Home / Mumbai / Mumbai News / Article / Revoke deal with RBI for South Mumbai plot or face legal action, Congress warns Maharashtra govt

Revoke deal with RBI for South Mumbai plot or face legal action, Congress warns Maharashtra govt

The Mumbai Metro Rail Corporation (MMRC) on September 5 executed a sale deed for the transfer of a 16,842-sqmt (about 4.1 acres) plot at Nariman Point to the RBI for Rs 3,471.82 crore, intended to fund the Colaba-Bandra-SEEPZ Metro-3 corridor

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Congress leader Sachin Sawant claimed the deal has caused a loss of nearly Rs 1,800 crore to the exchequer. File pic

Congress leader Sachin Sawant claimed the deal has caused a loss of nearly Rs 1,800 crore to the exchequer. File pic

The Congress on Saturday demanded that the Maharashtra Government cancel the sale of a South Mumbai plot, which earlier housed offices of political parties, to the Reserve Bank of India (RBI), and threatened to move court if the deal is not revoked, reported news agency PTI.

Calling the decision “arbitrary,” party’s senior spokesperson, Sachin Sawant, said the land deal also amounted to “cheating” political parties and reneging on past assurances.

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