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...
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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...
Insolvency process against Raheja Shilas project in Gurugram to continue, says NCLAT
The National Company Law Appellate Tribunal (NCLAT) has declined Raheja Developers’ plea to close the insolvency resolution process against its project Raheja Shilas in Gurugram, after observing that the issues...
NCLAT reverses insolvency proceedings against Vatika Ltd
NCLAT has reversed the National Company Law Tribunal (NCLT) order of initiation of insolvency proceedings against Gurgaon-based real estate developer Vatika Ltd. The matter pertained to proceedings initiated under the...
ArisInfra Solutions to merge with ArisUnitern RE Solutions
ArisInfra Solutions Limited (ARIS), one of India’s leading tech-enabled supply and services companies for the construction and real estate sectors, has approved the amalgamation of ArisUnitern RE Solutions, its...
NCLT allows withdrawal of insolvency proceedings against ATS group project
The National Company Law Tribunal has allowed the withdrawal of ATS Group’s premium Noida project ATS Knightsbridge from the corporate insolvency resolution process (CIRP), giving relief to homebuyers. The withdrawal...