Pay us for 8.5-acre land parcel: MU to MMRDA

The University of Mumbai (MU) has sought direct monetary compensation from the Mumbai Metropolitan Region Development Authority (MMRDA) for 8.5 acres of land transferred to the planning authority as part of a 2016 memorandum of understanding (MoU) for development of the Kalina campus.

- Niraj Pandit and Ateeq Shaikh

MUMBAI:

"The University has submitted a written request seeking direct monetary compensation. This is currently under review by MMRDA and will be evaluated in accordance with the MoU and prevailing government norms," an MMRDA official told HT.

Demands to seek direct compensation for the land parcel, valued at approximately 1,200 crore, had been raised in earlier meetings of MU's senate committee, as reported by HT on April 1.

According to the terms of the MoU, MU would hand over 8.5 acres of land to MMRDA for construction of two key roads. In return, MMRDA would prepare a master plan for the Kalina campus in line the university's requirements and assist the MU in facilitating transferable development rights (TDR) for the 8.5-acre land parcel. MU would then sell the TDR to fund infrastructure projects in the Kalina campus, which would be executed by MMRDA.