Sections 126 & 127 Of MRTP Act Require Expeditious Acquisition Of Land Reserved, Failing Which Reservation Lapses: Bombay High Court

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3 March 2022 5:15 PM IST

  • Sections 126 & 127 Of MRTP Act Require Expeditious Acquisition Of Land Reserved, Failing Which Reservation Lapses: Bombay High Court

    The Bombay High Court in a recent judgment held that sections 126 and 127 of the Maharashtra Regional & Town Planning Act, 1966 ( "MRTP Act") require expeditious acquisition of the land reserved. Section 127 gives time to either acquire the land or take steps for acquisition within a period of twenty-four months from the date of service of notice by the land owner for purchase. A...

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