The problem is the title/lease given by the MBPT to the tenants, its a complex issue and there are many court cases pending relating to the same for various property provided on lease by MBPT. MBPT has also came out with retrospective rent hike from 2012 which is being challenged by many tenants and pending before the bombay high court. Because of this giving a fair value to the land and monetizing it is really very difficult as the intent and policy of MBPT is not rational and has many hurdles. The company has also made disclosure in the financial statement under contingent liability.
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