Maharashtra's Move To Hike Land Lease Rent In Bandra Not Arbitrary: High Court
NDTV
"If individuals want to hold large parcels of land in a prime locality and want to enjoy this luxury, it is only fair that they would have to pay for it a reasonable sum that is now the revised amount," the Bombay High Court said in its order.
The Bombay High Court has upheld the Maharashtra government's decision to increase the lease rent in Mumbai's Bandra based on Ready Reckoner (RR) rate, holding that it was not “arbitrary” as the suburb is a high-end real estate area.
A division bench of Justices B P Colabawalla and Somasekhar Sunderesan, however, said the rent cannot be revised every five years as per the government's resolutions and has to remain the same for the entire tenure of the lease agreement.
The court on July 10 (Wednesday) disposed of a bunch of petitions filed by several housing societies in Bandra challenging the government resolutions of 2006, 2012 and 2018 revising the rent on long-term leases granted to them.
