Adani Group wins lenders' nod for Jaiprakash Associate takeover

In a crucial turnaround for Jaiprakash Associates, Adani Group has clinched the majority support from lenders for a takeover offer worth Rs 14,535 crore, which brings an enticing upfront payment to the table. This strategic acquisition indicates a pivotal moment for Jaiprakash, which has been grappling with significant debt.

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IBBI moots resolution gains for all affected homebuyers

The insolvency watchdog has proposed extending resolution benefits to all homebuyers of bankrupt real estate developers, regardless of claim filing. This move aims to ensure fairness and parity for thousands of allottees. Stricter disclosures, safeguards for committees without financial institutions, and documented liquidation reasons are also suggested.

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Jaguar Land Rover leases 1.46 lakh sq ft space at Brigade Tech Gardens, Bengaluru

Jaguar Land Rover India has leased a significant office space in Bengaluru. This expansion at Brigade Tech Gardens marks a major deal driven by global capability centers. The automaker's presence in the city grows substantially. This move highlights the continued demand for specialized talent hubs in automotive research and development.

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Blackstone-backed REIT eyes Diamond Plaza mall buyout

Nexus Select Trust, backed by Blackstone, is in advanced talks to acquire Diamond Plaza mall in Dum Dum for an estimated Rs 450-600 crore. This potential acquisition follows the REIT's recent purchase of South City Mall for Rs 3,250 crore. The deal signifies Nexus Select Trust's continued expansion in India's retail real estate market, particularly in the eastern region.

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Mumbai: JVPD bungalows giving way to buildings as families grow & FSI up four times

Once a tranquil enclave for Bollywood stars, JVPD is now undergoing rapid redevelopment, transforming from low-rise bungalows to luxury high-rises. This shift, driven by rising property prices and changing family needs, has led to increased density, reduced open spaces, and strained infrastructure, raising concerns about the city's unsustainable future.

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Noida authority issues notice to ATS Homes for Sports City delay

Noida Authority has issued a notice to ATS Homes for lease violations and delays in the Sports City project. The developer owes Rs 2,746 crore in dues. Construction is incomplete, and sports facilities remain unbuilt. This action follows court directives and a CAG audit. ATS Homes disputes the Authority's claims, citing court orders.

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Noida authority seals three towers at Lotus Panache for ₹700 crore dues & illegal construction

Noida Authority has sealed three under-construction towers and ten commercial outlets at the Lotus Panache project. This action follows dues amounting to Rs 703 crore and illegal construction without approval. The developer, Granite Gate Properties Pvt Ltd, is undergoing insolvency proceedings. The Authority acted after the developer continued construction despite a public notice about pending dues.

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