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.
Real Estate Mumbai
Godrej Properties Set to Launch Record-Breaking Bond Issue Worth $230 Million
Godrej Properties, the real estate unit of India's Godrej Industries, is planning its largest-ever bond issue, set to raise around 20 billion rupees ($230 million) through the sale of shorter duration bonds.
Real Estate Mumbai
Godrej Properties Plans Largest-Ever Bond Issue in India
Godrej Properties, a leading real estate developer in India, is set to issue its largest corporate bond to date, aiming to raise around 20 billion rupees. The company recently acquired 50 acres of land in Chhattisgarh for premium residential projects.
real estate news
Godrej Properties to Launch Largest Bond Issue in Recent History
Godrej Properties, a leading real estate developer in India, is preparing to issue its largest corporate bond to date, aiming to raise around 20 billion rupees. This move comes as the company seeks to capitalize on potentially favorable market conditions.
real estate news
Dainik Bhaskar Real Estate Conclave 2025: Tier-2 and 3 Cities Set to Lead the Next Wave of Growth
The Dainik Bhaskar Real Estate Conclave 2025 highlighted the significant capital opportunities and the potential for growth in tier-2 and tier-3 cities. Experts emphasized the importance of financial discipline, transparency, and strong corporate governance for real estate developers.
Real Estate
Q1 Earnings, Auto Sales Data, and Fed Policy to Influence Market Sentiment
Indian markets faced their longest weekly decline of 2025, with the NIFTY and SENSEX closing down for the fourth consecutive week. Factors such as foreign fund outflows, mixed corporate earnings, and uncertainties over the India-U.S. trade deal contributed to the downturn. The NIFTY ended at 24,837, down 0.3%, while the SENSEX settled at 81,463, also down 0.3%.
Real Estate Mumbai
Delhi-NCR Office Space Leasing Surges: A Closer Look at the Market Trends
Office space leasing in Delhi-NCR has more than doubled to 2.62 million square feet in the second quarter of 2025, driven by strong demand in Gurugram and Noida.
Real Estate Mumbai
AU Small Finance Bank Acquires Samir Bhojwani’s Prestigious Corporate Office in Mumbai
AU Small Finance Bank has acquired the premium standalone office tower 'Vishwas' developed by real estate developer Samir Bhojwani. The deal, valued at ₹371 crore, reflects the growing trend of corporates opting for outright commercial transactions in prime business districts.