Maharashtra Government Sets 9% Annual Lease Rate for Government Lands in 2025, Based on SBI’s MCLR
The Maharashtra government has updated lease rents and interest on government lands to 9% based on SBI’s one-year MCLR for 2025, potentially raising costs for thousands of leased properties and housing societies in Mumbai and across the state. This could mean higher annual payments for common residents on such lands.
Bombay High Court: Slum Occupants Cannot Stall Eviction Over Disputes on Rehab Shop Location
The Bombay High Court has held that slum occupants cannot block eviction proceedings by disputing the location of their rehabilitation premises, ruling that such allotment disputes must be settled separately after vacating.