You are here: Home » Companies » News
Business Standard

"Buyer beware": Wadia issues public notice against Century's realty project

Century doesn't own 30 acres of land in Worli, it claims to own, says Nusli Wadia in public notice

Topics
Century Textiles | Nusli Wadia | Aditya Birla Group

Dev Chatterjee  |  Mumbai 

Nusli Wadia
Nusli Wadia

Nusli Wadia, chairman of Wadia group of companies, has issued a public notice to warn customers of saying the luxury housing project is being built on disputed land.

Century Textiles, a company now managed by Kumar Mangalam Birla, chairman of the Aditya Birla group, recently sold apartments worth Rs 1,000 crore in Worli, Mumbai.

The project is coming up adjacent to Bombay Dyeing's headquarters and Wadia said the statement by Century that it owns 30 acres of land in Worli is "factually incorrect, unscrupulous, fraudulent and deceitful". The total parcel of land owned by Century is only 20 acres and not 30 acres, Wadia said in a public notice published in newspapers.

The remaining 10 acres acres are owned by Wadia and are not available to Century for development, the notice says.

Wadia has filed an eviction suit for eviction of Century from the premises before Small Causes court in Bombay. The court has restrained Century from dealing with the premises and structures therein.

Century is misguiding and cheating the public at large. The public at large is cautioned not to deal with or enter into any agreement with Century or its subsidiaries for sale/transfer and of any project (Including Nayara), Wadia said.

If anyone enters into an agreement with Century then it will be at their cost, Wadia warned. did not respond to Business Standard's queries till the time of publishing of this story.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, May 06 2022. 11:22 IST
RECOMMENDED FOR YOU