MUMBAI: The state government may have to shell out a minimum of Rs 800 crore to buy an acre of land inside the Mumbai Port Trust (MbPT) area abutting eastern waterfront in SoBo for the high court which is looking for alternate space to expand.
“Being a government office, an FSI of five can be utilised which means almost five acres of the area will be developed. This will cost around Rs 800 cr, as per today’s rate,” MbPT sources said pointing out that HC was not keen on earlier offered Borivali land pieces by the state government.
As per policy, MbPT is supposed to give priority to the buyers which have services attached to day-to-day port operations such as customs and immigration besides security forces and utility services. “In the case of others, the cost is to be borne at present market rates,” sources said.
Though chief secretary Sitaram Kunte is learnt to have held a meeting to discuss this move, a concrete proposal is yet to be made and forwarded to MbPT which will have to be then sent to their ministerial head office in Delhi for final approval.
The panel of Judges has already visited the MbPT office four times so far and has also surveyed the probable land pieces.
“The land they have zeroed in on near Cotton Green has a lot of houses and resettling them is a major task as policies are to be made for the same,” sources added pointing out that port had only 1-1.5 to 2 acres of land pieces available beyond Yellow Gate.
Source: https://timesofindia.indiatimes.com/city/mumbai/bombay-high-court-expansion-maharashtra-may-have-to-shell-out-rs-800-crore/articleshow/85011032.cms
