Satellite Developers Ltd vs The State Of Maharashtra & Ors

The Supreme Court ruled that under Section 127 of the Maharashtra Regional and Town Planning Act, 1966, if land reserved for a specific purpose is not acquired within ten years, the reservation lapses. The Court held that the appellant's purchase notice served on February 6, 2003, initiated the process for acquisition, and the subsequent actions by the Municipal Corporation did not comply with the statutory requirements, leading to the conclusion that the reservation had lapsed. Consequently, the Court directed that the land be released from reservation and made available for development by the appellant.