India, May 18 -- Thirteen years after it was constructed, the upscale Amey Cooperative Housing Society Limited's (ACHSL) Palm Beach Residency in Nerul has received a provisional occupancy certificate (OC) from the Navi Mumbai Municipal Corporation (NMMC). The complex, which was mired in litigation due to construction violations of over 3 lakh sq ft, has had to bear a whopping Rs.100 crore for the OC, with Rs.66.67 crore paid to NMMC and around Rs.34 crore to CIDCO for various permissions.
The project has been mired in controversy for decades. First there were allegations of illegalities in the land allotment process by CIDCO to six 'bogus' cooperative societies of APMC mathadis that had been merged, which then sold the land to the Wadhwa...
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