Vedanta to demerge real estate business into Vedanta Property Platforms

Vedanta’s board has approved a draft scheme of arrangement to demerge its real estate business into Vedanta Property Platforms. The surplus real estate portfolio comprises about 2,200 acres of land and about 55,000 sq ft of residential and commercial properties.

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SC stays issuance of work order till Aug 13 in Bandra, Worli cluster redevelopment projects

The Supreme Court has temporarily halted work orders for cluster redevelopment projects. These projects involve 132 acres in Bandra Reclamation and Worli areas. Housing societies had challenged the government's decision to redevelop these lands. The apex court will hear the matter again on August 13. Until then, no work orders for the redevelopment will be issued.

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Bombay HC quashes PMLA case against D B Realty, its managing director

Bombay High Court quashed a money laundering case against D B Realty and Vinodkumar Goenka. This criminal proceeding was linked to the Maharashtra Sadan construction controversy involving Chhagan Bhujbal. The court accepted arguments that transactions did not constitute proceeds of crime. The Enforcement Directorate had not challenged discharge orders for other parties in the case. This ruling effectively ends the money laundering allegations against the company and its director.

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Lloyds Realty leases 1.82 lakh sq ft office tower in Mumbai to Smartworks

Lloyds Realty Developers has leased the entire 1.82 lakh sq ft of The Square in Andheri East, Mumbai, to Smartworks for 15 years. The transaction is expected to generate rental revenue of over ₹600 crore during the lease tenure.

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Haryana: HSVP official’s presence mandatory for registration of auctioned plots

Following a change in procedure introduced by the revenue department, the presence of an HSVP official at the tehsil office to complete the registration of sale deeds is a must.

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SC asks Parsvnath Developers to file report on pending cases against it

The Supreme Court ordered Parsvnath Developers to submit a status report on pending cases. The court also directed the firm to finish a homebuyer's dwelling unit within one week. Parsvnath Developers had previously deposited the required amount with interest with the registry. The bench warned of imprisonment if the company directors fail to comply with orders. This action follows a prolonged struggle by senior citizens for their homes.

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Virat Kohli, Anushka Sharma buy ₹18.29 crore apartment in Mumbai’s Versova

Virat Kohli and Anushka Sharma have bought an apartment in Godrej Skyshore, Versova, Andheri West, for ₹18.29 crore, according to documents accessed by Zapkey. The apartment has a RERA carpet area of 245.71 sq metres, including adjacent exclusive area, and comes with three car parking spaces.

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