BMC retains ownership of Lower Parel plot
Hindustan Times Mumbai|January 10, 2025
The Supreme Court has overturned a Bombay high court verdict, which had directed the Brihanmumbai Municipal Corporation (BMC) to transfer five acres of land in Lower Parel to Century Textiles and Industries Limited (now Aditya Birla Real Estate Limited).
Linah Baliga

MUMBAI:

The judgment, which has upheld the BMC's ownership of the land, was critical of the private firm for allegedly attempting to use the property, allocated under a welfare scheme, for commercial gain.

According to Ready Reckoner rates for 2024-2025, the property is valued at ₹660 crore, said the BMC. Following the ruling by the apex court, BMC officials conducted an inspection of the site on Thursday morning.

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