Forest Land Case Verdict Delayed

It seems that the Supreme Court is going to take more time to resolve the contentious forest land issue in Mumbai.

According to report appearing in the Times of India dated 10th February, the 2 Judge Bench of Supreme Court has requested for enlargement of the bench to include more judges before it can come to any conclusion.

This news is likely to cool down galloping property prices are apartments in the buildings that exist of forest land can not be sold or re-sold till the issue is resolved in the Supreme Court.

You can read the TOI report here

Another Update on Forest land: Mumbai builders get nod

NEW DELHI: It is probably the best news for Mumbai's leading builders who had invested thousands of crores of rupees on buying prime plots to develop flats and residences but got stuck in the environment tangle as the land was classified later as forest area.

After years of uncertainty, the Supreme Court on Monday cleared their construction activity. However, the green light came with two riders — one they must pay the hefty penalty (Net Payable Value or NPV) slapped on them for using forest land for other activities and two, that the constructions would remain subject to further clearance from the ministry of environment and forest (MoEF)

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