Last week, the state revenue dept issued a draft notification extending the period till Dec 31 for concession in premium to be paid for the conversion. The majority are old and dilapidated and in urgent need of redevelopment, yet only 120 have so far opted for conversion of leasehold land to freehold, he said. "The residents are middle- or low-income group and can't afford to pay the premium for conversion.In most cases, the premium has been paid by the builder appointed for redevelopment.
Author: The Times Of India
Published at: 2026-03-01 22:59:00
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