Summary:
The civic body will give 75 per cent cash compensation of the present ready reckoner to affected people. As per the proposal, the BMC will rehabilitate commercial structures by offering them compensation in the form of ready reckoner rate of that area. This, the civic body says, will expedite the demolition process. "The ready reckoner rate is applicable to shops with a maximum area of 225 sq feet. She added that the ward office will decide their eligibility and will need civic chief's approval for cash compensation..