CIDCO announces groundbreaking leasehold-to-freehold conversion policy for Navi Mumbai homeowners. Learn about eligibility, fees & application process.

Punjab announces major industrial land policy reforms allowing flexible conversions, mixed-use developments & leasehold-to-freehold changes expected to generate ₹1,000 crore revenue for the state

Mumbai: Leasehold housing societies can now convert to freehold for a fraction of the Ready Reckoner (RR) fee. The state has granted leasehold housing societies this concession, analogous to collector's land (class 2 occupation).

The Bombay High Court held that the state deserves a fair return on its land in a landmark decision. Justices B P Colabawalla and Somasekhar Sundaresan stressed that leasing rates need not be cheap if they fail to cover inflation, administration fees, and escalation.