Adani Properties has emerged as the highest bidder for MHADA’s cluster redevelopment projects at Adarsh Nagar in Worli and Bandra Reclamation, while a consortium comprising Hanura Realty, Chandak Realtors, Premsagar Infra Realty and Vantier Realty has emerged as the highest bidder for the S.V.P. Nagar project in Andheri West. Source link...
The ED has arrested real estate businessman Vikram Wadhwa, the third arrest in a money laundering probe involving Rs 645 crore embezzled from Haryana government, Chandigarh administration, and two schools. Wadhwa allegedly received over Rs 70 crore in crime proceeds and played a key role in layering and concealing laundered funds. Source link...
Supreme Housing promoters have a final opportunity to settle their debt with Canara Bank. The National Company Law Appellate Tribunal has ordered a deposit of ₹460 crore by June 13. This is the third chance for the company to resolve its financial obligations. Failure to meet this deadline will allow the insolvency process to proceed. Source link...