BMC asks for new policy to calculate reserved plot acquisition cost

The Brihanmumbai Municipal Corporation (BMC) urged the revenue department of the state to make a new policy to calculate the price of acquiring reserved private plots for the use of public schools, hospitals and open spaces, among other public amenities in the development plan.

The BMC currently pays hundreds of crores for such land acquisitions as the collector’s office calculates the land cost based on the sale price of flats or built-up area of buildings in the vicinity. The BMC acquired an encroached plot of land in Dahisar reserved for a hospital and playground for more than Rs 330 crore using this formula in November 2019.

Samajwadi

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