Lok Sabha Question No. 1306 (UNSTARRED), answered on 2017-12-22
Subject: LIC Properties
Ministry: FINANCE
Asked by: ARVIND GANPAT SAWANT, GOPAL CHINAYYA SHETTY

Government of India Ministry of Finance Department of Financial Services Lok Sabha Unstarred Question No. 1306

Friday, December 22, 2017/Pausha 01, 1939 (Saka)

## LIC Properties

1306.  SHRI ARVIND SAWANT: SHRI GOPAL SHETTY:

Will the Minister of FINANCE be pleased to state:

- (a) the details of number of chawls and building properties owned by Life Insurance Corporation of India (LIC) in Mumbai, residential/commercial-wise;
- (b) whether these chawls/properties are beyond repairs because they are more than 100 years old and are in dilapidated conditions and if so, the details thereof;
- (c) whether the life of the resident tenants/occupants are in the shadow of death and if so, the details thereof and who will be held responsible if any casualty happens due to collapse of these chawls/ properties;
- (d) whether these properties are of a CESS property and if so, the details thereof;
- (e) whether the CESS amount being collected from the tenants/occupants is included in the rent receipt and if so, the details thereof; and
- (f)  the  reasons  for  LIC  not  taking  any  interest/steps  in  the  redevelopment  of  these  dilapidated chawls/properties?

## Answer

## Minister of State in the Ministry of Finance (Shri Shiv Pratap Shukla)

- (a) to (c): As per Life Insurance Corporation of India (LIC), the details of number of chawls and building properties owned by LIC in Mumbai are as under:

| No. of chawls                |   10 |
|------------------------------|------|
| No. of commercial buildings  |  101 |
| No. of residential buildings |   87 |
| Total                        |  198 |

The  buildings  are  old  but  LIC  has  been  carrying  out  repairs  wherever  found  necessary.  The competent authority has also not declared any of these properties dilapidated.

- (d)  &  (e):  Only  50  buildings  are  CESS  properties.  The  list  of  the  said  buildings  is  given  at 'Annexure'. The cess amount is included in the rent receipt wherever the tenants remit their share of repair cess.
- (f) LIC carries out repairs for all its non cessed properties, wherever found necessary. In respect of cessed properties, Maharashtra Housing and Area Development Authority (MHADA) carries out the structural repairs. The condition of LIC properties does not warrant any redevelopment.

| LIST OF CESSED PROPERTIES IN MUMBAI   | LIST OF CESSED PROPERTIES IN MUMBAI   | LIST OF CESSED PROPERTIES IN MUMBAI   |
|---------------------------------------|---------------------------------------|---------------------------------------|
| SL. NO.                               | B.C. NO.                              | NAME OF THE BUILDINGS                 |
| 1                                     | 115                                   | Belvedere Court                       |
| 2                                     | 116                                   | Oval View                             |
| 3                                     | 117                                   | Queens Court                          |
| 4                                     | 126                                   | Indian Mercantile Building- 1         |
| 5                                     | 127                                   | Indian Mercantile Building -2         |
| 6                                     | 160/61                                | East &West Rear Bungalow              |
| 7                                     | 162                                   | East &West Ghati Chawl                |
| 8                                     | 163                                   | East &West Villa                      |
| 9                                     | 164                                   | East &West Inside Chawl               |
| 10                                    | 165                                   | East &West Villa 'A'                  |
| 11                                    | 166                                   | East &West Villa 'B'                  |
| 12                                    | 194                                   | Industrial Assurance Building         |
| 13                                    | 198                                   | Illaco House                          |
| 14                                    | 202                                   | Jeevan Jyot                           |
| 15                                    | 211                                   | Asian Court                           |
| 16                                    | 212                                   | Asian Building                        |
| 17                                    | 213                                   | Asian Building 'A'                    |
| 18                                    | 214                                   | Asian Building 'B'                    |
| 19                                    | 218                                   | Bhatia Bhavan                         |
| 20                                    | 218                                   | Bhatia Bhavan                         |
| 21                                    | 221                                   | Devkaran Nanji Building               |
| 22                                    | 221                                   | Devkaran Nanji Building               |
| 23                                    | 221                                   | Devkaran Nanji Building               |
| 24                                    | 221                                   | Devkaran Nanji Building               |
| 25                                    | 221                                   | Devkaran Nanji Building               |
| 26                                    | 222                                   | Goodwill Assurance Building           |
| 27                                    | 222                                   | Goodwill Assurance Building           |
| 28                                    | 224                                   | Bhesania Building                     |
| 29                                    | 226                                   | Modern Building No. 1                 |
| 30                                    | 227                                   | Modern Building No. 2                 |
| 31                                    | 256                                   | Ahilya Chawl                          |
| 32                                    | 257                                   | Draupadi Chawl                        |
| 33                                    | 258                                   | Sita Chawl                            |
| 34                                    | 260                                   | Tara Chawl                            |
| 35                                    | 261                                   | Mandodari Chawl                       |
| 36                                    | 264                                   | United India Building                 |
| 37                                    | 270                                   | Property at Marine Street             |
| 38                                    | 272                                   | National Insurance Building           |
| 39                                    | 273                                   | Minerva Mansion                       |
| 40                                    | 274                                   | Minerva Building                      |
| 41                                    | 275                                   | Reliance Building                     |
| 42                                    | 278                                   | National Indian Building              |
| 43                                    | 284                                   | Union Prov. Society Building          |
| 44                                    | 307                                   | Jeevan Anand                          |
| 45                                    | 318                                   | Mengale Property                      |
| 46                                    | 343 357                               | Mackawee Mansion Angrewadi Property   |
| 47                                    |                                       |                                       |
| 48 49                                 | 357 357                               | Angrewadi Property Angrewadi Property |
| 50                                    | 358                                   | Vajeram Property                      |