hoary realty ltd Management discussions


CHAITRA REALTY LIMITED ANNUAL REPORT 2005-2006 MANAGEMENT DISCUSSION AND ANALYSIS DEVELOPMENT OF PRABHADEVI PROPERTY The Public Interest Litigation (PIL) filed by Bombay Environmental Action Group (BEAG) in the matter of Mill Land Development Control Rules, has been finally decided by the Honble Supreme Court of India on 7th March, 2006, upholding the validity of the said Rules as it existed prior to filing the said PIL and Bombay High Court Order. In spite of regular follow-up with Government of Maharashtra and The Municipal Corporation of Greater Mumbai, we have yet to receive permission for development of property.