ULCRA repeal may free up 25,000 Acres of land for Development in Mumbai.

Urban Land Ceiling & Regulation Act, if repealed by the the state governments, Government of India has assured them assistance in thousands of crores under the Jawaharlal Nehru National Urban Renewal Mission. Union government has assured the state of Maharashtra Rs.23,000 Crores. Maharashtra Government moved a resolution to repeal ULCRA on monday the last day [...]