Vedanta Group has appealed to the NCLAT against the NCLT's decision. The NCLT had approved Adani Group's bid to acquire Jaiprakash Associates Ltd. Vedanta was also in the race to acquire the company. The Committee of Creditors had previously approved Adani's plan. Jaiprakash Associates has significant assets across real estate, cement, and hospitality. Source link...
Goldman Sachs and ICICI Prudential Mutual Fund collectively invested Rs 231 crore in DLF through block deals, acquiring shares at Rs 531.7 apiece. This comes as DLF shares have underperformed, sliding 22% over the past year, mirroring the broader realty sector's downturn. Despite a dip in quarterly sales bookings, the company reported strong cash generation and achieved zero gross debt. Source...
Paranjape Schemes Construction is set to invest ₹700 crore in developing five residential towers across Pune's western corridor, specifically Sinhgad Road, Bhugaon, and Hinjewadi Phase 1. These projects, offering over 1.75 million sq ft and approximately 1,400 units, are projected to generate ₹1,175 crore in revenue. The company is also advancing three large integrated townships. Source link...
UP-RERA has fined three real estate projects ₹5 lakh each for promoting and selling units without mandatory RERA registration. The authority found 'Estate 105', 'Sobha Rivana', and 'Avikalp Estate' in violation of the Real Estate (Regulation and Development) Act, 2016. This action underscores RERA's commitment to curbing unauthorized promotions and safeguarding...
WeWork India has secured a significant managed office agreement with TMUS India for a 250,348 sq ft workspace in Hyderabad, encompassing 1,507 workstations. This 60-month contract, valued at approximately ₹475.49 crore, will see WeWork design, develop, and manage the space, with completion anticipated by May 2026. Source link...
Gulshan Group plans a ₹3,300 crore investment in five NCR projects for FY26-27, including a Taj-branded hotel and serviced apartments in Noida. This strategic move targets both luxury and mid-income housing, responding to Noida's maturing premium market and demand for quality hospitality. Source link...
Karnataka's Deputy Chief Minister DK Shivakumar has requested the central government to review and relax building height restrictions around Bengaluru's aviation facilities. Citing impacts on urban development and real estate, the state seeks parity with cities like Hyderabad and Mumbai, where higher building limits are permitted. The Union Minister has indicated he will discuss the matter...
The National Company Law Tribunal has green-lighted Adani Enterprises' acquisition of Jaiprakash Associates with a deal worth Rs 14,535 crore. With this bid, Adani Enterprises emerged as the leading contender for the struggling infrastructure firm, which holds a valuable portfolio that spans real estate, cement, and hospitality sectors. Source link...
RSVM Hospitality has secured a significant land deal in Thane. The company acquired over 18.6 acres for more than Rs 498 crore from Neterwala Group entities. This large transaction occurred in Majiwada, Thane district. Such acquisitions are fueling future residential and mixed-use developments in the Mumbai Metropolitan Region. Thane's real estate market is experiencing strong growth. Source...
The Enforcement Directorate (ED) on Monday carried out search operations at the residential and office premises of real estate firm Mantri Developers Private Limited and its directors in Bengaluru in connection with a money laundering investigation, officials said. Source link...