Navi Mumbai Land Dispute Heats Up: CIDCO Cancels Allotment of Two Plots to Godrej Properties!
In October 2023, the City and Industrial Development Corporation of Maharashtra (CIDCO) canceled the allotment of two adjacent plots in Navi Mumbai’s Sanpada area to Godrej Properties. This decision came after the company had emerged as the highest bidder for the plots in an e-auction held in March 2021.
The cancellation was reportedly due to a dispute over the amount of premium that Godrej Properties had agreed to pay. CIDCO had previously demanded a higher premium, but the company had challenged this decision in court. In May 2023, the Bombay High Court ruled in favor of Godrej Properties, stating that the premium demanded by CIDCO was excessive.
Despite this court order, CIDCO went ahead and canceled the allotment of the two plots in October 2023. Godrej Properties has since filed a writ petition challenging the cancellation order, and the matter is currently pending in court.
Here is a brief timeline of the events leading up to the cancellation:
- March 2021: Godrej Properties emerges as the highest bidder for two adjacent plots in Sanpada in an e-auction held by CIDCO.
- May 2023: The Bombay High Court rules in favor of Godrej Properties, stating that the premium demanded by CIDCO is excessive.
- October 2023: CIDCO issues an order to cancel the allotment of the two plots to Godrej Properties.
- October 2023: Godrej Properties files a writ petition challenging the cancellation order.
The cancellation of the allotment has been met with criticism from some quarters, who argue that it is a setback for the development of Navi Mumbai. Godrej Properties has stated that it is confident of a favorable outcome in the court case.
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