NIT cancels lease of Krazy Castle Aqua Park

Source: The Hitavada      Date: 16 May 2018 09:52:54


Special Correspondent,

Hands over possession to Nagpur Metro by May 31

The Board of Trustees of Nagpur Improvement Trust (NIT) has cancelled the lease of Krazy Castle - Water cum Amusement Park situated near Ambazari lake in a meeting held on Monday. The entire land will be given to Nagpur Metro Rail Corporation Limited (NMRCL) for construction of Metro Rail Station. The Trust will obtain legal opinion over the claim of Haldiram’s Group running the park, to pay compensation. NIT Chairman Ashwin Mudgal chaired the meeting while Trustee Bhushan Shingne, Virendra Kukreja and others were present in the meeting.

The Trustees have decided to obtain possession of the land by May 31.
This is the only water and amusement park situated in the city. Haldiram’s Group is maintaining the park for last 12 years. Initially, Nagpur Metro sought a portion of this land for Metro Station near Lake. Later, NMRCL sought entire land for the project and offered food court to Haldiram’s. Union Minister Nitin Gadkari, in a meeting held in February, had directed NMRCL and NIT to take possession of land immediately to start construction work.

NMRCL will use entire stretch of land allotted to Krazy Castle water-cum-amusement park to construct Nagpur Metro Station. Gadkari had rejected the proposal of Haldiram’s Foods International Limited to continue with the water park and had directed NMRCL to acquire complete land and construct a world class mall with ample parking.

Krazy Castle is spread over 6 acres of land and Nagpur Metro needs 1.5 acres land for its station, but Gadkari suggested to use entire stretch of land for the metro station. The lease period of Krazy Castle is upto year 2021. However, NIT did not recover the amount for next four year of the lease. Former Judge of Bombay High Court Justice Kishor Rohee had directed in arbitration case that NIT should pay Rs 71 lakh to Haldiram and also extend lease period upto 2025. The NMRCL will offer them a food mall over the same land. The food mall would be world class with lake view facilities to attract maximum customers.

The compensation will be included in it. The Haldiram Group had demanded compensation of Rs 162 crore from the NIT and had repeatedly offered various suggestions to save the water park without affecting the project. A three member high-level committee headed by Divisional Commissioner has been constituted to finalise the compensation. But going by the financial condition of NIT, it had already asked Metro Rail to shell out the money to concessionaire Haldiram Foods in lieu of Krazy Castle land.

Trustees also discuss scrapping of NIT

NIT Chairman Ashwin Mudgal informed Trustees over the plan to scrap NIT. He said, the State Government has to take decision regarding scrapping of the NIT. The officers of Nagpur Municipal Corporation (NMC) and NIT have finalised the details about handing over the properties and shifting of staff. However, it is necessary to make certain amendments in the NIT bylaws to pave way for the abolition of the Trust.