revenue to make operation and maintenance of Metro rail feasible.

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        • Re : Nagpur Best place for Real Estate Investment

          Regularization of buildings, plots gets poor response in Nagpur

          Nagpur Municipal Corporation (NMC) has also kicked-off the process to accept applications last week. The civic body will entertain applications till October 4Anjaya Anparthi | TNN | April 10, 2018, 18:00 IST

          NAGPUR: The state government’s special scheme to regularize unauthorized constructions and plots has received very low response. Nagpur Improvement Trust(NIT) has received only 108 applications in last five months, and decided to extend the deadline by six more months.

          NIT chairman Deepak Mhaisekar told TOI applications will be received till October 31. “The state government launched the scheme on October 7, 2017. NIT was the first to take the initiative. We are expecting more applications, so we extended the deadline,” he said.

          The original last date for submission of applications was April 6. Nagpur Municipal Corporation (NMC) has also kicked-off the process to accept applications last week. The civic body will entertain applications till October 4.

          As per NIT data, less than 10% buildings have occupancy certificate in its area covering seven improvement schemes, and unauthorized or Gunthewari layouts situated on city outskirts. A large number of commercial buildings are also part of NIT’s jurisdiction. Buildings with no occupancy certificate usually have one or the other type of violations. Therefore, NIT has said that the 108 applications are very less.

          The state’s urban development department says the planning authorities are supposed to declare a six-month period for inviting applications followed by scrutiny of documents and then regularization.

          President of CREDAI, local chapter, Anil Nair said response to the scheme will come from now onwards.

          “Government announced the scheme in October last year but did not come up with types of relaxations. Chart of 15 relaxations was released a few days ago. Our association always promotes residential and commercial schemes abiding by the norms. Many unauthorized constructions have cropped up in the city,” he said.

          “ The government scheme has come up as an injustice to builders and developers who pay all fees and follow lengthy process of getting sanction. The government should take stringent action against unauthorized structures and plots after end of the scheme,” he said.

          A NIT official said charges for regularization are very high, which might be a reason for low response. “Infrastructure charges equal to development charges are supposed to be levied. Also, compounding charges not less than double the development charges are to be recovered along with non-refundable application charges. Applicant will also have to cough up premium charges for extra floor space index (FSI), transfer of development rights (TDR) etc. Owners of individual houses and small flat schemes may not avail this scheme,” he said.

          NIT had regularized over 1.25 lakh unauthorized plots, and has around 60,000 applications pending under Gunthewari Act. It is also said owners of unauthorized layouts and plots will not avail the scheme as regularization under Gunthewari Scheme is cheaper.


          Ineligible: Unauthorized plots or structures on lands reserved for playground, garden, open spaces, rivers, canals, lakes, defence line, quarry, heritage sites, dumping grounds, ecologically sensitive areas like hill slopes, buffer zones, and structurally unsafe buildings

          Eligible: Structures or plots without sanction, cropped up on reservations (excluding playground, garden, open spaces), government lands or in different user areas, for example commercial construction in residential area. Violations of FSI, height of the building, road width, marginal spaces, coverage area, users etc. Unauthorized plots and structures should be on or before December 31, 2015

          Revenue Utilization: Planning authorities will have to deposit all money recovered from the scheme in a special account. The money should be spent on providing public amenities, utilities and services in respective areas

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          • Re : Nagpur Best place for Real Estate Investment

            Metro realty projects will succeed, say Builders

            Ashish Roy| tnn | Apr 11, 2018, 03:10 IST

            Nagpur: Local builders have given thumbs up to the commercial real estate projects of MahaMetro. They, however, feel that the agency should create more office and hospital space instead of concentrating on shops, malls and multiplexes.

            Mahesh Sadhwani, vice-president of Credai Maharashtra, said Nagpur was seeing demand of commercial space from large companies. “Several players have made enquiries regarding commercial space from us. So, Metro’s projects are bound to get customers. In five years, Nagpur will become a big destination because of its central location. Amazon is planning to start a warehouse here. Moreover, more and more people are shifting to Metro region from Vidarbha. They will come to the city for work, education and shopping,” he added.

            According to Sadhwani, doctors, lawyers, chartered accountants and other professionals would shift their offices to Metro stations because of easy accessibility. “The projects may get a sluggish response initially but they will succeed in the long run.”

            On competition with local builders, he said, “They (local builders) do not go in for big projects. We have only three malls in the city and another one is coming up near Medical Square.”

            Builder Ashok Chandak also sounded positive on Metro projects. “Government offices will shift there because of easy accessibility and availability of parking space. Nagpur Municipal Corporation (NMC) is not giving permission to hospitals in Dhantoli. New ones will start their establishments in projects by Metro. London Street is a non-starter so Metro stands to gain,” he said.

            Credai Nagpur secretary Gaurav Agrawala said that local builders were averse to taking risk at present. “There are only a few big commercial complexes in the city. If Metro constructs big ones, they will get response from big players. Their residential projects are outside the city and so we will not face competition,” he added.

            Builder TS Renu said that Metro should concentrate on office space as people in Nagpur did not buy from shops in commercial complexes and malls. “There is good scope for hospitals and offices as Metro projects will be well connected. Local builders will face competition but it will help consumers as rates will come down,” he said.

            Prashant Sarode, Credai Nagpur immediate past-president, however, sounded a bit cautious. “It will depend on employment generation in the city. If new jobs are created and people from outside shift here then Metro projects will definitely succeed. Local builders can be part of them by forming consortium so we need not fear competition,” he said.


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            • Re : Nagpur Best place for Real Estate Investment

              Nagpur civic body auctions three more plots for property tax recovery

              The NMC Dharampeth Zone took 15 open plots for auction following property tax default by the owners between April 7 and 10. On the first day, one plot of 40,000 sq ft of Sharda Seva Niketan was taken up for auction but none turned upAnjaya Anparthi | TNN | April 11, 2018, 16:00 IST

              NAGPUR: The Nagpur Municipal Corporation (NMC) auctioned three more properties for recovery of property tax. With the latest auction, the total number of properties sold out has increased to 244 in last five months.

              The NMC Dharampeth Zone took 15 open plots for auction following property tax default by the owners between April 7 and 10. On the first day, one plot of 40,000 sq ft of Sharda Seva Niketan was taken up for auction but none turned up. Arrears of Rs 34 lakh is on the plot since 2000.

              On second day, two plots situated at Kachimeth were taken up for auction. Owner of one plot turned up and paid the arrears. Remaining one plot of Mahadeo Nagar Gruh Nirman was sold out at Rs 30 lakh. Arrears of Rs 1.44 lakh was on this plot.

              Similarly, six plots were taken up for auction, of which, owner of one plot paid the arrears and no response was received for other three plots. Two plots — one of Airforce Civilisation Society was auctioned for Rs 18.75 lakh and arrears of Rs 58,232 and other of Bandu Gruh Nirman Sanstha was sold out for Rs 16.50 lakh with arrears of Rs 78,164.

              Six plots — four of Samaj Bhushan Housing Society and two of Netaji Apartments — will be taken up for auction on Wednesday.

              From November 2017 till March 31, the NMC had auctioned 241 properties from nine zones — Laxmi Nagar, Dharampeth, Hanuman Nagar, Nehru Nagar, Gandhibagh, Satranjipura, Lakadganj, Ashi Nagar and Mangalwari.

              Hanuman Nagar zone also took 27 plots for auction but the results are awaited.


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              • Re : Nagpur Best place for Real Estate Investment

                MahaMetro plans 13 real estate projects in Nagpur

                These projects are spread all around the city. It will take some years before all of them are completed. MahaMetro is banking on easy accessibility of these projects for response from potential customersAshish Roy | TNN | April 11, 2018, 14:30 IST

                NAGPUR: MahaMetro will not only change the way Nagpurians commute but will also alter the real estate scenario of the city in coming years in a big way. It has already planned 13 real estate projects of which six have already been sanctioned. In addition, it will construct an international standard amusement park on Krazy Castle land.

                These projects are spread all around the city. It will take some years before all of them are completed. MahaMetro is banking on easy accessibility of these projects for response from potential customers.

                MahaMetro will build two tallest buildings in the city — 25-storey towers — opposite Yeshwant Stadium in Dhantoli and Kasturchand Park. It will also build a 20-storey building at Zero Mile. In addition, there are several big commercial projects in offing for the city. Combined together the 11 projects are the biggest real estate project in the city whose cost runs into thousands of crores. MahaMetro property development officials are however, yet to calculate the cost of the projects.

                According to managing director Brijesh Dixit, six commercial projects have already been sanctioned by MahaMetro. “One is the traffic and transit management centre (TTMC) opposite Yeshwant Stadium. It will have a 25-storeyed tower and two 19-storeyed towers. It will be connected to Sitabuldi interchange station by an elevated skywalk. Tender for this project has already been floated. Five major players — Inorbit, Prozone, Phoenix, WTC and Zender have already sent enquiries. The pre-bid meeting will be held on April 10,” he said.

                The tender for a 7-storey commercial complex at Khapri station has already been floated but is stuck up due to a minor court case. The tenders for a 25-storey tower at Kasturchand Park, 8-storey commercial complex at Prajapati Nagar station and 20-storey tower at Zero Mile will be floated this year. National Highways Authority of India (NHAI) and Jawaharlal Nehru Port Trust (JNPT) have booked three floors above airport station and all the seven floors in the station annexe.

                There are two residential projects in the pipeline. They are townships at Hingna Mount View and Mihan Metro City stations. The former is spread over an area of 15 acre. Due to height restrictions imposed by Airports Authority of India (AAI), it will have 1,200 flats and bungalows having area between 600 and 1,200 square feet. Mihan Metro City will have 2,500 tenements in the same range. Reliance Retail has already expressed desire to start a big outlet in this township.

                Five more commercial projects are in the offing. They are located at Cotton Market, Santra Market, Gaddigodam, Jai Prakash Nagar and Neeri. MahaMetro has sought land from various agencies but is yet to get it.

                Commenting on mode of execution of these projects, Dixit said, “These projects will be built on public private partnership (PPP) basis. The operator will have to build according to our design. He will give us upfront premium and then there will be a moratorium of three years for big projects and of two years for small ones for payment of royalty. The operator is free to complete the project stage wise as per market demand but he will have to pay us the royalty after the moratorium period is over.”

                Dixit further said that Nagpur Metro project was not dependent on royalty from real estate projects. “Half the cost is being borne by state and central governments and local bodies. The royalty will only help us in paying off foreign loans. However, this is the first Metro project in India that is creating so much real estate. It is known as land value capture (LVC),” he added.

                The transit oriented development (TOD) policy of the state government permitting extra construction on both sides of Metro corridor up to a distance of 500 metres will also fetch extra revenue for MahaMetro and change the realty scene of the city.

                MahaMetro had organized an investors’ conference last year to apprise real estate players about its plans. It had received good response with several major players sending their representatives. Later several doctors expressed desire to shift their hospitals to Metro buildings because of easy accessibility.


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                • Re : Nagpur Best place for Real Estate Investment

                  What about the Frauds commited by develpors in Nagpur. Nagpur is SCAM City. you can find 7/12 of the same land with 10 persons with diffrent name of land owner. Many NRI were cheated in 2006-2007 by Grace Reality particularly by Manan Bhondhekar, Gaikwad and others.Others developers/agents also sold the same property to 2-3 persons. Many did crimes on the name of property in Nagpur. Many Agarwals are in jail for cheating innocent buyers. For one property 5 persons will be having power of attorney in Nagpur.... Somebody posted that many minted money by buying Plots near to MIHAN. Many who purched Plots 9-10 years back near to VCA for 350 or 400 Rupees SQ feet are ready to sell for 500 -600 sq feet but no buyer at this time . Do you mean thease people minted the money?? Poster is Selling land on Wardha road from 2005-2006 he was working with a developer PUSHKAR.. then started selling directly. If you want to buy Plot on Wardha road or any part in Nagpur never buy without SEARCH REPORT..Hire your lawyer and Let the lawyer go for the search report of Plot/Land and once you get the report is clear then enter the deal.. Register it then go for Mutation... Land is not going to appriciate immidiatly and do not expect rates to increase in 3-4 years. No buyers at this time. much better to buy inside City limits if you want to live now or want to construct your home. Nagpur is famous for fraudulent documents land documents. take precaution.

                  Last edited April 13 2018, 09:18 AM.


                  • Re : Nagpur Best place for Real Estate Investment

                    Aim for natural regeneration of forests, NGOs tell govt

                    Vijay Pinjarkar| tnn | Apr 13, 2018, 05:11 IST

                    Nagpur: With two days left for submitting objections and suggestions on the Draft National Forest Policy-2018, several leading NGOs in country have emphasized the need for its recast in the larger interest of the nation.

                    The draft NFP disappoints on several counts as ideas like compensatory afforestation, catchment area treatment and Joint Forest Management (JFM) have been included in it in spite of massive evidence on their failures documented by CAG, parliamentary panels and other independent assessments.

                    In his submission to MoEFCC, KM Chinnappa, trustee, Wildlife First, Bengaluru, suggested stopping indiscriminate diversion of forest land for ill-planned developmental projects. “Forest fragmentation has devastating impacts and disrupts landscape connectivity, creates new edges, eliminates rare species and leads to steady degradation of habitat and increased human-wildlife conflict. Hence, policy should aim at consolidating such blocks, he said.

                    Wildlife First, which is working for conservation since 1995, said the draft policy was bereft of knowledge-driven solutions that have the potential to balance the competing needs of conservation and development. A large part of CAMPA fund must be applied for various forest consolidation activities/projects and not wasted on raising plantations.

                    Even Debi Goenka, executive trustee of Conservation Action Trust (CAT), Mumbai, suggested strict implementation of land for land policy for all FCA proposals. On sustainable management of forests chapter, he suggested to also include “large projects like dams, mining, windmills, linear intrusions like roads, canals, transmissions lines, railway lines, instead of word grazing.”

                    In his submission, another trustee of Wildlife First Praveen Bhargav suggested new monitoring system as current regime of online forest clearance system gives ample scope for exploitation by unscrupulous project proponents in collusion with authorities involved. Since most violations are clearly intentional, without timely detection, as is the situation now, there is little or no scope for rectification later.

                    Satpuda Foundation president Kishor Rithe said the NFP draft covered several forestry issues under various objectives, but it failed to address how these objectives would be achieved. Rithe in his submission expressed concern over unbridled diversion of forest land for projects. “In the last 30 years, 14,000 sqkm of forest have been diverted. The draft policy is not clear how it will stop such diversions,” he said.

                    Suggesting improvement of forest cover and consolidation of habitats and corridors, Bhargav said, “It is extremely important to ensure we recover natural forests that are degraded and not create monoculture plantations with exotic trees in such degraded forests/natural scrub forests/ natural grasslands as is being done now.”

                    On essential principles of forest management, Goenka said “productivity” should be changed to “ecosystem services”. He submitted that while undertaking measures to increase forest cover, existing eco-systems like grasslands, desert, mudflats, etc should not be changed into forest areas. “Ideally, natural regeneration should be encouraged by protecting land from grazing,” he said.

                    CAT submitted “there should be no regularization of existing encroachments whilst clearly demarcating the forest boundaries. Shifting cultivation and leasing of forest lands to private entities should be completely banned.”

                    Rithe said India’s total forest cover was 7.08 lakh sqkm, which was 21.54% of the geographic area. In last 30 years, at least 15,000 sqkm forest area had fallen prey to encroachments. This tendency has expedited, especially after FRA 2006. “We have suggested various measures to stop it,” he said.

                    On commercial extraction of forest produce, the draft policy regrettably is advocating promotion of “market-oriented approach embedded in sustainability” as part of business plans. “We have submitted the NFP must promote conservation of forests above all else. We urge a complete rethink and recast of the policy to promote non-timber forest produce (NTFPs) for business under the veil of sustainability,” says Chinnappa.


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                    • Re : Nagpur Best place for Real Estate Investment

                      MahaMetro balks at cash demand for Cotton Market land

                      Ashish Roy and Proshun Chakraborty| TNN | Apr 13, 2018, 03:29 IST

                      Nagpur: Union transport minister Nitin Gadkari may want MahaMetro to develop Cotton Market area but the project has hit a major roadblock. Nagpur Municipal Corporation (NMC), which owns the land from Cotton Market to Khowa Market, wants Metro to pay Rs 148 crore to it for 21,700 square metre piece. Metro officials have, however, made it clear they want it for free.

                      A source in NMC told TOI the civic body wants either cash upfront or this amount to be adjusted against NMC’s 5% share in the project. A senior MahaMetro official responded, “The project was not included in the detailed project report (DPR) of Nagpur Metro project. Therefore there is no question of adjusting the amount against NMC’s share. Gadkari has asked us to develop the project and hence state government must provide us the land at nominal lease rent. It is for the state government to compensate NMC, if it wants.”

                      The official rued NMC was not even paying its share of the project. “So far we have been handed over NMC land worth Rs 136 crore. The corporation has to pay us Rs 298 crore more. Of this Rs 73 crore is direct grant for construction and Rs 225 crore is reimbursement of cost of private land acquired by us using our own money,” he said.

                      The cash-strapped NMC has, however, taken a policy decision not to give any cash to MahaMetro. A resolution was passed in the general body in this regard. NMC wants its land to be considered its share in the project.

                      The rehabilitation of hawkers and shopkeepers is another contentious point. NMC has made it clear MahaMetro will have to rehabilitate 1,100 licensed hawkers and 135 shopkeepers earning their livelihood on this land. MahaMetro official said the agency had no idea so many hawkers were operating in the area. “We will find it difficult to rehabilitate such a large number of people,” he added.

                      According to a note prepared by NMC, the area of the land between Central Avenue and Cotton Market was 70,400 sq m. NMC has already handed over 22,400 sq m land towards Khowa Market to MahaMetro. Of the remaining land, Hindi Bhashi School is spread over an area of 660 sq m. Ownership of this land will not be transferred. Same will be the case with a plot admeasuring 47 sq m. Out of the remaining land, 21,700 sq m will be handed over to MahaMetro.

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