The Vacant Land Tenancy (VLT), a policy that was expected to generate a handsome revenue for the BMC, isn’t successful even two years later. Hence, the civic body is offering flexibility by giving developmental rights to lessees by clubbing two or more plots under the VLT policy.

The standing committee cleared the policy in March 2020, to generate income from the lands that the corporation had given on lease before Independence. Under the policy, it was decided to grant a VLT plot measuring 125 sqm and above on lease. Redevelopment, once approved, shall fetch a premium on surplus area, lease transfer premium and fees.