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Mumbai Real Estate News

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  • Re : Mumbai Real Estate News

    Stamp duty waiver helped Maharashtra's revenue grow by Rs 367 crore

    "In four months, the registration of documents rose by 4.11 lakh, or 48.73 per cent, giving the state exchequer higher revenue of Rs 367.73 crore, a rise of 3.97 per cent," Revenue Minister Balasaheb Thorat said.
    • PTI
    • January 02, 2021, 09:47 IST

    The Maharashtra government's revenue from registration of documents rose by Rs 367 crore due to a three per cent waiver in stamp duty between September and December 2020, a state minister said on Friday.

    Talking to, Revenue Minister Balasaheb Thorat said the stamp duty waiver scheme, introduced in September for four months till December 31, was aimed at reviving the construction and real estate sectors, which were in trouble due to the coronavirus-induced lockdown and resultant economic downturn.

    "The stamp duty was six per cent in urban areas and five per cent in rural areas, both of which were brought down by three per cent," he said.

    "In four months, the registration of documents rose by 4.11 lakh, or 48.73 per cent, giving the state exchequer higher revenue of Rs 367.73 crore, a rise of 3.97 per cent," he added. The number of documents registered during these four months was 12,56,224, up from 8,44,636 in September- December period in 2019, an increase of 4,11,588 documents, Thorat said.

    "The revenue generated rose from Rs 9,254.9 crore in this period last year to Rs 9,622.63 crore in September- December this year," the minister said. "There was a rise in the number of registration of documents by 4,11,588 and increase in revenue by Rs 367.73 crore. The rise in number of documents was 48.73 per cent, and the revenue rise was 3.97 per cent," he said.









    Stamp duty waiver helped Maharashtra's revenue grow by Rs 367 crore, Real Estate News, ET RealEstate (indiatimes.com)

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    • Re : Mumbai Real Estate News

      Mumbai: No pre-arrest bail to Rohan Lifespace in building redevelopment case

      A flat buyer had registered a complaint against the builder for failing to redevelop Aaram Guest House, a sea-facing property at Girgaum Chowpatty.
      MUMBAI: Harresh Mehta, once considered south Mumbai’s leading builder, has had his anticipatory bail application rejected by the sessions court in connection with the redevelopment of a prime property near Marine Drive. Mehta, who has redeveloped several old and dilapidated buildings in the island city and turned them into luxury towers, had moved court following a FIR filed by the Economic Offences Wing (EOW).

      A flat buyer had registered a complaint against the builder for failing to redevelop Aaram Guest House, a sea-facing property at Girgaum Chowpatty.

      In his December 24, 2020, order, additional sessions court Judge Sanjay N Yadav said: “The applicant had not carried out the development project but had gained wrongfully, causing wrongful loss to the informant. It is clear that the accused had the intention to cheat the informant since the inception of the transaction and also had the intention to misappropriate the amount of the informant and his brothers. The offence is serious, needs to be investigated thoroughly. The custodial interrogation of the applicant is necessary.” The order further said, “It is the case of the prosecution that the accused had not cooperated in the investigation. There is nothing to infer the applicant is falsely implicated in the crime... The application for anticipatory bail cannot be considered.”

      When contacted, Mehta told TOI: “The matter has been amicably settled.”

      According to the FIR, Mehta of Rohan Lifespace was to complete redevelopment of Aaram Guest House as a 22-storey luxury residential tower by 2013. The complainants—the Shah family comprising three brothers—had booked apartments in 2009-10 and paid the developer Rs 8.16 crore.

      “The amount of Rs 8.16 crore is misappropriated, causing wrongful loss to the informant and his brothers and wrongful gain to the applicant,” said the order.

      The complainant said in 2016 he learnt through a newspaper notice the property was to be mortgaged. The brothers raised objections to the notice. The FIR was filed against Mehta on November 26, 2020.

      The order, after hearing counsel Ashok Dubey for Mehta and Aabad Ponda with Chirag Naik for the Shah brothers as intervenors, said the “huge amount” accepted by the developer from the brothers was not returned nor was the property developed and the flats delivered.

      Mehta’s plea said he was “innocent and falsely implicated”. It said the complainants had “invested in the project purely as an investor and knew well that the property has many issues which need a resolution before construction can commence”. It said construction could not commence as there was no permission from authorities and cited pending litigations due to which height permissions at Marine Drive were in a limbo.

      Mehta said complainant Mehul Shah had also, in December 2019, filed a company petition to initiate a corporate insolvency resolution process against Rohan Developers before National Company Law Tribunal. The tribunal adjourned the matter last January while recording the builder’s submission that “settlement talks have been initiated”. Mehta said during the pandemic he lacked funds to repay complainants but has “properties to compensate to them”.











      Mumbai: No pre-arrest bail to Rohan Lifespace in building redevelopment case, Real Estate News, ET RealEstate (indiatimes.com)

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      • Re : Mumbai Real Estate News

        Mumbai: Court says OC is builder's job, acquits 80-year-old BMC wanted to evict

        The court said that under provisions of the act no building which is being used as a human dwelling should be entered without the consent of the occupier and in the absence of giving a written notice.
        MUMBAI: Acquitting an 80-year-old Mulund man who failed to comply with the eviction notice issued by the BMC for residing in a flat without obtaining an occupation certificate, a magistrate court recently said that the responsibility of procuring the document lies only with the builder, developer and architect. The court found that the accused, Avinash Vaidya had not violated section 353 A of The Mumbai Municipal Corporation Act.

        “The basic object of section 353A is obtaining completion certificate by the developer and architect. For their failure, the flat owners, who have paid a large amount to the builder to purchase the flat, cannot be held responsible,” the metropolitan magistrate said. The section attracts a fine if one is found guilty.

        The court also said that the BMC had no authority to inspect the premises in 2016 without giving prior notice. The court said that under provisions of the act no building which is being used as a human dwelling should be entered without the consent of the occupier and in the absence of giving a written notice. It pointed out that the act provided sufficient reason must be fur nished in their absence.

        “In the present case, Mr Avasare (BMC’s sub engineer) has admitted that no such notice was given to the residents of the building, prior to inspection. Therefore, the inspection taken by Mr Avasare without issuing the said notice becomes invalid in the eyes of law,” the court said. Additionally, the court pointed out that in any case 15-day period given in the eviction notice was not a sufficient enough time for anyone find another house in Mumbai.

        “Evidence on record reveals that the notice is issued to vacate the flat immediately. Thereafter, second inspection is carried out exactly after 15 days and prosecution is initiated. However, in my view, 15 days period is not at all a sufficient period to find out other premises in a metropolitan city like Mumbai,” the court held. The court also observed that the sub engineer in his deposition only submitted that the flat was occupied by Vaidya.

        It held that inspection report nowhere clarified as to how the sub engineer had drawn the inference.

        “Even if it is considered that the accused was present in the flat, this fact itself can not prove that it was occupied by him. He may be present in the flat for any other reason like carrying out interior work prior to occupation,” the court said.












        Mumbai: Court says OC is builder's job, acquits 80-year-old BMC wanted to evict, Real Estate News, ET RealEstate (indiatimes.com)
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        • Re : Mumbai Real Estate News

          Mumbai: Court says OC is builder's job, acquits 80-year-old BMC wanted to evict

          The court said that under provisions of the act no building which is being used as a human dwelling should be entered without the consent of the occupier and in the absence of giving a written notice.
          MUMBAI: Acquitting an 80-year-old Mulund man who failed to comply with the eviction notice issued by the BMC for residing in a flat without obtaining an occupation certificate, a magistrate court recently said that the responsibility of procuring the document lies only with the builder, developer and architect. The court found that the accused, Avinash Vaidya had not violated section 353 A of The Mumbai Municipal Corporation Act.

          “The basic object of section 353A is obtaining completion certificate by the developer and architect. For their failure, the flat owners, who have paid a large amount to the builder to purchase the flat, cannot be held responsible,” the metropolitan magistrate said. The section attracts a fine if one is found guilty.

          The court also said that the BMC had no authority to inspect the premises in 2016 without giving prior notice. The court said that under provisions of the act no building which is being used as a human dwelling should be entered without the consent of the occupier and in the absence of giving a written notice. It pointed out that the act provided sufficient reason must be fur nished in their absence.

          “In the present case, Mr Avasare (BMC’s sub engineer) has admitted that no such notice was given to the residents of the building, prior to inspection. Therefore, the inspection taken by Mr Avasare without issuing the said notice becomes invalid in the eyes of law,” the court said. Additionally, the court pointed out that in any case 15-day period given in the eviction notice was not a sufficient enough time for anyone find another house in Mumbai.

          “Evidence on record reveals that the notice is issued to vacate the flat immediately. Thereafter, second inspection is carried out exactly after 15 days and prosecution is initiated. However, in my view, 15 days period is not at all a sufficient period to find out other premises in a metropolitan city like Mumbai,” the court held. The court also observed that the sub engineer in his deposition only submitted that the flat was occupied by Vaidya.

          It held that inspection report nowhere clarified as to how the sub engineer had drawn the inference.

          “Even if it is considered that the accused was present in the flat, this fact itself can not prove that it was occupied by him. He may be present in the flat for any other reason like carrying out interior work prior to occupation,” the court said.











          Mumbai: Court says OC is builder's job, acquits 80-year-old BMC wanted to evict, Real Estate News, ET RealEstate (indiatimes.com)
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          • Re : Mumbai Real Estate News

            Asian Paints' Hasit Dani buys Rs 95-crore duplex on Carmichael Road

            The deal for the 6,374 sq ft luxury apartment was registered last week and is valued at over Rs 1.49 lakh per sq ft, among the most expensive property transactions in the country.
            MUMBAI: Hasit Dani, a member of the Asian Paints promoter family, has bought a duplex apartment in a project being built on the plot of Hindustan Unilever’s erstwhile guesthouse Alhambra on south Mumbai’s Carmichael Road for Rs 95 crore.

            The deal for the 6,374 sq ft luxury apartment was registered last week and is valued at over Rs 1.49 lakh per sq ft, among the most expensive property transactions in the country.

            Dani purchased the apartment from Hydra Trading, another Asian Paints promoter group company.

            In 2016, HUL sold Alhambra, a bungalow built by the sultan of Darbhanga, for about Rs 170 crore. The property had been home to three former company chief executives--Manvinder Banga, Doug Baillie and Nitin Paranjpe. It hadn’t said who the buyer was at the time.

            Dani has purchased the apartment along with his wife Shubhalaxmi. They have paid stamp duty of Rs 1.90 crore for the transaction that was registered on December 30, according to data accessed by Zapkey.com. As part of the deal, they will also get access to four car parking slots.

            According to the documents submitted to the civic authorities, Hydra Trading is developing a 10-storey, super-premium residential project. The project will have four luxury apartments on the top five floors, including the Dani duplex occupying the eighth and ninth floors. The first five floors will be for car parking.

            Asian Paints didn’t respond to queries.

            Several high-value transactions are getting finalised and registered in the luxury segment of the country’s most expensive property market of Mumbai owing to easing prices and lower stamp duty benefit. These deals are helping drive volume in the luxury segment that had remained sluggish for nearly half a decade.

            In a bid to kick-start the real estate sector by encouraging resdiential sales, the government of Maharashtra had announced a reduction in stamp duty charges to 2% from 5% from September to December-end. Stamp duty will be charged at 3% of the agreement value from January to March end.

            The stamp duty reduction has not only helped convert pent-up demand in the mid-income and affordable segments but also prompted the conclusion of several large-ticket transactions in the city. While registration data has suggested more traction in housing sales in suburban localities, these luxury deals in south-and south-central Mumbai are also taking the country’s most expensive property market to new highs.










            Asian Paints' Hasit Dani buys Rs 95-crore duplex on Carmichael Road, Real Estate News, ET RealEstate (indiatimes.com)
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            • Re : Mumbai Real Estate News

              Ex-Maharashtra CM urges RBI to aid Mumbai societies redevelopment

              They expressed concern over certain orders by RBI and NABARD seeking to treat the self-redevelopment projects as 'Commercial Real Estate ventures' which were contrary to the benefits envisioned under the ambitious self redevelopment scheme.
              • IANS
              • January 08, 2021, 09:42 IST

              MUMBAI: Given the major problems confronting the redevelopment of some 5,800 old and dilapidated buildings in Mumbai, the opposition BJP in Maharashtra on Thursday submitted to the RBI a plea on finance and other aspects to boost 'self-redevelopment' by cooperative housing societies (CHSs).

              Leaders of Opposition Devendra Fadnavis (Assembly) and Pravin Darekar (Council) met Reserve Bank of India (RBI) Governor Shaktikanta Das to discuss the major issues of self-redevelopment of CHSs and submitted a memorandum.

              They expressed concern over certain orders by RBI and NABARD seeking to treat the self-redevelopment projects as 'Commercial Real Estate ventures' which were contrary to the benefits envisioned under the ambitious self redevelopment scheme.

              Fadnavis and Darekar said that the RBI has permitted certain private finance companies outside the purview of the state cooperative structure to lend money to CHSs and urged the regulator to ponder on this as the District Central Cooperative Banks are already facing huge competition from commercial and private banks.

              The two leaders pointed out that around 5,800 redevelopment projects in Mumbai alone are languishing at various stages of incompletion and the residents, including many senior citizens have been rendered homeless despite having their own home.

              Fadnavis recalled that when he was Chief Minister, he had learnt that many CHSs were ready to embrace the new concept of 'Self-Redevelopment' following which he had formed a committee to examine the proposal with the government, officials of Mumbai District Central Cooperative Bank, realty experts and the societies.

              The government had accepted the recommendations of the committee and considering the benefits, on September 13, 2019, the state issued a special GR to facilitate finance for societies opting for self-redevelopment with Maharashtra State Cooperative Bank as the nodal agency, he said.

              In order to make it more beneficial to the CHSs, the government offered a slew of concessions and incentives like a single-window clearance, interest subsidy of 4 per cent, 10 per cent extra FSI, TDR at 50 per cent of Ready Reckoner Rate, concessions or deferment in premiums payable to various government authorities, and reduced Stamp Duty of only Rs 1,000 for the member flats as applicable under Pradhan Mantri Awas Yojana (PMAY).

              The state also permitted 2.5 FSI if one-third of the flats were for EWS, concessions in GST and Open Space Deficiency Premium, 3-year time-bound completion for all projects, vigilance committee to monitor the projects and self-redevelopment redressal committees at district levels.

              Many CHSs which opted for the new self-redevelopment scheme have already made huge investments, secured the nearly 70 permissions required for the purpose, some have already demolished their buildings and others are on the verge of razing them.

              At such a crucial stage, it was not possible for them to stop the projects if they are denied finance as promised under the scheme as it would ruin the entire process of self-redevelopment, could render the members homeless, besides throwing them at mercy of private builders, the two leaders told Das.

              "Prime Minister Narendra Modi dreams of every family owning a house by 2022, a lot of projects have been initiated under PMAY for the weaker sections. When we are dreaming of enabling even the homeless to own a house, how can we deprive a home to a person who already owns one?" Fadnavis asked.

              The BJP leaders called upon the RBI and Das to ensure that finance provided to self-redevelopment projects is not treated as a commercial real estate venture to uphold the objectives behind the scheme to benefit the common masses in tune with the Prime Minister's dream for housing for all.












              Self-redevelopment in Mumbai: Ex-Maharashtra CM urges RBI to aid Mumbai societies redevelopment, Real Estate News, ET RealEstate (indiatimes.com)


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              • Re : Mumbai Real Estate News

                Mumbai: Mhada can save Rs 250 crore with rehabilitation flats at Worli

                Three months back MHADA began laying the foundation for three transit buildings at Worli, which will take at least three years to complete.
                MUMBAI: Maharashtra Housing Area Development Authority (Mhada) could save Rs 250 crore if it replaces transit tenements with rehab flats at Worli. Three months back MHADA began laying the foundation for three transit buildings at Worli, which will take at least three years to complete. Saving time and preventing cost-escalation has now forced the authority to relook at one of its most ambitious housing projects in the city.

                The transit tenements are being constructed on open spaces within Worli BDD chawl complex. Constructing rehab flats, rather than transit tenements, is being considered along with other issues, that are proving to be hurdles in redevelopment of BDD chawls at Worli, Naigaum in Dadar and at N M Joshi Marg, Lower Parel.

                A committee comprising Mhada vice-president, chief engineer (roads), public works department and chief officer (Mumbai Board) is discussing how to speed up the redevelopment.

                Yogesh Mhase, chief officer (Mumbai Board), said redevelopment is moving at a very slow pace and work must be speeded up. While Worli BDD, the largest cluster with 121 chawls, is estimated to take 10 years for redevelopment, Naigaum and N M Joshi are expected to take at least eight years. In the case of Naigaum, the contractor, Larsen & Toubro, had even served a termination notice as MHADA in three years failed to complete the eligibility survey and to hand over vacant land to the contractor to begin construction.

                “The government is keen the project is completed in five years,” said Mhase. He said deciding eligibility was crucial as government had promised a free 500 sq ft flat to eligible tenants, and is one of the biggest stumbling blocks. The promise of a free flat has led to disputes within families, often resulting in violence and police cases. The committee will also decide if the cut-off date for eligibility for commercial units can be extended beyond June 2017.

                The committee is also considering a multi-level car park, rather than three-level basement parking, as it would reduce maintenance costs. Mhada promised to bear maintenance costs for 10 years for the rehab buildings.

                The committee, meeting everyday, will submit recommendations to the government by January 10.

                Mhase said changes that will be proposed by the committee will be within the framework of the contract signed. “The process of deciding eligibility for phase I is on. Shifting of eligible tenants has been delayed on account of Covid-19 and is unlikely for 3-4 months. This process of consultation does not impact work currently under way,” he said.












                Mumbai: Mhada can save Rs 250 crore with rehabilitation flats at Worli, Real Estate News, ET RealEstate (indiatimes.com)
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                • Re : Mumbai Real Estate News

                  BMC helping those who put up illegal constructions: Bombay HC

                  A petition was filed by the A H Wadia Trust regarding an illegal structure on its property in Kurla. In August 2020 the HC had directed that the site be inspected and appropriate action taken.
                  MUMBAI: The Bombay high court has criticised the BMC for its approach towards illegal structures in the city.

                  “We get the impression that you are trying to help people putting up unauthorised constructions. You don’t take our orders seriously and go out and say this court is very harsh to officers of (BMC). When our orders are not followed, what do we expect to do?” said a bench of Justices Shahrukh Kathawalla and Riyaz Chagla on Friday.

                  A petition was filed by the A H Wadia Trust regarding an illegal structure on its property in Kurla. In August 2020 the HC had directed that the site be inspected and appropriate action taken. The trust moved for contempt against the BMC alleging that no action was taken pursuant to the order.

                  The BMC’s advocate, Joel Carlos, said the site was inspected and second floor construction stopped and demolished. The judges said action ought to have been taken against the entire structure, and not only the second floor. They asked the executive engineer present whether he read the order and understood it. Carlos said the engineer was under the impression that it was an ongoing construction.

                  “It is unpardonable. You are senior-most in the hierarchy after the assistant (municipal) commissioner. Can you be heard to say this? After reading the order, you have not complied with it,” said Justice Kathawalla.

                  It was then that the judge observed that BMC was not taking the court’s orders seriously. “Simple English orders they don’t understand and don’t implement,” said Justice Kathawalla.

                  Carlos urged to permit action under section 351 (demolition) of the Mumbai Municipal Corporation Act (also known as the BMC Act).

                  Justice Kathawalla pointed out that encroachers obtain an injunction from the civil court.

                  “You are giving them that handle… an opportunity to do what they have not done. Whole purpose of the order is lost,” he said.

                  Carlos said the trust owns large chunks of land in the Kurla-Kalina area. “Its managers give these properties on rent, issue rent receipts and then the trust expects the BMC to remove the encroachments,” the BMC’s advocate said. To that, Justice Kathawalla remarked, “We are not at all happy with the functioning of the Wadia Trust.”

                  The judges were inclined to initiate contempt action asking whether the executive engineer “will go to jail or pay fine?” They relented and accepted Carlos’s statement that the BMC will take action under section 351 "to its logical end”. The judges will pass a formal order.










                  BMC helping those who put up illegal constructions: Bombay HC, Real Estate News, ET RealEstate (indiatimes.com)
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                  • Re : Mumbai Real Estate News

                    Wadhwa Group exits Rs 7,500 crore project in South Mumbai

                    The partners ‘cordially’ decided to end the agreement for the luxury residential development called 25 South, comprising three towers of about 50-storeys each on a 5.5-acre plot.
                    MUMBAI: Six years after signing a joint development agreement for a prime sea facing Prabhadevi plot, developer Wadhwa Group is believed to have walked out of the Rs 7,500-crore project following differences with partner Hubtown (formerly Ackruti). The partners ‘cordially’ decided to end the agreement for the luxury residential development called 25 South, comprising three towers of about 50-storeys each on a 5.5-acre plot.

                    On Monday, both sides vehemently denied the split during a con call with TOI.“It’s not true. We had issues which any two partners have and we both have moved on and are focusing on what is important,” said Navin Makhija, MD, Wadhwa Group. “We are jointly developing the project. There is no disagreement. Rivals are spreading rumours,” sai Vimal Shah, MD, Hubtown.

                    However, market sources confirmed the differences between the two builders were settled before an arbitration tribunal of Justice (retired) MG Gaikwad. TOI has learnt the two developers have already signed consent terms to end the partnership and the papers have been sent to be formally registered. The Prabhadevi plot owned by Hubtown used to be the Hindoostan Mills.

                    In December 2014, the developer tied up with Wadhwa to jointly develop the land. Sources familiar with the agreement said that Wadhwa had raised Rs 130 crore from its own capital to start the project. As part of the deal, Wadhwa was to receive 13.5% from the total sale of apartments in the three towers and a fixed fee of Rs 30 crore for planning, developing and executing the entire project. The dispute between the two partners arose over payment issues, it is learnt.

                    The first of the three skyscrapers (Wing A South Tower) has reached up to the 38 floors of the sanctioned 47 floors. According to sources, Wadhwa will now only have claim over portions of this tower and not the other two. “Hubtown will now take over the entire project while Wadhwa will assist in completion of the first tower. Wadhwa will have no rights or interest in the balance project,’’ said sources.

                    Hubtown will reimburse Wadhwa to the tune of Rs 225 crore which will be in the form of 45,897 sq ft of space in the under-construction tower. This includes 21 apartments and 55 car parks in the tower. Some of the corporate honchos and businessmen who have booked flats in Wing A include Rajesh Mandawewala of Welspun Group, Rajiv Sabharwal, MD & CEO of Tata Capital and Sandeep Bakshi, MD & CEO of ICICI bank. Recently, Oaktree Capital Management invested Rs 425 crore in the project.









                    Wadhwa Group exits Rs 7,500 crore project in South Mumbai, Real Estate News, ET RealEstate (indiatimes.com)
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                    • Re : Mumbai Real Estate News

                      Mumbai: BMC cuts budget for open spaces to 75%, major chunk still unused

                      Chaitanya Marpakwar | TNN | Updated: Jan 15, 2021, 11:39 IST

                      Because of the cuts in budget, beautification and development of gardens has come to a standstill.

                      MUMBAI: The BMC cut its budget for developing parks and gardens by 25% this financial year and of the remaining amount 85% of the funds are lying unused which will lapse in March. Activists and opposition parties have alleged that with one of the steepest cuts in the garden's department, the city's parks and gardens won't see any new development this year.

                      Because of the cuts in budget, beautification and development of gardens has come to a standstill.

                      TimesView

                      Public open spaces like parks and gardens are vital for citizens in a space-starved city. The need for well maintained, easily accessible open spaces has become more acute after the pandemic. BMC’s decision to cut the budget for open spaces would ensure that newer spaces are not developed. Besides, a large part of funds usually remains unused and lapses, leaving gardens and parks in a poor condition. BMC must restore the budget provision and available funds to improve open spaces.


                      According to BMC data, the civic body had allocated around Rs 254 crore for its garden's department and the Garden Infrastructure Cell (GIC) in the budget announced in February last year. This amount was allocated for capital expenditure. Of this amount, around Rs 60.30 crore (25%) was cut in in the budget amendment made by the civic general body.

                      As of December-end, BMC had spent only Rs 31.98 croreand the balance Rs 166.20 crore (86%) is unused. Officials said BMC's top brass was not keen on spending money on new open space projects and was instead keen on handing over parks and gardens to third parties to develop and maintain.

                      After cutting its spending of around Rs 2,500 crore of capital expenditure on big-ticket projects, the BMC had imposed a flat 20% cut in revenue expenditure across departments against the backdrop of falling revenues and increased spending over tackling of the Covid-19 pandemic. "The BMC finance's department had asked all its departments to cut costs and prevent unnecessary spending, but cutting the budget for open spaces is unfair," said Samajwadi Party MLA and corporator Rais Shaikh. Because of this, parks and gardens are being neglected. This is the only civic amenity citizens use every day and it is free. If the condition of parks and gardens also drops, quality of life will drop."

                      Besides the Rs 254 crore in capital expenditure, the BMC had earmarked Rs 132 crore under revenue expenditure for the gardens department. "Only operational maintenance, paying electricity bills and security guards is all a part of revenue expenditure. All beautification and development of parks and gardens is part of capital expenditure. There is no spending on any new parks and gardens," an official said.

                      The official added that most ongoing work was taken up in the previous financial year. "This year, due to the pandemic, not much work could be done. But some bills will be raised in the next two months and we expect that around Rs 50 crore more will be spent," said the official.









                      Mumbai: BMC cuts budget for open spaces to 75%, major chunk still unused | Mumbai News - Times of India (indiatimes.com)

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