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The Maharashtra government has issued a final notification allowing the conversion of leasehold and Class II occupancy land to freehold by paying a premium of up to 25% of Annual Statement Rates (ASR). Residential landholders must pay 15% of ASR for freehold ownership. This move grants full property rights and boosts state revenue. However, stakeholders have raised concerns over exclusions, procedural hurdles, and a short application window ending December 31, 2025. The policy affects nearly two million families living on such lands for decades. Calls for amendments and extended timelines continue to ensure fair access to freehold conversion.
The Maharashtra government has issued a final notification permitting the conversion of leasehold and occupancy class II land to freehold status. This transition requires landholders to pay a premium of up to 25% of the Annual Statement Rates (ASR) or Ready Reckoner (RR) rates. The revised premium rates will remain in effect until December 31, 2025. Under these regulations, individuals, private landholders, and companies holding Class II land for residential purposes must pay a premium of 15% of the ASR to secure freehold ownership. Advertisement
Leasehold lands are government-owned properties leased to private individuals, cooperative housing societies, or industries, while occupancy class II lands come with ownership restrictions. By converting to freehold, the landholder gains full ownership rights upon payment of the required premium. This policy aims to provide greater security to landholders while generating revenue for the state. Despite the government's move to facilitate freehold conversion, concerns have emerged regarding exclusions and procedural challenges.
The government published the initial notification on February 20 and allotted only five working days, until March 2, for citizens to submit feedback. Many stakeholders found this timeframe insufficient for thorough deliberation. Further complicating matters, the notification has imposed a restrictive 10-month deadline for applications, ending on December 31, 2025.
The policy changes could impact nearly two million families living in thousands of cooperative housing societies on occupancy class II and leasehold land for over 50 years. Addressing these concerns through policy amendments and extended timelines would ensure equitable access to freehold conversion while upholding the interests of affected residents.
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