Browsing Tag

Khanna Construction House

1 post
In a rare and significant move, BMC has terminated the 999-year lease of a historic Worli property once housing Flora Chinese Restaurant, after lessees failed to redevelop or pay dues. Backed by High Court orders, the action highlights a new assertive approach to Mumbai’s legacy leasehold lands — with major implications for owners, tenants, and the city’s redevelopment landscape.

📰 BMC Terminates 999-Year Lease of Iconic Worli Property — A Turning Point for Leasehold Lands in Mumbai?

In a rare and significant move, BMC has terminated the 999-year lease of a historic Worli property once housing Flora Chinese Restaurant, after lessees failed to redevelop or pay dues. Backed by High Court orders, the action highlights a new assertive approach to Mumbai’s legacy leasehold lands — with major implications for owners, tenants, and the city’s redevelopment landscape.