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Govt needs Rs 20 Lakh lease, South Bombay societies offer Rs 7 a 12 months; circulate HC after state demands arrears

Govt needs Rs 20 Lakh lease, South Bombay societies offer Rs 7 a 12 months; circulate HC after state demands arrears

March 18, 2025
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Home Property to Rent

Govt needs Rs 20 Lakh lease, South Bombay societies offer Rs 7 a 12 months; circulate HC after state demands arrears

by Vicki Horton
March 18, 2025
in Property to Rent
0

Each of those societies had leased the plots at some stage in the British Raj and paid leases fixed many years ago; city collector says they want a similar deal for every other 99 years.

Seven years after the kingdom government placed into the impact a revised hire coverage wherein rentals on its lands were introduced on par with marketplace rates, 12 housing societies at Malabar Hill have moved the Bombay High Court insisting they’ll preserve to pay the annual lease of Rs 7 constant because of the past 99 years in opposition to the authorities demand of around Rs 20 lakh in step with society. Each of these societies also owes the national sovereignty over Rs 1 crore closer to super hire arrears when you considered in 2012; the evised rent coverage changed into applied.

The societies – Sujata CHS, Pavlova, Skylark, Paras, Avillion, Nishant, New Cosmopolitan, Manhar Oak, Little Gibbs, Monte, New Paradise, and New Cosmopolitan CHS Ltd – are placed in multiple lanes abutting the LD Ruparel Cross Marg. Each apartment in these societies costs more than Rs 10 crore, even as a one BHK flat anywhere on Malabar Hill requires a monthly hire of at least Rs 65,000.

Following notices by using City Collector Shivajirao Jondhale to pay up or vacate the plots, the societies have demanded that their rent agreements be renewed for any other 99 years on an annual rent of Rs 7.
Residents of those societies are amongst tenants in rankings of properties in Mumbai leased during the British Raj at throwaway rents, who preserve to pay an equal amount decades after independence.

Amid demands that these tenants be made to pay the present-day market quotes (former Central Information Commissioner Shailesh Gandhi had filed public hobby litigation that the authorities comfy market hire for its property), the state authorities under Prithviraj Chavan introduced a revised hire coverage in October 2012 wherein it elevated the yearly hire to two consistent with cent of 25 in keeping with cent of the ready reckoner rates. According to the revised policy, plots can best be leased for now, not greater than 30 years.

According to this coverage, a leaseholder of a 570 sq. Mt assets in Colaba, who pay Rs 17 for 12 months in rent, will have to pay just over Rs 3 lakh. Similarly, rent on a three 000 sq. Mt assets in Colaba accelerated from Rs 75 a year to Rs 33 lakh.
Following an apparent uproar from tenants living in such properties and a spate of courtroom cases, the national government further revised the lease to 1 percent of 25 percent of the plot’s equipped reckoner rate last April. Still, a government resolution to this impact hasn’t been issued.

Jondhale advised Mumbai Mirror that he wasn’t annoying something more from the 12 societies. “Those dwelling in those societies live in flats worth Rs 12 crore every and areare fighting over quantities they could effortlessly manage to pay for. Residents of Byculla and Mazgaon have quite agreed to pay the revised rents,” he stated.

The citizens have a unique tale to narrate. Pankaj Shah, chairman of Pavlova CHS, said his society’s hire change was renewed in 1982. “The settlement, without a doubt, said that each phrase and condition would remain the same. Suddenly, in 2012, the authorities woke up and said, this is wrong; now pay us lakhs of rupees in rent and arrears. The petitions of all 12 societies can be heard collectively within the last week of April,” he stated.
Satish Choksi, treasurer of Avillion CHS, stated that not one of the dozen societies would pay until the courtroom delivers its verdict. “The hire of our society will expire only in 2081. We shall no longer pay something greater at this juncture,” he said.

Vicki Horton

Vicki Horton

My name is Vicki Horton. I am a freelance writer who specializes in property, home renovation, and interior decorating topics. I've written hundreds of articles for various publications over the years. I've written on topics such as house flipping, home renovation, property, real estate, remodeling, decorating, and home improvement. I've contributed to several magazines, newspapers, blogs, and online publications. You can reach me at admin@housecarty.com.

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