GUJARAT INDUST.DEV.CORP. vs RAJESHBHAI MAHENDRABHAI . — SLP(C) No. 11464/2009

Case Summary: SLP(C) No. 11464/2009 Outcome: The Supreme Court dismissed all special leave petitions, upholding the Gujarat High Court's decision that landowners are entitled to compensation at Rs.65 per square meter for 32 lakh square meters of land acquired in Manjusar village, Vadodara for industrial colony construction. The Court affirmed the High Court's reliance on two comparable sale instances (Exhibits 174 and 175) and the 40% development cost deduction, rejecting the Corporation's argument that small land parcels couldn't serve as valuation basis for large tracts. The Court also upheld Rs.700 per tree compensation determined by the Reference Court. This case analysis is maintained by casestatus.in based on publicly available court records.