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CIDCO Took 280 sq.m Land for Navi Mumbai but “Forgot” Compensation — HC Orders Massive 2013 Act Payout
In a scathing order, Bombay HC has exposed CIDCO’s 37-year-old “forgotten land” scandal in Navi Mumbai and ordered fresh acquisition under the 2013 Act with full compensation — a landmark blow for property rights.
Realty Stocks Open Weak as Markets Slip; Sector Shows Mixed Signals in Early Trade
Real estate stocks opened on a cautious note as Indian markets slipped in early trade. While select developers showed resilience, broader sector sentiment remains weak, pointing to a volatile and range-bound trading session ahead.
Union of India Fails to Prove Ownership of Bhayander Salt Lands, Loses Appeal
“In a significant setback for the Union of India, the Bombay High Court has ruled that the Centre failed to prove ownership over 220 acres of salt-pan lands in Bhayander. The 1870 grant was an alienation of proprietary rights, not a lease, and salt manufacturing does not transfer title to the Central Government.”