Hema Malini bought prime property worth 70 crore in Mumbai for just 1.75 Lakh?

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This may sound little weird but it is true. The famous Bollywood actress and BJP MP Hema Malini have apparently bought prime property worth 70 crore in Mumbai for just Rs. 1.75 Lakh. More than that, she need not pay a penny for the land worth about Rs 70 crore in the suburban neighborhood because of a twist of fate. How does this happen and what plans Hema has in mind for this land. Please read here.

[su_expand more_text=”READ MORE” less_text=” ” height=”0″ hide_less=”yes” link_style=”button” link_align=”center”] According to the news published by the Hindustan Times, Mumbai edition, the BJP-led government in Maharashtra has allotted the plot in the prime location of Andheri in Mumbai for just Rs. 1.75 Lakh which according to the present market value worth Rs. 70 crore. The plot admeasuring 2000 sqm in Andheri, one of the most expensive suburbs of Mumbai been handed over to Hema Malini by Maharastra government has raised the widespread criticism against the chief minister Devendra Fadanvis who is been accused of showing extra favour to the actress, the dream girl of the film industry in the 70s.

The sources have revealed that Hema is planning to make use of this plot to start the Dance School. The Maharashtra government has a very good explanation for this, according to them, they have not fixed the price of the said plot but they are just following the existing policy based on which the educational institutions and charitable trusts need to pay only 25% of the actual cost of the allotted land and that too in accordance to the rates prevailing in February 1, 1976.

Sources said the collector’s office evaluated the price and found that the market price in 1976 was Rs 350 a square metre. This amounts to Rs 7 lakh for 2,000 square metres. Thus, 25% of Rs 7 lakh is Rs 1.75 lakh. The plot’s value is around Rs 23 crore, according to the government ready reckoner rate. But real estate industry sources said the market value could be anywhere between Rs 60 crore and Rs 70 crore.

The sources have revealed that Hema Malini had applied for this plot in 1996 to set up the dance school and cultural activity complex through her charity, the Natya Vihar Kala Kendra. The Fadnavis government allotted the plot in Andheri’s Ambivli locality on December 29, 2015.

Earlier, the 67-year-old trained Bharatnatyam dancer had paid Rs 10 lakh for a plot allotted to her by the Shiv Sena-BJP government in 1996. But she could not use the land because it falls in the protected coastal regulation zone. Hence, she was forced to reapply for an adjacent plot, a revenue official said.

Mumbai suburbs collector Shekhar Channe said the actress won’t have to pay a single rupee for the Andheri plot since she had deposited Rs 10 lakh in 1996 and it would be adjusted now. But the sources have alleged that she was yet to return the land given to her in 1996.

State revenue minister Eknath Khadse had tried to deflect criticism, saying the BJP government was implementing a decision taken when the Congress-NCP was in power. “The previous government had changed the plot’s status, which was earlier reserved for a public ground,” he said.

Source: Hindustan Times

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