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Permitting 5,500 acres of salt-pan Land for development being aimed by Mumbai Government

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According from a source from www.propertykhazana.com there were rumors that release of 5,500 acres of land for salt-pan development may be the main item for discussion by the government no matter which party comes to power. As a matter of fact prior to the assembly elections being held on 13th of October, attempts were made to influence the government to use the huge area of land which was situated in the border. The same was deferred by the ruling government as Mr. Milind Deora of the ruling Congress Government and others made a hue and cry over the use of the land. FICCI i.e. the Federation of Indian Chambers of Commerce and Industry which had an intention of misusing the land was of the view that the same be used for realty segment, but was fervently against the idea. The elections are to be held within the next five years and it is at the discretion of the government which comes to power to take a decision.
The Congress government which took the issue again gave a warning, if the proposed offer was given a green signal, the party would face consequences which in turn would affect Mumbai. A report states that Mumbai may face heavy calamities if development of salt pans came into force. The matter which was tabled by the Co-Chairman of FICCI was rejected by Mr. Lodha who wanted to misuse the land.
As per a source quoting from www.propertykhazana.com , FICCI has made a statement that accessibility of large land shall be an advantage for Mumbai because the inhabitants in Chembur, Mulund and Ghatkopar and increase from 40.64 lakh to 43.03 by the end of 2011. As 5,500 acres of salt pans are in centrally located areas, improvement of this area will bring down the rates of realty prices in Mumbai and thus ease the rise of inhabitants. For further details refer to www.propertykhazana.com.
Source: NBTVLIVE

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