In Brief
Landowners challenged a town planning scheme reservation of their property under the Maharashtra Regional and Town Planning Act, 1966, arguing that since the Planning Authority failed to acquire the land within ten years, the reservation lapsed under Section 127 of the Act. The Supreme Court held that Section 127 applies only to Development Plans under Chapter III and not to Town Planning Schemes under Chapter V, which constitute a self-contained code. Once a Town Planning Scheme is properly sanctioned after following statutory procedures including arbitration and compensation determination, lands vest absolutely in the Planning Authority under Section 88 without further acquisition proceedings. The Court dismissed the appeal, confirming that the reservation remained valid.
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