Bombay High Court approves hotel construction in Navi Mumbai
The Bombay High Court has allowed the construction of a hotel in Navi Mumbai after a 20-year delay. The project, initiated by CIDCO in 2006, was stalled due to the non-development of the planned international airport. PVP Star Hotels Private Limited challenged CIDCO's demand for an additional lease premium after the lease was terminated in 2018. The hotelier argued that other licensees received extensions without extra costs, making CIDCO's actions seem unfair. The court ruled that while terminating the lease was not in CIDCO's best interest, the hotelier must still pay the additional lease premium due to the project's delays.