The Maharashtra chief minister Devendra Fadnavis has come under criticism for the move.
According to existing policy, charitable and education trusts are required to pay only 25% of the total cost of an allotted land in accordance with rates on February 1, 1976.
Mumbai’s Andheri area adamseo25
Sources told HT the collector’s office revaluated the price and found that the market price in 1976 was Rs 350 a square metre. This amounts to Rs 7 lakh for 2,000 square metres. Thus, 25 percent of Rs 7 lakh is Rs 1.75 lakh.
However, according to the government ready reckoner rate, the plot’s value is around Rs 23 crore. But real estate industry sources said the market value is between Rs 60 crore and Rs 70 crore.
Earlier also, Malini has been accused in a land grab case. An RTI query revealed that a prime 2,000-square-metre plot of land, in suburban upmarket Oshiwara area, worth around Rs.50 crores was sold to the BJP MP for a meagre Rs.70,000 only – at 1976 rates.