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Top builders take partner, PNB to high court over big South Bombay project

IndiaTimes Sunday, 22 October 2023
A slum redevelopment project in Mumbai worth Rs 10,000 crore has become the subject of a dispute between three top builders. DLF and Shapoorji Pallonji have taken their partner, Hubtown, and Punjab National Bank (PNB) to court after a default on a loan resulted in the sale of DLF and Shapoorji Pallonji's stakes to a third party. The developers were entitled to 12 lakh sq ft of the project's free sale component.
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