The Eknath Shinde government on Monday approved the extension of the lease period to 60 years for 39 projects of the Maharashtra State Road Transport Corporation (MSRTC) being developed on a build-operate-transfer (BOT) basis. The lease period for these projects was currently 30 years.
As per the cabinet decision, under the new terms, commercial use of the available floor space index (FSI) on these plots will be permitted, excluding 0.5 FSI reserved for MSRTC's construction.
The development will follow provisions of Development Control Regulations 2034 and Unified Development Control and Promotion Regulations 2020.
Furthermore, MSRTC has been exempted from paying 50% of the revenue share to the government for commercial utilisation of these plots. The final decision on BOT tenders will be made directly at the corporation level.
Bu hikaye The Free Press Journal dergisinin September 24, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Free Press Journal dergisinin September 24, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Shooting pain
Prateik Babbar opens up about his latest short film Beinteha
Netflix denies producer's claims
Netflix reacts to Vashu Bhagnani's Claims of non-payment of dues
Baig's brace bags the game for Rangers
Kalina Rangers-CFF outclassed Mumbai Customs 3-1 at the Nadim's MFA Harwood Champions League played at Cooperage football ground here on Wednesday.
Man City too hot for Watford
LEAGUE CUP | City's 2nd-tier team wins 2-1; Nkunku nets hat-trick for Chelsea
BMC officer finishes 'Ironman' triathlon
Mumbai civic body's deputy commissioner Vishwas Mote has successfully completed the 'Ironman Italy Emilia Romagna' triathlon and expressed hope that his achievement will inspire others also to focus on fitness, officials said.
NADA sends notice to wrestler Vinesh
The anti doping agency has sought whereabouts failure explanation
Brook hits century in England's 46-run win
England captain Harry Brook struck his first one-day international century before his team clinched a 46-run win by the DLS method to keep alive the series against Australia.
GM Erigaisi conquers pressure through detachment
Indian Grandmaster Arjun Erigaisi has revealed that he once felt bogged down by the weight of his own expectations, a phase that led to several lows, but by detaching himself from the outcome of his matches, he has finally discovered the path to success.
Rohit is a supportive captain: Akash Deep
The pacer credits Indian Test skipper for his seamless transition from domestic to international cricket
‘Shakib is eligible for selection’
Coach Hathurusinghe allays fitness concerns owing to an injury that he picked up in the opening game
