Real Estate Mumbai
Mordani Group and IIFL Finance: A High-Stakes Mumbai Real Estate Dispute
A significant dispute between Mumbai-based developer Mordani Group and IIFL Finance, co-founded by billionaire Nirmal Jain, has become public through a series of newspaper notices. The conflict centers around a December 2024 framework agreement and allegations of breach of contract.
real estate news
Mordani Group vs IIFL Finance: High-Stakes Real Estate Dispute in Mumbai
A public spat has erupted between Mumbai-based developer Mordani Group and IIFL Finance Ltd., led by billionaire Nirmal Jain, over a December 2024 framework agreement. Both parties have issued a series of public notices, accusing each other of breach of contract and misconduct.
Real Estate
MahaRERA Orders ₹90 Crore Recovery from Palais Royale Promoter for Delayed Possession
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed the recovery of nearly ₹90 crore from Honest Shelters Pvt Ltd, the promoter of the Palais Royale project in Worli, due to non-compliance with earlier directives regarding delayed handover of flats.
Real Estate Mumbai
MahaRERA Orders ₹90 Crore Recovery from Palais Royale Promoter in Mumbai
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has ordered the recovery of nearly ₹90 crore from Honest Shelters Pvt Ltd, the promoter of the Palais Royale project in Worli, Mumbai, for non-compliance with earlier directives regarding delayed possession of flats.