Maharashtra clears Rs 637 crore stamp duty waiver for New Nagpur Project

The Maharashtra cabinet on Tuesday approved waiver of stamp duty and registration charges for the purchase of land for the New Nagpur and New Outer Ring Road projects in Godhani and Ladgaon (Rithi) villages of Hingna taluka.

The New Nagpur project, to be implemented by the Nagpur Metropolitan Region Development Authority (NMRDA), will include development of an international business and finance centre, according to an official statement.

The statement said a 148-km Outer Ring Road and four transport terminals will also be developed around Nagpur city. Private land for both projects will be purchased through negotiations.

According to the statement, stamp duty and registration fees of around ₹637 crore would have to be paid for the transactions. The NMRDA had sought waiver of the charges, and the cabinet approved the exemption under the Stamp Act.

In another decision, the cabinet approved issuance of an ordinance to amend the Maharashtra Government Servants Regulation of Transfers and Prevention of Delay in Discharge of Official Duties Act, 2005, extending the deadline for ‘general transfers’.

General transfers of government employees are usually carried out every year during April and May. However, an official release said the deadline would now be extended till June 30 as the Centre has instructed that employees engaged in census work should not be transferred.

The cabinet also approved allotment of 4 acres and 25 gunthas of land to the Pimpaleshwar Devasthan Temple Trust at Sagav Sonarpada in Kalyan taluka of Thane district within the Dombivli industrial area.

It approved regularisation of the temple trust’s use of the land and sanctioned transfer of the land to it at a nominal rate, the statement said.

The cabinet further said the Maharashtra Industrial Development Corporation should formulate a separate policy regarding removal, regularisation or relocation of encroachments on acquired land in future cases.