Monday, October 17 2005 15:42 Hrs (IST) - World Time -

Mumbai: In a significant development, the Bombay High Court today (Oct 17, 2005) set aside the sale of 600 acres of surplus textile mill lands by National Textile Corporation (NTC) in prime locations of the city at a cost of Rs 5500 crore.

City-based Bombay Environmental Group had challenged the sale on the ground that development control rules had been violated.

The court also held that whenever the mill land is sold, one-third of it should be reserved for open space, one-third for low cost housing by Maharashtra Housing and Area Development Authority (MHADA) and one-third for mill-owner's benefits.