We have purchased a Navin Sharat (Bhogwatdar Class 2) type Agriculture Land.
The said land was being given by government to land less peoples.
We want to get the said land converted from INDUSTRIAL to RESIDENTIAL Zone.
As per our knowledge the government premium for zone conversion industrial is 2%, and Residential Zone is 48% of Ready Reckon.
Also we have heard that if we do not wish to pay premium we can surrender some land to government and get the land converted into R Zone.
Can you please let me get exact idea on the same along with the GR and the procedure.