YEIDA has issued a final ultimatum to Greenbay Infrastructure, demanding the payment of ₹118 crore by July's end. Failure to comply will result in the cancellation of land allotment for their 100-acre township in Sector 22D. Source link...
Real Estate
The Enforcement Directorate (ED) uncovered a financial fraud exceeding Rs 100 crore by Debock Industries Ltd, whose owner was investing the illicit proceeds in real estate ventures, including resorts for destination weddings near Chaksu. Source link...
NPCI has acquired a 1.5-acre land parcel in Mumbai's BKC from MMRDA for Rs 829.43 crore to establish its headquarters. The 80-year lease will allow NPCI to construct a 16-story office building, consolidating its operations and supporting digital payment innovation. This deal highlights BKC's importance as a financial hub and reflects strong demand for commercial real estate. Source link...
The assets include a commercial property known as 'Inspire BKC' in Mumbai's business district Bandra-Kurla Complex and a land parcel in Kalyan Shahad on the outskirts of Mumbai. Adani Properties was found to be the only bidder to make Insolvency and Bankruptcy Code (IBC)-compliant proposal for both the properties. Source link...
The money laundering case of the Enforcement Directorate (ED) stems from multiple FIRs registered by the Economic Offences Wing (EOW) of the Delhi Police against Raheja Developers Ltd, its Managing Director Naveen Raheja and others, the federal agency said in a statement. Source link...
Max had initially sought a complete waiver of the CIC, but later proposed to deposit Rs 22 crore — roughly 40% of the assessed charges — in an interest-bearing account with certain conditions. Source link...
The colony spans over 11.20 acres and will yield 25,700 sq. m. of built-up space for MHADA as housing stock, with an FSI of 4.5, including fungible area. Source link...
The land is earmarked for the development of residential dwellings with a total development potential of approximately 7.5 lakh sq ft and an estimated gross development value (GDV) of over ₹1,600 crore. Source link...
These certificates have been sent to respective planning authorities to ensure authenticity and prevent discrepancies or forgery, officials said on Saturday. Source link...
Lavasa Corporation, India's first private hill town project, is up for sale again. Creditors aim to recover their dues. Six takeover bids have been submitted, ranging from ₹500 crore to ₹850 crore. Welspun Group placed the highest bid. Other bidders include Ashdan, Pride Purple, Macrotech Developers, DB Corp subsidiary Valor, Jindal Steel and Power Group, and Yogayatan Group. Source link...