Freehold conversion fees for Occupancy Class-2 plots set at 25 percent; residents argue for two percent
Geetanjali Minhas | October 3, 2018 | Mumbai
Residents of some 25,000 housing colonies across Maharashtra are protesting a 25 percent fee for converting 'Occupancy Class-2' and lease-hold land to freehold land.
On September 25, the Maharashtra government decided to convert the plots allotted to these cooperative housing societies from 'Occupancy Class-2' to 'Occupancy Class-1', or freehold land. It set the fee at 25 percent of the current valuation of such land in the government's ready reckoner (RR).
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