Sankey Prasad, a seasoned real estate entrepreneur and advisor with a four-decade track record spanning a global portfolio, has acquired 100% ownership of the Colliers Project Leaders (CPL) business in the Middle East...
Larsen & Toubro to consolidate real estate business
Larsen & Toubro has decided to transfer its real estate business, Realty, to L&T Realty Properties, a wholly owned subsidiary of the company, through a slump sale via a scheme of arrangement. This strategic...
South Korea’s Doosan Bobcat in talks to buy Wacker Neuson
Wacker Neuson said on Tuesday that South Korea’s Doosan Bobcat was in talks to buy a majority stake in the German construction equipment maker. Doosan Bobcat, a unit of Korean conglomerate Doosan, is in...
Canada’s CPPIB, Indospace acquire six logistics parks worth $336 million
Indian warehouse developer IndoSpace and Canada Pension Plan Investment Board (CPPIB) said on Tuesday they acquired six industrial and logistics parks worth 30 billion rupees ($336.26 million) through their joint...
US-based investment firm Blackstone to acquire majority in Ritz-Carlton Bengaluru from Nitesh Land
US-based investment firm Blackstone is acquiring up to 55% stake in the entity that owns the Ritz-Carlton Bengaluru from Nitesh Land. According to people familiar with the development, if Blackstone picks up 51-55%...
NCLT extends Punj Lloyd’s liquidation by 6 months
The insolvency tribunal NCLT has extended the deadline to complete the liquidation process of engineering and construction firm Punj Lloyd by six months to March 12, 2026. The NCLT has granted an extension after...
Porr acquires parts of Fresenius’ VAMED as Strabag pulls out
Construction company Porr will acquire the Austrian project development business of VAMED and the Austrian thermal spa holdings from Fresenius as Austria’s Strabag withdrew from the deal, the companies said on...
Singapore-based Keppel set to divest Chennai’s One Paramount office park for Rs 2,750 cr
Singapore-based Keppel is set to divest its office asset One Paramount office park in Porur, Chennai, to Prime Offices Fund, managed by Nuvama Asset Management and Cushman & Wakefield (NCW), for about 2,750 crore...
Thyssenkrupp gets non-binding bid for steel unit from Jindal Steel International
Thyssenkrupp has received a non-binding bid for its steel unit from a division of Indian conglomerate Naveen Jindal Group, the German company said on Tuesday, the latest twist in the group’s years-long effort to...
CCI okays PNC Infratech’s proposal to acquire debt-ridden Jaiprakash Associates
Fair trade regulator CCI on Tuesday said it has given in-principle approval to PNC Infratech’s proposal to acquire debt-ridden Jaiprakash Associates, should it win a bid in the ongoing insolvency proceeding...
Supreme Court of India calls speculative investors ‘slow poison’ for real estate, seeks safeguards for homebuyers | Hindustan Times
In a landmark ruling with wide-ranging implications for the real estate sector, the Supreme Court of India has drawn a clear distinction between speculative investors, whom it described as ‘slow poison’, and genuine...
Valor Estate may also move NCLT to revise Lavasa offer
Valor Estate is the latest bidder likely to file a plea in the Mumbai National Company Law Tribunal (NCLT) to be allowed to revise its resolution plan for Lavasa Corp after the tribunal allowed Welspun-Ashdan Developers...
