The Godrej Group, Mumbai’s biggest private land owner, has petitioned the Bombay high court to shift the alignment of the Mumbai-Ahmedabad bullet train project by a few hundred metres to the east. The company is in court against the state’s move to acquire ten acres of its prime Vikhroli land.
The company is opposing a notice issued earlier this year by the collector’s office for acquisition of the open parcel of land which lies to the west of the Eastern Express Highway. The cost of the land, say property experts, could be Rs 200 crore, and its development potential worth much more.
Godrej suggested a re-alignment of the route and is offering alternate land. The company is said to have now offered land on the eastern side of the highway, whose viability is yet to be ascertained.
Whether the alternate site has mangroves and falls under coastal regulation zone (CRZ) will be considered. If realigned, the land currently being eyed by the government will be open for development by Godrej. Read More
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