Hiranandani moves HC seeking revocation of stay on flats' sale

Hiranandani Developers have contacted the Bombay High Court looking for it to vacate a stay on sale of combined flats in its township at suburban Powai. The request filed by the firm and its co-founder Niranjan Hiranandani has desired cancellation of the stay enforced by the High Court in December 08, while listening to a public interest litigation, contending that the arbitrator found no infractions in its venture. "The arbitrator appointed to look into the tripartite agreement between the land owners, government and MMRDA has found no irregularities in the project," the petitioner's counsel Shrihari Aney contended.

The High Court had on December 4, 2008 controlled Hiranandani from trading amalgamated apartments in Powai's Hiranandani Gardens and stated it couldn't sell in excess of 2 flats to 1 person till more requests. The stay was enforced in a PIL submitted by Kamlakar Satve and Rajendra Thacker claiming that Hiranandani had dishonored a 1986 deal for building 230 acres of land underneath the Powai Area Development Scheme.

 The PIL claimed that the questioned flats were constructed on a plot of land, that was initially allotted to contractors for development of inexpensive houses for the middle-class, but the same were distributed to the wealthy and well established.

Aney today quarreled that independent committees were designated by the government and MMRDA to investigate the accusations and no transgressions were found. "Even an arbitrator was appointed who passed an order in our favour in August this year," he said.