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3. Writ petitions are opposed by learned High Court Govt. Pleader Smt. M.C. Nagashree, for respondent Nos.1 to 3 by supporting the orders of the authorities below.

4. There cannot be any dispute that the property which is subjected to lease for long period of 31 years + 5 years would definitely be undervalued by intending purchaser; the property was prone to litigations before number of Courts and that the vendors of the petitioners who were lessees fought the litigations and invested huge amount of `700 crores for construction of building, that too, by raising loans; since the petitioners have not repaid the amounts as and when required, litigations are pending against the petitioners and those litigations were by the financial institutions; these factors will have to be definitely borne-in- mind while coming to the conclusion. In addition to the same, the petitioners' case that the valuer appointed by them has valued the property in accordance with law also needed to be considered by the authorities; However, it is the plea of the petitioners that the property needs to be valued keeping in mind the Parks' table which should have been considered by the authorities while coming to the conclusion; since this Court is of the opinion that the First Appellate Authority has not taken note of various aspects of the matter, this Court proposes to remit the matter to the Appellate Authority for fresh consideration. It is needless to observe that what was purchased by the vendors of the petitioners was the reversionary right. The lessees are in possession of the property and they had constructed the building. In view of the above, the following order is made:-