It also approved transfer of RCF land to Municipal Corporation of Greater Mumbai (MCGM) and selling of Transferable Development Right (TDR) Certificate received against the transfer of land to MMRDA/MCGM.
An official release said MMRDA acquired 48,849.74 sq m (8265 sq. m unencumbered/free land and 40584.74 sq. m. encumbered land) of RCF and completed the construction of Eastern Free Way-Anik Panjrapol Link Road (APLR).
It said RCF received TDR certificate of 16530 sq. m in Novemer 2017 issued by MMRDA against 8265 sq. m of unencumbered/free land as an interim relief.
The release said claim of RCF for TDR/compensation against encumbered land measuring 40584.74 sq. m is being decided by an arbitrator.
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