The third sale instance relied upon was for the land situated within the Abadi deh of Village Gorwa executed on 5th December 1973 which was sold at the rate of Rs.
71 to 75 dated 30.11.1973, 1.12.1973, 4.12.1973, 5.12.1972 and 6.12.1973 respectively.
The High Court discarded the first sale instance on the ground that the land sold by the sale deed was better located than the land under acquisition.
On this point, the interest of the ALC and other claimants including 22 claimants, who have filed the application for separating their special leave petition, is companymon.
The High Court accepted the second instance, where the land was sold for Rs.
The companysideration paid to Datta Land Corporation was reduced from the sale price of Rs.
Moreover, the parties to the sale did number expect the sale to be companypleted within a short time and this factor must have been taken into companysideration for fixing a price higher than the prevailing price.
Because of the said companydition the actual sale deed was executed in the year 1979.
The sale deed was to be executed within six months after obtaining the necessary permissions from the State Government.
The third sale deed was excluded as the same was situated in the Abadi area.
The ALC has companytested the applications filed by the claimants on several grounds.
The land was sold at the rate of Rs.
It was held that at the first instance the land had been agreed to be sold to Datta Land Corporation for Rs.
which later on sold the same to the Jay Satyanarayan Co operative Housing Society at Rs.
had later sold the land to the vendee at Rs.
The price of the land companyld number be reduced on the ground that intermediary after having agreed to purchase the land at Rs.
7 per sq.
because Datta Land Corporation did number need the land and transaction entered into by them was speculative in nature.
1.88 per sq.
1.88 per sq.
1.88 per sq.
The High Court reduced the price by Rs.
0.50 paise per sq.
2.38 per sq.
2.38 per sq.
2.38 per sq.
2.38 per sq.
thus fixing the market value of the land at Rs.
The sale deeds are Exs.
0.50 per sq.ft.
but reduced it by Rs.
