Govt mulling reducing licence payment for land allotted to political events in Delhi | India Information – Occasions of India

NEW DELHI: In what could come as an enormous reduction to over a dozen political events, the federal government is contemplating the choice to considerably cut back the licence payment for land allotted to political events in Delhi considerably. The proposal is to deal with such land allotments as “government-to-government” switch fairly than categorising them beneath “institutional” class.
Sources mentioned the housing and concrete affairs ministry has moved a Cupboard proposal for this. They added that at the moment, political events are charged the one-time lease quantity beneath the “institutional” class, which is greater than the market charge. However a number of events haven’t made the cost but and have sought discount on this payment.
TOI has learnt that whereas the licence payment for one acre land beneath the final class at market charge is round Rs 50 crore, this would cut back to round Rs 5-6 crore, if the class of allotment is modified to “government-to-government” class. The land charges beneath the government-to-government class are cheaper than the “institutional” charges as effectively, relying on the world the place the land is allotted.
“It’s for the Cupboard to take a name on this,” mentioned a supply.

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