Zomato founder buys apartment for ₹52.3 crore in DLF Camellias in Gurugram

Zomato's co-founder, Deepinder Goyal, invested Rs 52.3 crore in a luxurious 11,000 sq ft apartment within DLF Camellias, Gurugram, back in August 2022, with registration completed this March. Experts estimate the property's current value soars between Rs 125 crore and Rs 150 crore, reflecting Gurugram's surging housing market.

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Valor emerges as top bidder for Lavasa with ₹771-crore offer

Valor Estate, formerly DB Realty, has emerged as the highest bidder for Lavasa Corporation, offering ₹771.09 crore. The selection followed a competitive bidding process with ten rounds, but the deal hinges on environmental clearances, a crucial factor for lenders wary of past experiences. The committee of creditors will negotiate further and decide on the next steps.

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Adani to execute MHADA’s largest-ever 142-acre redevelopment in Mumbai’s Motilal Nagar

MHADA and Adani Properties have partnered to redevelop Motilal Nagar in Goregaon, Mumbai, in MHADA's largest redevelopment project. Adani Properties will provide a significant portion of housing stock to MHADA, offering larger homes to existing residents and rehabilitating slum dwellers. This initiative aims to modernize housing infrastructure, address civic issues, and improve the quality of life for residents.

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Adani Group submits unconditional bid for Jaiprakash Associates

Adani Group has placed an unconditional bid of ₹12,600 crore for Jaiprakash Associates amidst its insolvency resolution. Other contenders like Dalmia Bharat, Vedanta, and Jindal Power have submitted bids contingent on the resolution of a land dispute. The committee of creditors has urged all bidders to revise their financial offers for the Jaypee Group flagship firm.

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Debock Industries' owner was investing proceed of crime in real estate: ED

The Enforcement Directorate (ED) uncovered a financial fraud exceeding Rs 100 crore by Debock Industries Ltd, whose owner was investing the illicit proceeds in real estate ventures, including resorts for destination weddings near Chaksu.

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Clear ₹118 crore dues this month or we’ll cancel project: YEIDA to Greenbay Infrastructure

YEIDA has issued a final ultimatum to Greenbay Infrastructure, demanding the payment of ₹118 crore by July's end. Failure to comply will result in the cancellation of land allotment for their 100-acre township in Sector 22D.

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Punjab & Haryana HC chief justice recuses from hearing M3M's plea

Chief Justice Sheel Nagu of the Punjab and Haryana High Court has recused himself from hearing a plea by M3M's Roop Bansal to quash a corruption case. This follows the withdrawal of the case from a single judge after complaints, despite the judge having reserved judgment.

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