A bench headed by Chief Justice R M Lodha dismissed the PIL and expressed concern over such petitions being in the Supreme Court.
"Don't bring such petition in the Supreme Court," the bench, also comprising justices M B Lokur and Kurian Joseph said.
It, however, allowed the petitioner to approach High Court in the matter.
"We are dismissing the petition but it will not come in the way for petitioner to approach the High Court," it said.
"It is respectfully submitted that the State Government acquired large tracts of agricultural land of several villages in Tehsil & District Lucknow from farmers for public purpose. Out of the aforesaid acquired land, 270 acres of land which is the subject matter of present petition was illegally transferred to Sahara India though the land use of the same was demarcated under the Lucknow Master Plan as green belt, play grounds, parks etc," he said.