State set to waive ₹45 cr stamp duty for DRP

After deciding to hand over hundreds of acres of land to the Gautam Adani-led Dharavi Redevelopment Project (DRP), the Mahayuti government has now proposed to waive the stamp duty worth ₹45 crore on the lease agreements of the land parcels.

- Surendra P Gangan

MUMBAI: The state cabinet is expected to give its assent to this in the next few days.

The state government, through orders issued from time to time over the last one year, is all set to give 541 acres of land from six land parcels for the DRP. Of this, 63.51 acres has already been handed over to the special purpose vehicle constituted for the purpose. It includes 21 acres of the Mother Dairy land at Kurla and 42.51 acres of the 58.5 acres of salt pan land in Mulund. Apart from this, 124 acres in Deonar, 140 acres near Aksa Beach in Malad, 120.5 acres of salt pan land in Kanjur and 76.9 acres of salt pan land in Bhandup have been approved to be handed over for the rehabilitation of ineligible residents of Dharavi.