Mukesh Ambani wants part of his BKC money back

In January 2006, Mukesh Ambani’s Reliance Industries Ltd (RIL) shelled out Rs1,104 crore to buy a 7.5 hectare plot at the Bandra-Kurla Complex (BKC), Mumbai’s midtown business hub.

The purpose: to construct a world-class convention hall and an exhibition-cum-commercial centre.Four years on, RIL is learnt to have asked the Mumbai Metropolitan Region Development Authority (MMRDA) for a refund of the Rs696 crore it paid for the additional 72,500 square metre built-up area it was grant…