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Mumbai: In 1928, Jamshed Khodaram Irani donated more than 2,300 acres of land. Palghar For a charitable trust near Mumbai, the Irani Parsi Anjuman, Over the decades, large amounts were surrendered to the government for various purposes, the trust was still left with a whopping 963 acres (more than four times the size of Mahalaxmi Racecourse).
Now, Anjuman has put up for sale the entire sprawl, which property market sources describe as perhaps the largest land parcel to be put on the block in the Mumbai Metropolitan Region (MMR).
global property advisor knight frank indiaAppointed by the Anjuman to invite bids and negotiate the sale, the value of the land has been pegged at Rs 1,100 crore. It is located about 2 km from Palghar Railway Station. Knight Frank is marketing this parcel, about 110 km from Mumbai, as one of the options for a possible township.
There is a constant threat of encroachment on the land. It is a difficult task,” said Parvez Irani of the Anjuman, adding that selling it is the only option now. The trust earns Rs 21 lakh every year by selling the grass grown on this land. A part of this earning is shared with the local communities in Palghar. is done,” he said.
Anjuman president Khodu Irani said the proceeds from the sale of the land would help the trust carry out its charitable activities for the community.
According to a 1928 document transferring the land to the Anjuman, the trust was to use the income from the land for “charitable and religious institutions”. For example, starting and maintaining an orphanage or school for Persian Parsi boys and girls, or providing medical services.
It was also agreed between the owner of the land and the Anjuman that if the land is sold, the trustees will hand over the proceeds of the sale. Bombay Parsi Panchayat, The income received by the Panchayat shall be paid to the Anjuman to be used for the purposes of the Trust. It also gave freedom to the trustees of the Anjuman to sell or lease the land as they thought fit.
Community activist Hushang Vakil said that it is the prerogative of the trustees to sell the land, but only after taking the Parsi Irani Zarathushti community into confidence so that our future generations can benefit.
Vakil said the community had generally opposed the sale of trust properties because of past cases where caretakers allegedly misappropriated funds.
“The trustees must be transparent about their planning and intentions, and must remove any doubt about the financial benefits they may derive from the sale,” he said.
The trust had tried to sell the land a decade ago to a construction company linked to Bahubali Bhai Thakur of the Vasai-Virar region. However, the deal failed due to strong opposition from a section of the Parsi-Iranian Zoroastrian community. They argued that no trust land should be alienated in this way and the property should be used for the welfare of the community. The Anjuman said that over the years, the state government had forced the trust to give 500 acres to Vinoba Bhave’s Bhoodan movement and 449 acres under the Agricultural Land Ceiling Act.
The trust claimed that the state had also planned to acquire the remaining 963 acres of land at a very low cost.
A decade ago, 19 prominent Parsis, including several legal luminaries and doctors, wrote to the Anjuman trustees to consider a proposal by a large industrial house to start a university on the land. “The industrial house has a desire to start a university, and has offered Rs 35 crore (negotiable) with 8% seat reservation for the purpose. These seats can be filled by Zoroastrians or sold as management quotas by Iranian Zoroastrian Anjumans for centuries to come… This will immediately make Palghar an important educational center and benefit the entire region,” the letter he said.
The signatories said that industrial houses would buy 300 acres of land and the trustees could distribute another 100 acres among young community entrepreneurs. Another 100 acres could be sold to Viva builders, he said, while the remaining 465 acres could be leased to the Tatas to be retained by the Anjuman’s Trust for future use. The plan was not approved by the trustees.
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