Home Transport Infrastructure News Railways News MahaMetro yet to pay for land in Mihan: RTI

    MahaMetro yet to pay for land in Mihan: RTI

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    Amid hopes of economic growth tied with Mihan project, 21 of the 112 investors allotted land in the area have not paid up their dues.

    A response to a RTI query by activist Abhay Kolarkar revealed Maharashtra Airport Development Company (MADC) developing the project has to collect over Rs252 crore from entities allotted land in the Special Economic Zone (SEZ) and non-SEZ parts of Mihan.

    The biggest amount is owed by MahaMetro (erstwhile Nagpur Metro Rail Corporation) which was allotted 92 acres. MADC is yet to receive Rs91 crore towards land cost from MahaMetro.

    MahaMetro has been allotted land in non-SEZ area for setting up a station and a township. Officials in MADC said the land was allotted two years ago and no amount has been paid to MADC since.

    A MahaMetro spokesperson confirmed that the amount was pending but said payment was to be done through book adjustment. The state government has to pay the amount into MADC’s account, said the officer. Once the book adjustment is done, the amount would be available in MADC’s overall kitty, said a source.

    Other entities whose funds are pending in the non-SEZ area have been allotted land in the range of 1 to 2 acres. There 36 investors in non-SEZ area of which five have not paid the dues towards land cost. The total pending dues from allottees in non-SEZ area stands at Rs97 crore, says the RTI reply.

    Patanjali Group is the biggest investor in the non-SEZ part. The company, however, has cleared all dues and its unit is under construction.

    There are 76 investors in the SEZ area which is the core of the Mihan project. Of these, 16 have not paid up their dues, amounting to Rs155 crore. A source in the MADC said that land has only been allotted land to them on paper.

    They haven’t take physical possession yet. The final transfer would only happen after the entire amount is paid.

    There are many cases where the payment has been due since over a year. MADC may soon take a decision on withdrawing the allotment of these.

    There are also close to 40 investors in the SEZ who have not started their project so far even though most of them have paid for the land.

    Info- https://realty.economictimes.indiatimes.com

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