The National Company Law Tribunal has allowed the withdrawal of corporate insolvency resolution proceedings against ATS Group’s Nobility Estates Private Limited, the developer of the premium residential project Le...
Construction
Anant Raj to evaluate demerger of data center business, appoints Anish Sarin as director
Anant Raj Ltd has constituted a committee to evaluate potential demerger for the data center business and has appointed Anish Sarin, Grandson of Ashok Sarin as Director. The company reported significant growth in...
Nexus Trust may buy Galaxy’s Guwahati project for ₹1,300 crore
Blackstone-backed Nexus Select Trust is in the final stages of acquiring Galaxy Group’s mixed-use asset in Guwahati for around ₹1,300 crore, demonstrating evident institutional appetite for consumption-themed...
Inorbit malls to acquire Prozone Group malls in Chhatrapati Sambhaji Nagar, Coimbatore
Inorbit malls, a subsidiary of K Raheja Corp, has agreed to acquire two malls of the Prozone group in Chhatrapati Sambhaji Nagar (Aurangabad) and Coimbatore for around Rs 1,300 crore. The acquisition will add close to 1...
ReaRCo acquires KV Developers through the insolvency process
Real estate asset resolution company ReaRCo Private Limited has acquired KV Developers through the insolvency resolution process, giving hope to nearly 400 homebuyers in Greater Noida who had invested in the project in...
SC asks NCLT to expedite call on Supertech oversight panel
The Supreme Court on Monday asked the National Company Law Tribunal (NCLT) to decide expeditiously whether the court-appointed committee is necessary to oversee and ensure timely completion of all 30 Supertech projects...
Mindspace REIT acquires 51% stake in 2.6-million-sq-ft Chennai IT park for Rs 1,500 cr
Real estate investment trust Mindspace Business Parks REIT has acquired 51% stake in an information technology park spread over 2.6 million sq ft in Chennai for Rs 1,500 crore. The acquisition price includes the...
NCLAT upholds project-specific insolvency action for realty firms
The National Company Law Appellate Tribunal has reaffirmed that insolvency proceedings initiated by homebuyers against realty firms must remain confined to the specific project where default has occurred and cannot...
NCLT clears merger of Nirmal Lifestyle Realty with Oberoi Realty
The National Company Law Tribunal (NCLT) has approved the amalgamation of Nirmal Lifestyle Realty with listed developer Oberoi Realty, paving the way for consolidation within the latter’s group structure as it sharpens...
NCLT clears merger of Nirmal Lifestyle Realty with Oberoi Realty
The National Company Law Tribunal (NCLT) has approved the amalgamation of Nirmal Lifestyle Realty with listed developer Oberoi Realty, paving the way for consolidation within the latter’s group structure as it sharpens...
Nexus Select Trust approves Rs 347.5 cr Kolkata mall acquisition
Nexus Select Mall Management, the manager to listed Real Estate Investment Trust (REIT) Nexus Select Trust, has approved the acquisition of a retail asset in Kolkata for an enterprise value of Rs 347.5 crore, as part of...
Real estate advisory firm Savills acquires majority stake in Hotelivate
Global real estate advisory firm Savills has acquired majority stake in Hotelivate, a leading hospitality advisory firm with presence across South Asia, at an undisclosed amount. The new entity, will operate...
