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STATE GOVERNMENT SAYS NO TO PETROL PUMPS OWNERS REQUEST FOR CHANGE OF USE TO REALTY

petrol-pump-2Fascinated by the lure of real estate, owners of fuel refilling centers in the city have long started dreaming of giving up their current business and jumping into the land development bandwagon. Some of them, in fact, have already got the civic body’s permission to change the usage of the land. However, the state government has recently issued a directive to MCGM not to allow petrol pump owners to change the designated use of the land. Out of the 257 petrol pumps in Mumbai city, 40% are on lease land. Although the civic body had earlier decided not to extend the lease and petrol pump owners of many had planned change of use, with this government order disallowing this, MCGM would now extend the lease on the condition that the owner would not change the land’s usage. To cash in on the rising property prices petrol pump owners have been submitting development proposals to the MCGM. But what is worrying is the huge disparity in the ratio between petrol pumps and number of vehicles in the city limits. Many social organisations had also requested the government not to allow any change on petrol pump land. Bureau report – NMTV News.

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