Real Estate

Real Estate Transactions

HC orders Mumbai civic body to transfer 6-acre Worli plot title to Century Textiles

Economic Times  

The Bombay High Court has directed the Municipal Corporation of Greater Mumbai to transfer the title of a six-acre plot in the city's posh Worli locality within eight weeks to Century Textiles & Industries. The listed textiles-to-realty company had approached the city corporation in March 2014, seeking to execute a formal deed of conveyance for the land, which houses a residential colony of its employees. It moved the high court in December 2016, after the authorities did not respond to its application and several letters seeking transfer of the land title. The six-acre plot is part of 30 acres the company owns in Worli.