Latest StoriesRegulatory

Bombay HC gives NCDRC 60 days to rule on DB Ozone case

MUMBAI: Over 3,000 families residing in DB Ozone, Dahisar East, may finally see progress in their prolonged pursuit of an occupancy certificate (OC) following a Bombay High Court directive to the National Consumer Disputes Redressal Commission (NCDRC) to fast-track hearings and deliver a timely judgment. During a hearing on June 9, the High Court instructed the NCDRC to hold a formal hearing within 30 days and issue its final judgment within 60 days. This ruling has stirred hope among the residents who have been in limbo for more than 12 years after taking fit-out possession of their flats over a…

Latest StoriesRegulatory

Bombay HC Upholds Valor Estate Subsidiary’s 205-Acre Title

NEW DELHI: On April 30, the Bombay High Court dismissed an appeal from the Union of India through its Salt Department, rejecting the government’s claim of ownership over around 205 acres of land in Bhayandar village, within the Mira Bhayandar Municipal Corporation area of Thane district. The land is currently owned by Miraland Developers, a subsidiary of Valor Estate (formerly DB Realty). This dispute stems from an 1870 indenture, wherein the Secretary of State for India in Council granted a 999-year lease of about 3,688 acres encompassing Bhayandar, Ghodbunder, and Mira to a private entity. The lawsuit involves approximately 220-227…