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The Bombay High Court has asked Wadia-promoted Bombay Dyeing to hand over 66,651 sq m of its mill land in Wadala to the Municipal Corporation of Greater Mumbai and the Mumbai Housing Development Authority so that a long-pending dispute can be settled and the company can redevelop its Wadala and Lower Parel lands in the city.
The court, upholding a petition filed by BSE-listed textile firm said the company can go ahead and redevelop the rest of its now defunct Spring Mills, now known as Island City Centre, at Wadala.
As a part of its development plans, the company was required to hand over 52,331 sq m at Wadala and 12,823 sq m at Lower Parel to the two agencies. However, the company had moved the court saying it should be allowed to submit the land at one location in Wadala, instead of separately under the Integrated Development Scheme for Textile Mills under Section 58 of DCR.
The section says that any developer, going for redeveloping any mill land, should give away a part of the land to MHADA and MCGM. In March 2010, the BMC had issued stop-work notices to Bombay Dyeing after it failed to hand over the land.
Bombay Realty, a division of Bombay Dyeing, is working on an Integrated Development Scheme at Wadala. It has already delivered a 40-storey luxury residential tower and is developing two more premium residential towers. It is simultaneously developing its mill land in Lower Parel.
> priyanka.pani@thehindu.co.in
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