how to read spoon fed Times of India correctly.......Alok

 

This is a planted news.This statement by collector means that unless 20% + is given as bribe they will not let this plot get sold.And keep track finally this plot will be sold.Newspapers dont keep track of end happenings and just print what is spoon fed bureacrats.In future also all such claims by IT, BMC, police and others must be read with meaning in between the lines.They use newspapers to just put pressure on concerned parties and finally settle everything with heftier bribe.
 

If TOI reporteres are honest then they should with underline say we will track this issue and see what finally collector does.

 

Mafatlal can't sell Byculla plot, says collector

 

Nauzer K Bharucha

    

Posted On Tuesday, September 21, 2010 at 03:23:13 PM

The Mafatlal Industries' proposed land sale near the Byculla zoo could get scuttled if the state government has its way. The city collector's office on Monday issued a stern statement, pointing out that the company did not have permission to sell the land. (Pic used for representational purpose only) "The land belongs to the collector and the state revenue department. They cannot sell the land," said Mumbai city collector C V Oak. TOI in its edition dated September 18 had reported about the company's decision to sell the 7-acre prime plot. It invited bids sometime ago and has already short-listed three developers Lodha Group, Peninsula Land and Kanakia.   The land is expected to fetch the company over Rs 1,000 crore, according to market sources. However, Oak, in a written statement, said that the land totalling 58,197 sq m or about 14.5 acreswas leased to the then Sassoon Spinning and Weaving Company (presently Mafatlal Industries) from 1913 for a period of 99 years.   "The period of lease is coming to an end on August 30, 2012. As per the lease agreement, the lessee has to hand over the premises, including the buildings on the land to the government. Further, there is express provision in the lease agreement that in case of a breach of any covenants by the lessee, the government has every right to re-enter the premises and the agreement will cease," said the statement.   " Mafatlal Industries cannot sell or assign the said piece of land to anyone as per the lease agreement without the express permission of the government. Any transaction entered into without the permission of the government shall be null and void," it said.   When contacted, Mafatlal Industries sources said, "As per the terms of the lease, the company has the right to assign the land and then inform the licenser (government)."   The entire Mafatlal mill land is spread over 14.5 acres. The government had subsequently reserved the land for expanding the zoo. But in 2004, the government decided to give Mafatlal half the plot (seven acres) and reserve the other half for the zoo. Mafatlal Industries was also promised transfer of development rights ( TDR) for the portion that will be surrendered to the zoo.

 

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