India, Oct. 6 -- The Bombay High Court has set aside a Maharashtra Real Estate Appellate Tribunal (MahaREAT) order that had restored the residential status of the long-delayed Turf View project, after the parties told the court they had amicably resolved their dispute.

The ruling clears a regulatory hurdle for developers Prestige Estates Projects and Valor Estate (formerly DB Realty) to proceed with their plan for a residential-cum-commercial project on a prime south Mumbai plot overlooking the Mahalaxmi Race Course.

A single-judge bench of Justice N J Jamadar on September 29 set aside the tribunal's order, noting that "the parties have amicably resolved the dispute".

The dispute dates back to 2007, when an associate company of DB Real...