Home / Mumbai / Mumbai News / Article / Maharashtra: Parth Pawar’s firm faces Rs 42 crore stamp duty hit after Pune land deal scrapped

Maharashtra: Parth Pawar’s firm faces Rs 42 crore stamp duty hit after Pune land deal scrapped

As government land cannot be transferred, opposition parties demanded the resignation of Ajit Pawar

Listen to this article :
Parth Pawar owns 99 per cent of the firm. File pic

Parth Pawar owns 99 per cent of the firm. File pic

It’s a double whammy for Deputy CM Ajit Pawar’s son Parth. After controversy erupted over the purchase of government land by a company where Parth is a partner, not only was the deal cancelled, but it turns out the firm will still have to pay stamp duty. To add insult to injury, the company will have to pay Rs 21 crore (7 per cent) for the registration of the Rs 300-crore deal, along with another Rs 21 crore for cancelling it,  officials from the revenue department said.

mid-day has reported how the deal caused a furore when it emerged that the government land parcel in Pune was being purchased in violation of norms. The plot was undervalued by six times (from Rs 1800 crore), and stamp duty was also waived off upon the claim that the procurement was for an IT park. 

How do you like the new new mid-day.com experience? Share your feedback and help us improve.

Read Next Story
Mumbai: MLA’s SUV blocks Dadar East station gate for hours, fined after citizen complaint

Trending Stories

Latest Photoscta-pos

Latest VideosView All

Latest Web StoriesView All

Mid-Day FastView All

Advertisement