real estate news
Oberoi Realty Consortium Secures Letter of Intent for Hotel Horizon with Rs 919 Crore Resolution Plan
Oberoi Realty, in collaboration with Shree Naman Developers and JM Financial Properties and Holdings, has secured a Letter of Intent (LOI) for the acquisition of Hotel Horizon Private Limited (HHPL). The resolution plan, approved by the Committee of Creditors (CoC), involves a total payment of Rs 919 crore for full ownership.
real estate news
Oberoi Realty Consortium Secures ₹919 Crore Deal for Hotel Horizon in Mumbai's Juhu
Oberoi Realty Limited, a prominent real estate firm, has announced the approval of its resolution plan by the Committee of Creditors (CoC) of Hotel Horizon Private Limited (HHPL). The consortium, including Shree Naman Developers and JM Financial Properties and Holdings, will pay ₹919 crore for the prime land in Juhu, Mumbai.
real estate news
JAL Insolvency: Lenders Reject Jaypee Infratech's Bid, Five Others Submit Plans
Lenders of Jaiprakash Associates Ltd (JAL) have rejected Jaypee Infratech's bid to acquire the bankrupt company. Five other companies have submitted resolution plans, including Adani Enterprises, Vedanta Group, and Dalmia Bharat Cement.
Real Estate
NCLT Approves Rs 47-Crore Resolution Plan for HBS Auto & ANC SEZ
The National Company Law Tribunal (NCLT) has approved a Rs 47-crore resolution plan for HBS Auto & ANC SEZ, a company primarily engaged in real estate development and Special Economic Zones (SEZs).
real estate news
NCLT Approves Resolution Plan for Universal Buildwell's Stalled Projects
The National Company Law Tribunal (NCLT) has approved a resolution plan to revive the stalled projects of Universal Buildwell, a leading real estate developer. This move is expected to bring new hope to homebuyers and investors who have been waiting for y
Real Estate Mumbai
NCLT Mumbai Approves ₹44.5 Crore Resolution Plan for Vidhant Realty Pvt Ltd
The Resolution Professional will oversee the execution and submit periodic updates to the NCLT. Sunblink Real Estate will take over the management of the company under the approved resolution plan.