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the Centre had signalled an end to the long-standing impasse Textile Ministry entered into a tripartite agreement involving NTC and Maharashtra government for transferring the land. Related News The deadlock between the Maharashtra government and the Centre over the transfer of 12-acre Indu Mill land in Mumbai’s Prabhadevi for the construction of a memorial of Dr Bhimrao Ambedkar persists even as Prime Minister Narendra Modi is scheduled to lay the foundation stone for the memorial on October 4 The National Textiles Corporation (NTC) — the Central government undertaking that occupies the 12-acre plot — is not giving it up so easily and has been unwilling to accept the compensation offered by the state for the transfer of the land In May this year the Centre had signalled an end to the long-standing impasse when the Union Ministry for Textiles entered into a tripartite agreement involving the NTC and the Maharashtra government for transferring the land to the state for the memorial Share This Article Related Article While a high-level committee comprising representatives from all three sides was appointed to effect the transfer sources confirmed that it had so far failed to evolve a consensus on the compensation model Last week at a meeting in Delhi the Maharashtra government offered the NTC development rights worth Rs 1300 crore in lieu of the land It offered to provide this either in the form of land outside Mumbai or as development rights certificate (DRC) — also known as Transferable Development Rights (TDR) — which could be utilised for construction projects in Mumbai But the NTC which had earlier planned to use the plot for construction of a five-star hotel and a convention centre however continues to push for cash compensation “Maharashtra Chief Minister Devendra Fadnavis has conveyed to the Centre that cash compensation was not possible given the state’s tight financial position” said a source Incidentally the plot’s value itself is a bone of contention While the state government has claimed that the Indu mill plot is worth Rs 1300 crore at current market rates the NTC has pegged its worth at Rs 1800 crore The sea-facing land falls in the coastal regulation zone (CRZ) Maharashtra government officials said the prevalent development control regulations the plot’s location and restrictions on development in CRZ areas among others were taken into consideration for the plot’s valuation Sources further said both the Centre and the state were keen to resolve the issue before Modi’s arrival in Mumbai to lay the memorial’s foundation stone “The committee will meet again this week” said a senior official Sources also said the NTC was unlikely to accept the state’s offer for a land of similar worth outside Mumbai It has also insisted that the state commit to a deadline to provide the compensation The state meanwhile has so far committed that a new policy that will allow NTC to utilise TDR in lieu of the plot will come into force within three months [email protected] For all the latest Mumbai News download Indian Express App As both teams looked to close in on a victory, Mortaza said he had seen video footage of the row and defended Iqbal. Promotion Fever With just about three months to go for the International Fleet Review, 2016 Watch the winning moment of? Calling themselves the "Saki Squad", On fourth and fifth are Russia and Italy with 35 (11 Gold, Also on Monday," the national level player’s wife Jyoti Singh said.

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