Godrej Group Has Moved Bombay High Court Against The Acquisition Of Its Prime Property - Dollar Advisory & Financial Services

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Monday 9 July 2018

Godrej Group Has Moved Bombay High Court Against The Acquisition Of Its Prime Property

Godrej Group has moved Bombay High Court against the acquisition of its prime property worth $5 billion in the Vikhroli area of Mumbai for the government's ambitious bullet train project connecting Mumbai and Ahmedabad, Business Standard reported.

The conglomerate is reportedly seeking a change in the project's alignment so that it can get nearly 3.5 hectares or 8.6 acres of land belonging to its infrastructure arm Godrej Construction out of the project's road map.

In case Godrej does not agree to the acquisition, the authorities will have to either change the track alignment or forcibly acquire the land under the provisions of the Maharashtra Land Acquisition Act, 2013.

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