A redevelopment project in Chunabhatti in Mumbai hit a roadblock because the land was occupied by 56 tenants. To clear the land, the builder made a deal with a partnership firm from Veer Nariman Road, which agreed to get the tenants to vacate the land. This firm proposed to offer the tenants compensation for vacating the land.
It's important to note that the firm hired by the builder had already acknowledged a liability of Rs 17 crore for compensating tenants in previous years (Rs 14 crore + Rs 3 crore). During AY 2016-17, this firm recognised an additional liability of Rs 8 crore, taking the total estimated compensation liability in its books to Rs 25 crore. However, this amount hasn't been paid yet, as the final compensation will depend on the outcome of the ongoing negotiations and litigations initiated by the tenants who refused to vacate the land.
