Browsing Tag

additional FSI

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Bombay High Court dismisses developer’s challenge and holds that future additional FSI cannot be used to indefinitely delay deemed conveyance to housing societies.

Big Win for Homebuyers: No More Delaying Conveyance Over Additional FSI

Bombay High Court dismisses developer’s challenge and holds that future additional FSI cannot be used to indefinitely delay deemed conveyance to housing societies.
In a landmark ruling, the Bombay High Court has directed MMRDA to return nearly ₹647 crore to Reliance Industries, holding that demands for delay penalty on the BKC Convention & Exhibition Centre project were arbitrary and illegal. The court cited the composite nature of the project, court stay, statutory delays and discriminatory policy on construction timelines.

Reliance to Receive ₹647 Crores from MMRDA in the BKC Convention Centre Case

In a landmark ruling, the Bombay High Court has directed MMRDA to return nearly ₹647 crore to Reliance Industries, holding that demands for delay penalty on the BKC Convention & Exhibition Centre project were arbitrary and illegal. The court cited the composite nature of the project, court stay, statutory delays and discriminatory policy on construction timelines.