The Supreme Court on Tuesday allowed the National Company Law Appellate Tribunal (NCLAT) to examine and decide a proposal of the state-owned NBCC seeking to complete embattled realty major Supertech Limited’s 17...
NCLAT grants Supertech Township projects two weeks to submit settlement proposal
The Insolvency Appellate Tribunal (NCLAT) has given additional time to Supertech Township Projects, a real estate firm in financial trouble, to circulate a settlement proposal to its lenders and homebuyers. Ram Kishore...
DRA Homes acquire residential development at Marina Mall
DRA Homes, a Chennai-based real estate developer, has acquired Marina Mall’s residential development project, the prestigious Marina Mall in OMR, Chennai, for Rs 25.10 crore. YuBi, a FinTech platform, funded the...
Country Garden Services to sell stake in Zhuhai Wanda for $446 mln
Country Garden Services, the property services arm of Chinese property developer Country Garden, said on Wednesday it agreed to sell its 1.49% stake in Zhuhai Wanda Commercial Management for 3.14 billion yuan ($446.54...
Country Garden Services to sell stake in Zhuhai Wanda for $446 mln
Country Garden Services, the property services arm of Chinese property developer Country Garden, said on Wednesday it agreed to sell its 1.49% stake in Zhuhai Wanda Commercial Management for 3.14 billion yuan ($446.54...
Macrotech Developers buys out Ivanhoé Cambridge’s stake in 3 joint entities
Realty developer Lodha, listed as Macrotech Developers, has bought out the stake held by a company of Ivanhoé Cambridge in its three different joint entities for a consideration of Rs 239.56 crore. In line with the...
Legal & General sells UK housebuilder CALA Group in $1.8 bln deal
Legal & General has sold its UK housebuilder CALA Group in a deal worth 1.35 billion pounds ($1.78 billion) to an acquisition vehicle led by U.S. private assets firm Sixth Street Partners, as the latter steps up its...
NCLT approves acquisition of Radius Estates by Adani-owned Bridgeport Realtors
The National Company Law Tribunal (NCLT) has approved the acquisition of Radius Estates and Developers by Bridgeport Realtors, a subsidiary of Adani Group entity Adani Goodhomes, through a scheme of amalgamation. This...
Bank of Baroda approves resolution of Supertech’s Dehradun project
Bank of Baroda, one of the lender in Supertech Group has approved and sanctioned the resolution plan for company’s Dehradun project paving way for delivery of over 600 homebuyers. The company had submitted a project...
Essel Infra faces insolvency on J&K Bank’s application
Mumbai: A bankruptcy court Wednesday admitted Jammu and Kashmir Bank’s application to initiate insolvency proceedings against Essel Infraprojects Ltd, a company promoted by media baron Subhash Chandra, over what...
Macrotech Developers acquires 2 warehousing cos for Rs 96 cr
Macrotech Developers has acquired two companies operating in the warehousing sector for nearly Rs 96 crore. The realty developer has Acquired Opexefi Services and One Box Warehouse for Rs 46.67 crore and Rs 49.09 crore...
Blackstone, GIC among 10 bidders in fray for LOGOS India’s three assets
Global institutional investors including private equity major Blackstone Group, Singapore’s sovereign wealth fund GIC and Japanese shipping major Mitsui OSK Lines have bid to acquire LOGOS India’s select...
