The prestige white meadows (enjoy ice cream) bought by prestige group from joy ice cream, which was allotted to them by the Government to run an industrial unit, at a very low price, was sold to prestige.
The price of apartments/villas in this project is all in crores. The land was acquired by the Government at a very low price from the farmers for industrial development. It was subsequently allotted to Joy Ice Cream.
The claim of the prestige in the court is that EVERYTHING ABOUT THIS PROJECT IS LEGAL, yes, they must put forth their argument on the same lines, further stating that they have obtained all permissions and approvals, hence, it is a legitimate project.
The sale itself may be void, as the land allotted to the industrial use cannot be converted for residential use and subsequently all the approvals based on such sale is also void.
But the case must go on, otherwise the investors or the buyers will jump and frown on the builder.
The hearing was adjourned yesterday in the High Court.
There are more litigations of this kind in whitefield area.
Another housing complex in whitefield is also built on Industrial Land without obtaining the NOC from KIADB.
ENJOY. ICE CREAM. AT PRESTIGE WHITE MEADOWS.
2 responses to “PRESTIGE WHITE MEADOWS – DROWNED IN LITIGATION”
Sir,
Does this mean no industrial land can be converted & used for residential purpose? How about Brigade’s Cosmopolis, land bought from Hindustan Unilever LTD.
Some could be legitimately converted like Brigade Cosmopolis(in sy no.21-29), as it was a freehold land held by Mrs.Mathias Pinto Prabhu and sold on 28-10-1963 and was subsequently converted for industrial purpose in 1972 and then to the residential purpose by the builders.
Majority of the Industrial lands cannot be converted at all.