The Maharashtra cabinet on Tuesday approved a waiver of stamp duty and registration charges for land purchases related to the New Nagpur and New Outer Ring Road projects in Godhani and Ladgaon (Rithi) villages of Hingna taluka.
According to an official statement, an international business and finance centre will be developed under the New Nagpur project by the Nagpur Metropolitan Region Development Authority.The state government also plans to build a 148-km Outer Ring Road and four transport terminals around Nagpur.
Private land for both projects will be acquired through negotiations.The statement said stamp duty and registration charges for these land deals were estimated at around Rs 637 crore. Following a request from NMRDA, the cabinet approved a complete waiver under the Stamp Act.
The cabinet also cleared an ordinance to amend the Maharashtra Government Servants Regulation of Transfers and Prevention of Delay in Discharge of Official Duties Act, 2005, extending the deadline for general transfers.
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