India, Oct. 28 -- Refusing relief to a developer who delayed a Kalachowkie redevelopment project by 18 years, the Bombay High Court observed that there is significant sentimentality attached to owning a home in Mumbai, and developers must factor in the "hope and aspiration" associated with it.

A division bench of Chief Justice Mahesh Chandra Tripathi and Justice Advait Sethna noted in their order passed on Monday: "Besides the hard-earned money that is put in for a house in Mumbai, there is an investment of emotions, feelings and sentiments attached to having a home in their city of dreams, which cannot be procrastinated. In such context, developers have a huge responsibility cast upon them in law to ensure that their obligation in terms...