Govt nod to convert leases to freehold in Kandla Port township

Image
Press Trust of India New Delhi
Last Updated : Jan 09 2014 | 8:36 PM IST
The government today approved a proposal for converting leases to freehold land in Kandla Port Trust (KPT) township area including 366 acre at Gandhidham, leased out by the major port and 988 acres, sub leased by Sindhu Resettlement Corporation (SRC).
"The Union Cabinet today gave its approval for the proposal of conversion of leasehold land to freehold land for 366 acres of leasehold residential part of the land at Gandhidham leased out by KPT and also 988 acres of residential part of land sub-leased by SRC at Gandhidham (428 acres) and at Adipur (560 acres)," an official release said.
The proposal would allow KPT to focus on its core business and would obviate the need to deploy human resources for collecting ground rent.
It will also help eliminate one of the major causes of conflict with the local population, the release said, adding it will also mobilise resources for the port.
Moreover the residents of Gandhidham face considerable difficulties because of the nature of land tenure and multiplicity of taxes levied by various organisations. Allowing full ownership would be a citizen-friendly measure, it added.
*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 09 2014 | 8:36 PM IST

Next Story