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Thursday, 24 July 2014

SAI Scores a 'Hole-in-One'

At a time when the price of land at Kowdiar ranges from Rs 50 lakh to Rs one crore, the government has leased out Golf Course, prime green stretch of land in the heart of the city, for a mere Rs 1 per acre to the Sports Authority of India. The government had taken such a stand without looking into the fact that the lease amount should have to commensurate with the value of the land that is leased out. The government has decided to hand over 25.38 acres of land of the golf course to SAI.

It is learned that the decision of lease of Rs 1 per acre per year was taken by the Cabinet. Highly placed sources said that the officials in the revenue department had voiced against the meager lease amount as they noted that the lease that was fixed did not commensurate with the value of the land.


It has also to be noted that SAI has been given all the right to use the buildings, structures and other facilities at the Golf Course for Rs 1 per acre for a period of 33 years and extendable later for a further period of 33 years.

Source: #The New Indian Express 

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