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Notice puts realty plans of Bombay Dyeing on hold

15
Apr '10
Textile giant Bombay Dyeing has moved the Mumbai High Court, challenging the show-cause notice issued to them for carrying out construction work of their multi million dollar project coming up on two of its vast mill plots.

This notice has put at risk the company's realty projects and has also further increased the fight for open space and economical housing in the island city.

The division bench of Justice J N Patel and Justice A P Bhangale who scheduled the case for hearing on April 19, also directed MHADA (Maharashtra Housing and Area Development Authority) and BMC (Brihanmumbai Municipal Corporation) to file their reply in connection to the company's petition.

The show-cause notice, issued on March 26, 2010, was filed in accordance with the directions followed by the monitoring committee, constituted to supervise the mill land development projects, under the leadership of Justice (Retd) B V Chavan.

The committee issued the show-cause notice to Bombay Dyeing as they failed to handover the land to MHADA for developing low-cost housing and the BMC for developing a recreation ground.

The committee also pointed out that, on one hand where, construction of houses for workers and redevelopment of chawls was on a standstill, the development work on the two said mill plots, according to them, was inappropriate.

The projects, taking shape on the erstwhile mill plots of the company include, a 38-storey residential-cum-commercial tower on the Spring Mills plot in Dadar-Naigaon, measuring around 127,000 square metres, whereas, retail, IT space and also a hotel are in the pipeline, on the Worli plot that is spread over an area of 102,000 square metres.

In their plea to the court, to cancel the notice, Bombay Dyeing highlighted the adversities that would follow, owing to the show-cause orders such as, the company's investment, several hundred workers engaged in on-site construction and above all, the ordeal that 124 people, who have booked flats in the Spring Mill tower, would face.

Fibre2fashion News Desk - India


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