Updated On: 29 December, 2015 09:29 AM IST | | A Correspondent
<p>As per the latest proposal, MMRCL will be able to lease the plots for the next 30 years; previous proposal was rejected after corporators demanded MMRCL be charged as per prevalent ready reckoner rates</p>
Following the failure of a previous proposal pertaining to handing over of Brihanmumbai Municipal Corporation (BMC) plots to the Mumbai Metro Rail Corporation Limited (MMRCL), a new version will be tabled before the Improvement Committee today.
This version proposes that the MMRCL pay the civic body a one-time premium of Rs 287 crore, following which it will secure the rights for the said plots for the next 30 years. And once this duration expires, the lease can be considered for renewal.