Real Estate
Raymond Realty Expands with New Entity: Chembur Realty Limited
Raymond Lifestyle's board has approved the establishment of a new entity, Chembur Realty Limited, to focus on new real estate projects. This strategic move is part of the company's corporate restructuring initiative.
real estate news
Runwal Developers to Transform Real Estate with Major IPO
Runwal Developers, a leading real estate firm, is set to raise Rs 2,000 crore through an Initial Public Offering (IPO). The funds will be used for debt repayment and general corporate purposes. The company has a strong portfolio and a solid financial performance in FY25.
Real Estate
Income Tax Survey on Raymond's Real Estate Arm
The Income Tax department is conducting a survey action on entities linked to the Raymond group, with a specific focus on its real estate business.
real estate news
Income Tax Survey on Raymond's Real Estate Arm: What You Need to Know
The Income Tax Department is conducting a survey action on Raymond's real estate business. Here’s what you need to know about the ongoing proceedings and the company's response.
Real Estate Pune
India's Flexible Office Space to Surpass 100 Million Sq Ft by 2026: Cushman & Wakefield
India's flexible office stock is set to exceed 100 million square feet by 2026, driven by Bengaluru, Delhi-NCR, Pune, and Hyderabad, making it the largest flexible workspace market in the Asia-Pacific region.
Real Estate
Exploring Real Estate Law Opportunities: A 2025 Grad’s Dilemma
A 2025 law graduate from Tamil Nadu seeks advice and leads for real estate and corporate law internships in Chennai. Despite a strong background in IP law, the student is looking to pivot and gain experience in new areas.
Real Estate Mumbai
Alumil India Unveils New State-Of-The-Art Corporate Office in Navi Mumbai
Alumil India, a leading provider of high-quality window and door architectural aluminium systems, has inaugurated a 10,000 sq. ft. corporate office in Navi Mumbai. The office includes a 5,000 sq. ft. experience centre, reinforcing the company's commitment to the Indian market.
Real Estate Mumbai
68 Crore Corporate Fraud Case Registered Against Rizvi Estate & Hotels Pvt Ltd Directors
A ₹68 crore corporate fraud case has been registered against the directors of Rizvi Estate & Hotels Pvt Ltd, involving the fraudulent transfer of shares using forged documents.
Real Estate Mumbai
Mumbai Fraud: Builder's Relative Booked in ₹68 Crore Share Fraud Case
The Economic Offences Wing (EOW) of Mumbai police has exposed a significant share fraud involving close relatives of renowned real estate builder Akhtar Rizvi. The case, involving forged documents and a fraudulent gift deed, has raised concerns about corporate governance and oversight.
Real Estate Pune
Pune-Based Real Estate Player Raises Governance Concerns with Merger Plan
A Pune-based real estate player is planning a court-approved merger with its eight-month-old subsidiary, raising significant corporate governance concerns. The deal, valued at INR545 crore, could significantly enrich the promoters at the cost of public shareholders.
Real Estate Pune
Pune Real Estate Firm Seeks Merger with Subsidiary: Another Satyam-Maytas Scenario?
Pune-based real estate player EFC (I), acquired by Umesh Sahay and Abhishek Narbadia in April 2022, is proposing a merger with its own subsidiary, Whitehill Interior. The move, which will be voted on in a court-convened meeting on September 15, has raised corporate governance concerns.
real estate news
Info Edge Investigates Whistleblower Complaint in 99acres Real Estate Unit
Info Edge (India) Limited has received a whistleblower complaint alleging policy violations in its 99acres real estate business. The company's board has appointed an external law firm to conduct a thorough investigation, with no financial impact reported so far.
Real Estate
Vedanta Outbids Adani Group with ₹17,000 Cr Offer to Acquire Jaiprakash Associates
Vedanta Group has emerged victorious in the bid to acquire debt-ridden Jaiprakash Associates (JAL) for ₹17,000 crore, surpassing Adani Group. JAL, known for its interests in real estate, cement, power, hotels, and roads, entered insolvency proceedings after defaulting on loan payments.
Real Estate
Vedanta Emerges as Highest Bidder for Jaiprakash Associates in Major Insolvency Resolution
Vedanta Group has outbid Adani Group and others, securing Jaiprakash Associates Ltd (JAL) in a significant insolvency resolution. The deal, worth ₹12,510 crore, aims to resolve JAL's massive debt of ₹57,185 crore and offers Vedanta a diversified portfolio of assets.
Real Estate
The Team India Jersey Curse: A History of Corporate Sponsorship Turmoil
The chest of the Indian cricket team’s jersey is one of the most coveted advertising spaces in India. However, a look at the history of its lead sponsors reveals a pattern of financial and legal struggles, leading to whispers of a ‘Team India Jersey Curse.’
Real Estate Mumbai
Employee's Bold Two-Word Reply to Boss Amid Mumbai Floods Goes Viral
During Mumbai's heavy floods, an employee's blunt refusal to come to the office in a group chat has gone viral, earning her the title of 'corporate baddie'.
Real Estate Mumbai
CMS IndusLaw Welcomes Abeezar Faizullabhoy and Two Partners from Argus
CMS IndusLaw has bolstered its Disputes Resolution Practice in Mumbai with the addition of Abeezar Faizullabhoy, Murtaza Kachwalla, and S.M. Algaus, all senior partners from Argus Partners.
Real Estate
Jaypee Cement Assets Up for Bids in Major Insolvency Process
Debt-ridden Jaypee Cement Corporation Limited (JCCL) has initiated a corporate insolvency resolution process (CIRP), inviting bids for its 1.2 million-tonne cement capacity and associated assets. This move could significantly reshape India’s cement sector.
Real Estate
Sumadhura Group Leases 5 Lakh Sq Ft to Global Corporates in Bengaluru, Eyes ₹50 Crore Annual Revenue
Bengaluru-based real estate giant Sumadhura Group has leased 5 lakh square feet of premium commercial space at its Sumadhura Capitol Towers in Whitefield to major global corporates, generating an annual rental revenue of ₹50 crore. This move underscores the robust growth of Whitefield as a prime commercial hub.
Real Estate
Rustam Mulla Joins Veritas Legal as Senior Partner: A Strategic Move in the Legal Industry
Rustam Mulla, a renowned legal expert with extensive experience in Real Estate and General Corporate matters, has joined Veritas Legal as a Senior Partner. This move is expected to significantly enhance the firm's capabilities in key practice areas.