Mumbai: The Bombay High Court yesterday allowed Bombay Dyeing to surrender to BMC and MHADA its land in Spring Mills Property at Wadala in lieu of its land in Lower Parel under the Integrated Development Scheme as provided under Development Control Rules (DCR).
Both Wadala and Lower Parel localities are regarded as plum real estate areas and house a number of high rises.
The court said Bombay Dyeing was within its rights to decide which of its properties - in Wadala and Lower Parel - it wanted to surrender to Brihanmumbai Municipal Corporation (BMC) and Maharashtra Housing and Development Authority (MHADA) under Integrated Development Scheme as provided under DCR.
Granting no relief to workers' unions who argued that the mill cannot surrender land from its Spring Mills property in Wadala alone and retain more expensive textile mill property in Lower Parel for redevelopment, Chief Justice Mohit Shah and Justice M S Sanklecha allowed Bombay Dying to give up its land in Wadala in lieu of its land at Lower Parel.
