|     |     |    |    |     |     |  
Mumbai: BMC stays its proposal to hike rent of civic-owned properties
not available
Mumbai: BMC stays its proposal to hike rent of civic-owned properties
Publish on : 2022-11-02 14:02:45
There are close to 3,500 BMC owned properties in the city. The last hike was implemented back in the year 2014 following which, in 2021, the BMC had floated a proposal of increasing the rates to Rs 3 per square feet. MUMBAI: Ahead of civic elections expected to be held in the next few months, the BMC has stayed its proposal to hike rent of the civic-owned properties. There are close to 3,500 BMC owned properties in the city. The last hike was implemented back in the year 2014 following which, in 2021, the BMC had floated a proposal of increasing the rates to Rs 3 per square feet. If this new formula was implemented, the tenants would have to pay between Rs 600 - Rs 750 for their flat. The proposal to hike the rent was opposed by the congress party in the BMC. Congress party's former corporator Ravi Raja said, "Most of those living in these buildings are middle class people. It is not feasible to ask them to pay this increase in charges when the property does not even belong to them. They have been living there on rent," he said. Most of these buildings are in the island city and were reconstructed for providing affordable housing to the mill workers and members from variable low-income groups who had come to the city to earn their livelihood. The current formula of rent implemented at these properties charges a tenant between Rs 100 - Rs 250 per month. "We have decided to postpone the hike as the tenants had approached us through various forums. A call will be taken later on whether a new formula for the hike in rent will be calculated or the same will be implemented next year," said a BMC official.

@2019 TeamUp. All rights reserved. Site visitors are subject to our Privacy Policy and Terms of use.