Ad

Tag: Land Swapping In Mumbai

MC G Mumbai To Handover 2,960.90 Square Metres To AAI:Swapping Approved

Jan. 20 Economy Comments

[New Delhi] MCGM To Handover 2,960.90 Square Metres Land To AirPort Authority Of India Govt approves this land swapping between AAI, MCGM
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.

Tags: , , , , ,