real estate news
Vedanta Offers ₹4000 Crore Upfront for Jaiprakash Associates, Rest Over 5-6 Years
Vedanta Ltd has emerged as the highest bidder for the debt-ridden Jaiprakash Associates Ltd (JAL) with a bid of ₹12,505 crore on a Net Present Value (NPV) basis. The company will pay ₹4000 crore upfront post NCLT approval and the remaining amount over the next 5-6 years.
Real Estate
Vedanta Emerges as Top Bidder for Jaiprakash Associates with Rs 12,505 Crore Offer
Vedanta Ltd has been identified as the highest bidder for debt-ridden Jaiprakash Associates Ltd (JAL), offering a net present value of Rs 12,505 crore. The payment will be staggered, with Rs 4,000 crore paid post-NCLT approval and the balance over 5-6 years. This acquisition complements Vedanta's existing businesses and leverages JAL's assets in power, real estate, and mining.
real estate news
Vedanta Wins Jaiprakash Associates Bid with ₹12,505 Crore NPV Offer
Vedanta Ltd has emerged as the highest bidder for Jaiprakash Associates Ltd (JAL) with a ₹12,505 crore NPV offer, beating Adani Group. The payment will be made in a staggered manner over 5-6 years, with an initial ₹4,000 crore payment post-NCLT approval.
real estate news
Vedanta Secures Bid for Jaiprakash Associates with Rs 4,000 Crore Upfront Payment
Vedanta Ltd has emerged as the winning bidder for Jaiprakash Associates Ltd (JAL) with an initial payment of Rs 4,000 crore and the balance to be paid over the next 5-6 years, beating Adani Group in the auction.
Real Estate
Jet Airways to Transfer Mumbai Office Lease for ₹370 Crore Amidst Liquidation
Jet Airways, currently undergoing liquidation, has agreed to transfer its Mumbai office space lease to Parthos Properties Pvt Ltd for ₹370 crore. The transaction, subject to MMRDA approval, is being conducted under the IBC and Liquidation Regulations.
Real Estate
IBC Reforms to Boost Real Estate Projects and Protect Homebuyers
The proposed revamp of the Insolvency and Bankruptcy Code (IBC) is expected to enhance the revival of real estate projects by discouraging litigation from dissenting creditors and offering more flexibility in asset disposal and quick deals with investors.
Real Estate Mumbai
IBC Reforms to Boost Revival of Distressed Real Estate Projects
The proposed amendments to the Insolvency and Bankruptcy Code (IBC) will enhance the revival of real estate projects by discouraging litigation from dissenting creditors, providing greater flexibility to dispose of assets, and offering more freedom to strike quick deals with potential investors.
real estate news
India's Real Estate Sector: Ready for Global Competitiveness?
India's real estate sector has undergone significant legal and regulatory reforms, aiming to enhance transparency, accountability, and investor confidence. As the country looks to become a developed economy, the real estate sector plays a pivotal role.
Real Estate Mumbai
InCorp Restructuring Paves Way for India's Largest Slum Redevelopment via IBC Process
The National Company Law Tribunal (NCLT) has approved InCorp Restructuring Services LLP's resolution plan for the Darshan Group, enabling a significant slum rehabilitation project in Mumbai.
real estate news
Oberoi Realty Consortium Wins ₹919 Crore Bid for Hotel Horizon
Oberoi Realty, along with Shree Naman Developers and JM Financial Properties, has won the bid for Hotel Horizon through the IBC process, marking a significant milestone in the real estate sector.
Real Estate
Real Estate Sector Poised for Major Consolidation Around Big Builders
India's real estate market is on the brink of significant consolidation, with a growing trend of customers favoring Grade A developers known for their quality and reliability.
Real Estate
Real Estate Sector Poised for Major Consolidation Around Big Builders
India's real estate market is on the brink of significant consolidation, with a growing trend of customers favoring Grade A developers known for their quality and reliability.
Real Estate Mumbai
India's Secondary Real Estate Market Expands to 43% by FY25: Square Yards
The secondary real estate market in India has seen significant growth, with its share expected to rise from 38% pre-pandemic to 43% by FY25, according to Square Yards.
Real Estate Mumbai
Transforming Real Estate Insolvency in India: A Comprehensive Overview
Explore the recent advancements in the real estate insolvency sector in India, despite the lack of specific legislation. Discover how innovative solutions and legal frameworks are shaping the future of this critical industry.
Real Estate
NCLAT Directs PNB to Refund Rs 4.5 Crore to Vegan Colloids Liquidator
The National Company Law Appellate Tribunal (NCLAT) has directed Punjab National Bank (PNB) to refund Rs 4.5 crore to the liquidator of Vegan Colloids Ltd. This ruling underscores the importance of adhering to the Insolvency and Bankruptcy Code (IBC) and protects the interests of creditors and other stakeholders.
real estate news
Navigating Insolvency and Real Estate: Insights from Advocate Pranav Gupta
In an exclusive interview, Advocate Pranav Gupta shares his insights on navigating the complex world of insolvency and real estate. With hands-on experience in the Insolvency and Bankruptcy Code (IBC) and real estate firms, Gupta provides valuable advice for professionals and investors alike.
Real Estate Mumbai
Key Moments and Takeaways from AIBC Eurasia 2025 in Mumbai
The AIBC Eurasia 2025 conference in Mumbai brought together leading experts in the real estate and investment sectors, offering valuable insights and opportunities for attendees.
Real Estate
Pioneer Channel Factory Seeks Insolvency Protection Under IBC: Real Estate Sector Implications
Pioneer Channel Factory has filed for insolvency under Section 10 of the Insolvency and Bankruptcy Code (IBC). This move raises questions about the preparedness of the IBC to handle default cases by real estate companies.
Real Estate
Do NCDRC Penalties Qualify as 'Debt' Under the IBC, 2016? Supreme Court Provides Clarity
The Supreme Court of India has recently ruled on whether penalties imposed by the National Consumer Disputes Redressal Commission (NCDRC) can be classified as 'debt' under the Insolvency and Bankruptcy Code, 2016 (IBC). The decision has significant implic
Real Estate
Understanding the Insolvency Process for ATS Infrabuild Over Rs 5-Crore Default
ATS Infrabuild, a prominent real estate developer, is facing insolvency proceedings due to a non-payment of Rs 5 crore related to 50 non-convertible debentures (NCDs). This article delves into the background of the company and the implications of this fin