Pawar's Firm Faces ₹84 Crore Stamp Duty Bill for Cancelled Pune Land Deal
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Maharashtra Deputy Chief Minister Ajit Pawar's announcement to cancel the sale deed of a prime Pune land has led to a significant twist. The Department of Registration and Stamps has ordered Parth Pawar's firm, Amadea Enterprises LLP, to pay double the stamp duty for cancelling the deal. The firm will need to pay ₹42 crore as the earlier 7 per cent stamp duty (5 per cent under the Maharashtra Stamp Act, 1 per cent Local Body Tax, and 1 per cent Metro Cess) for the initial sale deed. Additionally, an extra 7 per cent stamp duty will be required to execute the cancellation deed. The controversy began when it was revealed that Amadea Enterprises had claimed a stamp duty exemption by stating that a data centre would be set up on the land. However, during scrutiny, it was found that the exemption could not be granted. The firm had purchased the 40-acre land in the upscale Mundhwa area for ₹300 crore, which was later cancelled by Ajit Pawar. The deal came under scrutiny after opposition leaders alleged that the land's market value was ₹1,800 crore. A joint sub-registrar order stated that the firm must pay the stamp duty at the rate of 7 per cent, along with a penalty. The document will only be cancelled once the stamp duty is paid. Amadea Enterprises had entered into an agreement with Shital Tejwani, representing 272 alleged land owners, and executed the sale deed. The firm is now facing a total stamp duty bill of ₹84 crore for the cancelled deal.
