The state cabinet on Friday decided to give permission for redevelopment of Mumbai Press Club in Fort as a special case subject to certain terms and conditions.
According to the officials, the land has been given by Maharashtra government to the Mumbai Press Club for a period of 30 years from 1994.
In 2017 and 2018, the state government revised the policy to allow redevelopment and reconstruction of the property.
Subsequently, this was allowed on certain terms and conditions vide memorandum dated March 22, 2021 by levying a premium. It was decided to exempt the redevelopment surcharge on a request made by the Mumbai Press Club.
https://indianexpress.com/article/cities/mumbai/govt-gives-nod-for-redevelopment-of-mumbai-press-club-8898996/
Source : The Indian Express
