Last month, its developer, Sandhu Builders, put the entire building on the block for $147 million, or around Rs 800 crore. But when vigilant residents of the adjoining Chetak Cooperative Housing Society (Manju Mahal) saw the advertisement on an international real estate website, they quickly moved a contempt of court petition against the builder.
The society had dragged the builder to court for various violations some months ago. The Bombay high court subsequently ordered a status quo. Sandhu Palace, comprising two 19-storey towers, is the tallest structure on Pali Hill and was among the first buildings to benefit from height regulation relaxations during the tenure of Praful Patel as civil aviation minister.
The developer has been quoting more than Rs 60,000 a sq ft, making it the most expensive property in the suburbs. Several large flats were sold to NRIs at more than Rs 35 crore each.
The builder said he had spent in excess of Rs 148 crore on the project and sold 19 apartments out of a total of 48. Last week, the Chetak society filed an additional affidavit in the high court after Sandhu's advertisement came to light. It said the builder published the ad on the internet around October 27 and made efforts to dispose of the property, which had been "constructed by violating rules, regulations and applicable laws by making misrepresentations before the concerned authorities".
The society said the builder was trying to create third-party rights by selling off the property despite the ongoing court case. The builder, Kanvarjeet Singh Sandhu, hit back, stating that he paid the society Rs 8.10 crore as part of the agreement, but it was sill trying to "coerce and compel" the developer to arrive at a further financial settlement.
"The petition has been filed with ulterior dishonest and malafide intent to extort Rs 100 crore from the respondents. Thus, the petition is a gross abuse of process in this court," said Sandhu.
Chetak's petition said Sandhu and the BMC colluded to illegally increase the building's floor space index (FSI). The society had allowed the developer to acquire development rights for three of its four plots. However,the builder allegedly usurped the rights of the fourth plot, which was not part of the agreement. This plot measured 1,775 sq m and also included another 725 sq m reserved for a road setback (future expansion).
The municipality's commissioner, deputy commissioner, executive engineer and deputy engineer (building proposal department, Bandra) have been made respondents, along with the developer, in the petition. In 2007, Sandhu paid each of the more than 100 members of Chetak Rs 5-15 lakh for giving powerof-attorney to the builder to utilize about three acres of its land. The agreement mentioned three plots, but the society alleged that the builder "illegally" included the fourth plot as well and got them sanctioned by the BMC.
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