Real Estate News

SC nod for redevelopment at Kalachowkie project

The Supreme Court has paved the way for the Rs 5,000 crore Abhyuday redevelopment project in the heart of central Mumbai at Kalachowkie. Dadar-based realty firm Ornate Housing's attempt to challenge the tender process came a cropper in the apex court. A division bench of Justice Madan Lokur and Justice R K Agrawal dismissed a special leave petition filed by the builder challenging a Bombay high court order refusing to restrain Abhyuday Nagar Sahakari Gruhanirman Sanstha Sangh Ltd -a federation of 48 buildings -from permitting a rival builder's participation in the tender process. Source: The Times of India, July 7, 2016, Mumbai << Back