14.6.29 Premium for ownership and terms of lease

1. Where S.R.S. is proposed to be undertaken on lands owned by the Government, Semi- Government Undertakings and Local Bodies, the developer registered with S.R.A. shall pay premium at the rate of twenty five percent of the land cost as per A.S.R. (3) or in-situ construction area equivalent to such premium where premium and construction cost both are calculated as per A.S.R. in addition to compensation for land calculated as per Section 17 of the Slum Act, 1971. However, in case of higher density of hutments where no in situ construction is possible, only premium shall be paid. The premium shall be paid in instalments as mentioned below :-

               Sr. No.               Stage of the Scheme               Premium amount to be paid
                  1       At the time of approval of the Scheme 10% of premium amount

but before issuing of the letter of IoD.

                  2       Before      issuing    of      letter    of 10% of premium amount

Commencement of Rehab. building.

                  3       Before      issuing    of      Complition 80% of premium amount

Certificate of Rehab. building.

The aforesaid premium charges shall be allowed to be paid in the installments with interest @ 8.5% p.a. as per Regulation No. 2.2.14 of UDCPR. However the delay payment charges @ 8.5% shall be paid by the developer on premium amounts mentioned in Sr.No. 2 & 3 above from the date of issuing of the letter of IoD till actual payments made to Slum Rehabilitation Authority.

2. The amount of compensation calculated as per Section 17 of the Slum Act, 1971 shall be paid to the land owning department of the Government or Semi-Government Undertakings and Local Bodies.

3. The decision of C.E.O., S.R.A. regarding possibility of in-situ construction depending on slum location shall be final and binding on all the parties concerned.

4. The part of the land belonging to the Government / Semi-Government / U.L.B. / Public Trusts / M.H.A.D.A. / P.M.C. / P.C.M.C. / P.C.N.T.D.A. / M.I.D.C., on which the

(3) Inserted vide Order No.C.R.116/2024/(Part-2)/UD-13, Dt.11th October, 2024 under Clause (C) – RoD of Notification bearing No.C.R.09/2023/UD-13, Dt.05th December, 2023,

(1) rehabilitation project will be constructed shall be leased by the concerned land owning authority to the Co-operative Housing Society of slum dwellers for a period of 30 years at lease rent of Rs.1001 for 4000 sq. m. of land and part thereof, which shall be renewable for further periods of 30 years at a time. The same dispensation shall apply to the land under the free sale component and such land shall be leased directly, and not through the slum dwellers, to the registered Co-operative Housing Society / Association of the purchasers of tenements in the free sale component and, pending the formation of such Cooperative Housing Society / Association of the purchasers of tenements in the free sale component, such land shall be leased to the developer. The said lease deed shall be executed within 60 days from the date of issuing building permission to the project.

5. Recovery of pending dues such as assessment, compensation, occupation charges, usage charges, revenue or non-agricultural tax/dues etc., pending with public authorities such as the State Government, M.H.A.D.A., M.S.E.D.C.L. and / or Municipal Corporation, although binding on the Developer, shall not be linked to grant of approval or building permission and implementation of the Slum Rehabilitation Scheme. The Developer will have to settle all pending dues before issue of occupancy certificate by S.R.A. Any revenue assessments, permissions, orders to be made for any land under S.R.S. shall not be linked to the issue of any certificate or N.O.C. relating to the S.R.S.

6. Automatic cancellation of restricted Land Tenure : If any land or part of any land on which slum is located is under restricted land tenure, the said tenure / lease created by the concerned Public Body shall stand automatically terminated as soon as S.R.S., which is a public purpose, is prepared on such land and submitted for approval to the C.E.O., S.R.A. Any arrears of dues to be collected for such land shall not be linked to the issue of any certificate or N.O.C. relating to the S.R.S.} (1)