Mahagun Group has entered into a settlement with IDBI Trusteeship Services that had initiated insolvency proceedings against the real estate developer, giving hope to homebuyers associated with its ongoing project in...
Suraj Estate Developers inks pact to acquire Hally Pacific
Suraj Estate Developers announced that it has entered into an agreement to acquire a 100% stake in Hally Pacific, to undertake the development of plot situated in Prabhadevi, Mumbai. Hally Pacific incorporated to carry...
Lodha Developers buys 80% stake in Pune-based SRPL for Rs 294 crore to expand business
Realty firm Lodha Developers Ltd has acquired an 80 per cent stake in Pune-based Solidrise Realty for Rs 294 crore, as part of its expansion plan. Mumbai-based Lodha Developers Ltd is one of the leading real estate...
RMZ to pick up 50% stake in Signature Global’s Gurugram project for Rs 1,283 cr
Bengaluru-based RMZ has agreed to invest Rs 1,283 crore for a 50% stake in a commercial project of NCR-based Signature Global in Gurugram. The two companies plan to infuse a total nearly Rs 5,000 crore into the project...
Bankruptcy court orders insolvency proceedings against Gurgaon-based builder
The bankruptcy court has ordered the admission of a Gurgaon-based real estate developer under the corporate insolvency resolution process (CIRP) in an application filed by IDBI Trusteeship Services after the company...
New Zealand’s Fletcher Building to sell construction arm to French builder
New Zealand’s Fletcher Building said on Tuesday it will sell its construction division to a unit of French infrastructure firm VINCI SA for NZ$315.6 million ($182.76 million). The construction arm is one of...
NCLT approves Poonawalla Finance demerger splitting lending, real estate business
The National Company Law Tribunal (NCLT) has approved a composite scheme of arrangement involving Poonawalla Finance and its real estate entities, clearing the way for a multi-step demerger aimed at splitting the...
Kalpataru Projects International sells Vindhyachal Expressway for Rs 775 crore
Kalpataru Projects International on Friday said it has sold 100 percent equity stake in its arm Vindhyachal Expressway to Actis for Rs 775 crore. The definitive agreement(s) were executed on October 9, 2024, to transfer...
Sankey Prasad acquires 100% stake in Colliers Project Leaders Middle East
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...
