DLF & Shapoorji Pallonji take Hubtown, PNB to HC over South Mumbai project

Dated on: Monday 23rd October 2023

DLF and Shapoorji Pallonji jointly held 37.5% each, with their partner Hubtown owning 25% of Joyous Housing LTD (JHL). JHL was in the process of redeveloping a 17-acre slum property near Willingdon Club in Mahalaxmi's Tulsiwadi area. Upon providing free housing to slum dwellers as part of a rehabilitation scheme, the three developers were entitled to around 12 lakh sq ft of free sale space valued at a total of Rs 10,000 crore.

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