Home / Business and Economy / 62-Year Property Battle Ends: Family Wins ₹7 Crore Plot
62-Year Property Battle Ends: Family Wins ₹7 Crore Plot
14 Dec
Summary
- A 62-year property dispute in Faridabad has concluded.
- A 5,103 sq ft plot bought in 1963 for under ₹14,000 is awarded.
- The land's current market value is nearly ₹7 crore.
A 62-year legal battle over a property in Faridabad has reached its conclusion. The Punjab and Haryana High Court has ruled in favor of the original allottee's family, ordering the handover of a 5,103 sq ft plot. This land, initially purchased for under ₹14,000 in 1963, is now valued at approximately ₹7 crore, with the family set to pay only 25% additional cost.
The dispute originated in 1963 when M/s RC Sood & Company Ltd sold two plots to Nanki Devi. Despite advance payments, possession was never granted due to various legal and regulatory hurdles that spanned decades. The developer's attempts to dismiss the claim were rejected by the court.
Justice Deepak Gupta's ruling highlighted that parties cannot use market escalation as a defense for decades of delayed performance. This landmark judgment brings closure to one of the region's longest-standing property cases, reaffirming the allottee's rights after significant legal proceedings.
