Govt approves land swapping between AAI, MCGM

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2016 | 6:57 PM IST
Government today cleared swapping of land owned by Airports Authority of India with that possessed by the Municipal Corporation of Greater Mumbai, a move which would enable completion of development work at the Mumbai international airport.
The parcel of land, measuring 2,960.90 square metres would be swapped with equivalent land of Municipal Corporation of Greater Mumbai (MCGM) for relocation of cemetery.
"Swapping of the land with MCGM will enable M/s MIAL to complete the development work of CSIA, Mumbai," an official release said.
Mumbai International Airport Pvt Ltd (MIAL) is operating the Chatrapati Shivaji International Airport (CSIA).
"Since both the AAI land and the private land proposed to be swapped are of the same size and are adjacent to each other, as also the circle rate of the land is same, there is no financial implication on the government.
"However, the cost on account of mutation of the alternate land after swapping shall be borne by MIAL," the release said.
The land swapping proposal was approved by the Cabinet, chaired by Prime Minister Narendra Modi.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 20 2016 | 6:57 PM IST

Next Story