The Court held that the 1962 document was a registered sale deed, not a mortgage or loan arrangement — and therefore the petitioner had no right to reclaim the land more than 60 years later.

The Case: Was It a Loan or a Sale?

The petitioner argued that his father had sold the property for a nominal ₹300 with a condition allowing him to repay the money within five years and get the land back.
He claimed this proved it was a loan, not a permanent sale.

The respondent, however, relied on the registered sale deed of 2 July 1962, which showed:

• It was a completed sale, not a mortgage.
• Ownership had legally transferred.
• There was no clause that automatically cancelled the sale if the seller repaid the amount.

The High Court agreed with the respondent.

Why the Claim Failed

The Court made it clear that:

• Once a registered sale deed is executed, the buyer becomes the absolute owner.
• A “right to repurchase” must be explicitly stated and legally structured — vague conditions do not alter the nature of a sale.
• The petitioner’s claim — raised decades later — had no legal basis.

The Court found no evidence that the transaction was a loan or that the ₹300 payment was a mortgage advance. It emphasised that intention must be reflected in the written deed, not assumed later.

Lesson for Common People: Do Not Rely on Oral Promises

The order reinforces a simple but crucial message:

If a document is unclear, you risk losing your property forever.

Many older land transactions were informal, handwritten, or based on trust. This case shows that:

• Courts go strictly by what is written in the registered document.
• Oral understandings, family assurances, or “informal conditions” carry no legal weight.
• If a buyback or repayment condition exists, it must be drafted clearly, with proper legal structure.

Also Read: 87 Land Deals for 1862+ Acres Closed in FY-23

The post Sold Land for ₹300 in 1962, Lost It Forever: Bombay HC Reminds Why Agreements Must Be Clear appeared first on Square Feat India.

The property is strategically located, offering excellent connectivity to major transportation links including the Eastern Express Highway, Jogeshwari – Vikhroli Link Road (JVLR), and Kanjurmarg Railway Station. Its value is set to increase further with the introduction of the upcoming Metro Line No. 4 and 6, which will enhance accessibility to the area.

Also Read: Godrej & Boyce and Godrej Properties to continue their association for land development in Vikhroli

The post NITCO Limited Sells 4 Acre Land Parcel for Rs 232 Cr to Runwal appeared first on Square Feat India.

By Varun Singh

CIDCO the government body that is credited for development of Navi Mumbai has come out with a bumper auction of 106 plots.

CIDCO has put a total of 106 plots on auction for lease, these plots are meant for residential use.

The bidder registration process for the participating in the e-auction began on Wednesday.

The e-tender process shall begin from February 12 till March 1.

The e-auction will be carried out online on March 3, 2021 between 11 am to 5 pm.

The results shall be published the on the next day.

The plots are located at New Panvel, Kharghar, Nerul, Ghansoli and Airoli.

Heres the entire list of plots along with the location, offset price and the earnest money deposit one has to pay.

Arvind Goel, developer from Navi Mumbai, says this is for the first time that CIDCO has come out with so many plots for auction.

Who are eligible to make an Participate:

a. Any person competent to contract under the Indian Contract Act,1872

b. Company incorporated under the Indian Companies Act, 1956.

c. Partnership Firm registered under Indian Partnership Act 1932.

d. Limited liability partnership (LLP)

e. Public Trustregistered under Public TrustAct, 1950 and also registered under the Society Registration Act, 1860.

f. Co-Operative Society registered under the Maharashtra Co-operative Societies Act, 1960.

g. Bids received from Proposed Company / Public Trust / Coop. Society/
Partnership firm/LLP not registered will be treated as individual applicant.

How To Apply For e-Tender cum e-Auction

Step 1: Register on home page menu by clicking “Bidder Registration”.
A) Full Name (In Capital)
B) Address with Pin Code.
C) Mobile Number
D) PAN Card No.
E) AADHAR No.
F) E-Mail ID.
G) Bank account Number & IFSC Number.

Step 2: Login with user credentials and verify OTP sent to registered email id and mobile number for secure Login

Step 3: Select Live Tender from Dashboard

Step 4: Pay e-Tender cum e-Auction Processing fee of Rs. 1000 + Applicable GST Non-Refundable and pay EMD amount though online mode. Print receipt option is available.

Step 5: Pay e-Tender cum e-Auction EMD Amount.

Step 6: Submission of CLOSED BID (e-Tender) by bidder.
(Note: “CLOSED BID (e-Tender)” means the best price OR offer amount offered by the bidder in advance, such that none of the bidder know how much the other participants have bid. The bidder shall participate in e-auction during the prescribed time schedule. If bidder does not wish to participate in e-auction, the closed bid (e-Tender) shall be considered as final offer.)

Step 7: Conduct of e-Auction/ Online auction:
As per time schedule, bidder shall participate in e-Auction by logging in the website. Please note that no time extension will be given after closing time. During e-Auction every bidder can bid in multiple of Rs. 1000-/ per sqmtr only.

Step 8: e-Auction Final Result:
After completion of e-Tender cum e-Auction process, for the particular plots, the highest e-auction bid amount will be compared with highest closed bid (e-Tender) amount submitted and the highest of the two, will be declared as the successful bidder.

Step 9: Refund of EMD:
After completion of e-Auction and approval of Competent Authority, the EMD amount received from Bidders other than the highest Bidder will be returned without interest, online into the Bank Account provided by the bidder at the time of Registration. In case the number of bidders during the process are less than 3 then, the decision of the Corporation may take some time. Hence, the EMD refund may take extra time in such situation.

Also Read: CIDCO Can Fulfill Your Dream Of Building a Bungalow

The post CIDCO Puts 106 Plots On Auction In Navi Mumbai appeared first on Square Feat India.