Real estate major DLF has moved the Supreme Court seeking stay on the Punjab and Haryana High Court that directed it to demolish structures at its upcoming Cyber City project in Gurgaon and return around 20 acre of prime estate to villagers.
DLF, which purchased 19.5 acre from the Haryana government in 2006 to develop its Rs 7,500 crore ambitious project, was asked by the high court in October this year to demolish structures on the land and return the same to the villagers of Nathupur in Gurgaon.
The 19.5-acre patch is crucial to the grand Cyber City coming up over a sprawling 100-acre land. The apex court Bench headed by Justice DK Jain while issuing notice to Haryana said, ?When you (DLF) tell the government I want this land, why did the government act as a go-between? The government could have only acted as a facilitator.? When senior advocate Harish Salve, on behalf of DLF, sought stay on demolition of structures on the land, the Bench said, ?Who will demolish, it is the government?The government has more interest to protect it than you.?
Cyber City, which houses 42 top multinational companies and spreads over 100 acre, will be one of India?s largest integrated technology parks.
DLF said that the sale of acquired land at a ‘whopping profit to a private party in a public auction cannot be a fradulent act.