June 9, 2025
Operating Assets

BMC approves policy for converting vacant land tenancy to lease for public development

Mumbai: Almost a month after the BMC budget for 2025-26 announced that the estate department has finalised a policy to develop various plots under the Vacant Land Tenancy (VLT) for public purposes and convert them into leases wherever possible, the proposal was approved.On Monday, a standard operating procedure (SOP) was also approved for processing VLT-to-lease

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