Kapil Dev acquires 16-acre land in Karjat, faces stamp duty adjustment
ECONOMY & POLICY

Kapil Dev acquires 16-acre land in Karjat, faces stamp duty adjustment

The 1983 Prudential World Cup Cricket-winning team captain, Kapil Dev, recently acquired a 16-acre parcel of land in Mograj village, Karjat taluka. The property, registered last Friday, marks his second land purchase. Situated approximately 500 meters from Kothimbe village, the land spans both sides of the road, positioned well ahead of the popular tourist destination, Solanpada dam.

The acquisition, totalling Rs 80 million, was made from Mohan Gaikar, a farmer from Hedvali village, based on their mutual agreement. Despite the actual transaction value, Kapil Dev had to pay a higher stamp duty of Rs 10.3 million. This was calculated using the government's ready reckoner rate for the area (Rs 90.3 million), surpassing the amount he paid for the land. The registration process reflected this adjustment in accordance with the government's valuation.

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

The 1983 Prudential World Cup Cricket-winning team captain, Kapil Dev, recently acquired a 16-acre parcel of land in Mograj village, Karjat taluka. The property, registered last Friday, marks his second land purchase. Situated approximately 500 meters from Kothimbe village, the land spans both sides of the road, positioned well ahead of the popular tourist destination, Solanpada dam. The acquisition, totalling Rs 80 million, was made from Mohan Gaikar, a farmer from Hedvali village, based on their mutual agreement. Despite the actual transaction value, Kapil Dev had to pay a higher stamp duty of Rs 10.3 million. This was calculated using the government's ready reckoner rate for the area (Rs 90.3 million), surpassing the amount he paid for the land. The registration process reflected this adjustment in accordance with the government's valuation.

Next Story
Infrastructure Transport

Atal Setu Records Daily Traffic Below Projections in First Year

India’s longest sea bridge, Atal Setu, which connects Sewri in Mumbai to Chirle in Navi Mumbai, has reported an average daily traffic of 22,689 vehicles in its first year, falling short of the initial projection of 56,000 vehicles per day. The 22-kilometer bridge, inaugurated by Prime Minister Narendra Modi on January 12, 2024, was constructed at a cost of Rs 178.4 billion and is hailed as a milestone in Maharashtra’s infrastructure development. According to the Mumbai Metropolitan Region Development Authority (MMRDA), the Atal Setu, formerly known as the Mumbai Trans Harbour Link (MT..

Next Story
Infrastructure Transport

Railway Board Tightens Rules for Bridge Design After Pamban Lapses

The Railway Board has mandated all zones to inform the Commissioner of Railway Safety (CRS) about the special features of significant and innovative bridges during the design phase. This directive, issued on January 10, follows findings from Southern Circle Railway Safety Commissioner AM Chowdhary, who identified critical lapses in the construction of the newly built Pamban Bridge. The Pamban Bridge, India’s first vertical-lift rail bridge, connects the mainland to Rameswaram Island in Tamil Nadu. Its construction came under scrutiny last November when the CRS flagged issues prior to gr..

Next Story
Infrastructure Urban

IISc and Tata Group to Launch Rs 5 Billion Medical School in Bengaluru

The Indian Institute of Science (IISc), Bengaluru, and the Tata Group have announced a partnership to establish the Tata IISc Medical School on the IISc Bengaluru campus. As part of the collaboration, the Tata Group will contribute Rs 5 billion to support the development of the institution. The Tata IISc Medical School is envisioned as a centre of excellence that combines basic science and engineering with clinical research and medical education. It will specialize in areas such as oncology, cardiology, neurology, nephrology, diabetes and metabolic disorders, infectious diseases, integrat..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000