SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Maharashtra grants land ownership to Partition-era Sindhi refugees

#Law & Policy#India#Maharashtra
Synopsis

Over 70 years after Partition, Sindhi families who migrated from West Pakistan to Maharashtra are set to receive long-awaited ownership rights to the lands they settled on. The state cabinet has approved a special one-year amnesty scheme to regularize land leases in 30 designated areas (excluding Ulhasnagar). The scheme grants freehold status at a concessional rate, benefiting an estimated five lakh people. Residential properties up to 1,500 sq ft will be charged a 5% premium of the Ready Reckoner Rate (RRR), while commercial properties will pay 10%. For larger properties, the rate will double. Revenue Minister Chandrashekhar Bawankule said the scheme may be extended if needed.

In a relief that has come over seventy years after the Partition, families who had migrated to Maharashtra from West Pakistan to escape communal violence are finally set to receive ownership rights to the lands they settled on.


The Maharashtra state cabinet approved a special amnesty scheme that permits the regularisation of land leases across 30 designated areas where Sindhi refugees had settled, excluding Ulhasnagar. The scheme will remain in effect for a year and offers the provision of freehold status and ownership rights at a concessional rate. Community representatives estimated that the move would benefit no fewer than five lakh individuals. The decision applies to both residential and commercial plots.

The government will levy a premium of 5% of the Ready Reckoner Rate (RR Rate) for residential properties measuring up to 1,500 square feet. For commercial properties, a 10% premium of the RR Rate will be charged. In cases where the property area exceeds 1,500 square feet, the premium will be doubled.

State revenue minister Chandrashekhar Bawankule remarked that the scheme's duration may be extended for another year, should the need arise.

Discussion

Have something to say? Post your comment