Digital real estate platform Blox has acquired an 11% stake in advisory firm the Guardians for $12 million or over Rs 101 crore, with plans to increase its ownership to 50% over the next three years. This acquisition...
HDFC Bank to divest HDFC House, other realty assets
In a major strategic move, HDFC Bank has decided to divest several key commercial properties inherited during its 2023 merger with its mortgage-lender parent, HDFC, said persons with direct knowledge of the development...
Bhutani Group acquires Logix City Center in Noida
Noida’s Bhutani Group has acquired Logix City Center, an 1.2 million sq ft of retail, office and hospitality asset for close to Rs 1,000 crore, two people aware of the development said. The company had earlier acquired...
Macrotech Developers to buy out Bain Capital’s stake in 3 joint entities
Realty developer Lodha, listed as Macrotech Developers, has entered into agreements for acquisition of the stake held by Bain Capital in its three different joint entities under the Digital Infrastructure Platform for...
NCLT junks plea against Shapoorji Pallonji
A bankruptcy court in Mumbai has rejected an insolvency application filed against Shapoorji Pallonji & Co by an operational creditor. The Mumbai bench of the National Company Law Tribunal (NCLT) said the Insolvency...
Temasek-backed Manipal Health buys hospital in Mumbai’s Andheri for Rs 415 cr
Singapore’s global investment company Temasek Holdings-backed Manipal Health Enterprises’ Manipal Hospitals has acquired a five-storey hospital property in Mumbai’s western suburb Andheri for Rs 415 crore...
Kalpataru Projects International to sell stake in Vindhyachal Expressway for Rs 775 cr
Kalpataru Projects International Ltd (KPIL) on Wednesday signed definitive agreements with Actis Atlantic Holdings to sell its 100 per cent stake in Vindhyachal Expressway for Rs 775 crore. The completion of sale is...
NCLT initiates insolvency proceedings against Jupiter Landscapes over Rs 573 cr debt
The National Company Law Tribunal (NCLT) has ordered the initiation of corporate insolvency resolution process (CIRP) against realty developer Jupiter Landscapes following its default on repayments of non-convertible...
Supreme Court allows NCLAT to consider NBCC proposal for 17 stalled projects of Supertech Ltd
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...
