T.S. RAMACHANDRA SHETTY vs CHAIRMAN, KARNATAKA HOUSING BOARD . — C.A. No. 3332/2001

The Supreme Court dismissed Shetty's appeals against the Karnataka Housing Board's land acquisition compensation. The High Court had reduced compensation from Rs. 2,17,800/- to Rs. 1,30,680/- per acre, relying on Shetty's own 1986 purchase of the land for Rs. 45,000/- (approximately Rs. 1.75/sq ft) as the basis for market value, after accounting for development charges. The Court upheld this approach as consistent with established law requiring recent comparable sales of the acquired land itself as the best evidence for determining fair market value. This case analysis is maintained by casestatus.in based on publicly available court records.