"Buyer beware": Wadia issues public notice against Century's realty project

Century doesn't own 30 acres of land in Worli, it claims to own, says Nusli Wadia in public notice

Nusli Wadia, chairman of Wadia group of companies, issued a public notice to warn customers of Century Textiles saying the luxury housing project is being built on disputed land.

The land parcel is valued at around Rs 1,800 crore to Rs 2,000 crore with development potential of upto Rs 15,000 crore.

Century Textiles, a company now managed by Kumar Mangalam Birla, chairman of the Aditya Birla group, recently sold apartments worth Rs 1,000 crore in Worli, Mumbai.

The project is coming up adjacent to Bombay Dyeing's headquarters and Wadia said the statement by Century that it owns 30 acres of