Land ownership of leased property vests with Durga Nag Trust: President Bakaya

Srinagar : President Durga Nag Trust Vijay Bakaya & former Chief Secretary erstwhile J&K State on Wednesday
refuted reports of selling any land belonging to the Trust to any one and cautioned against getting swayed by falsehood.
In a communiqué, Durga Nag Trust President Vijay Bakaya said the present team of trustees were fully devoted to welfare of trust and preservation of its property for posterity and expressed dismay over rumours spread by vested interests to tarnish the image of trust. While refuting charges of selling trust land to the Tramboos for construction of Hospital, Bakaya clarified that the said land has been leased out nor sold to the Shri Trith Ram Amla in 1983, by the then management headed by Shri Sham Lal Saraf his successor leases have established a company by the name of MIS Equinox Real Estate Pvt Ltd. Briefing about the details, he said in 2010, a new lease was executed with them for 20 years, extendable by another 20 years.
“ In 2013 and 2014 this Shri Mohammed Shafi Tramboo was included as a Director in the company on payment of the required fee to the trust and soon after he took over the company. This Equinox Real Estate Pvt Ltd has constructed a hospital on this land and given the management to the chain of Paras hospital who have made it functional,” he said. President of Trust, Bakaya cautioned people against falsehood being spread by vested interests, and asserted that the ownership of leased land vests with the Durga Nag Trust and it is not being sold to any.”
“We have taken various measures for safeguarding property of Durga Nag and renovation of Holy DurgaNag Shrine was done under Smart City project by the trust after approaching concerned authorities,” he said.