Jaypee Insolvency: 4 Bidders Queue Up To Acquire Jaypee; No Respite For Homebuyers Yet
Debt-laden real estate company Jaypee Infratech can soon be bought out. Four companies, including Adani Group, JSW, Suraksha Asset Reconstruction Company and a consortium comprising Kotak Realty Fund and Cube Highways, have shown interest in the company. Sources say, Adani Group is the highest bidder claiming Jaypee assets.
Amrapali Saga: Wait Till Buyers' Claims Are Settled, SC Tells Banks
While crisis-hit real estate company Amrapali Group has assured the top court on delivering 10,647 units in a matter of 3-15 months, the Supreme Court on March 15 directed the company to hold meetings with homebuyers and arrive at a consensus on several aspects. The apex court has also said claims of the banks which have to recover their money from the insolvency-hit real estate major would be settled at a later stage after buyers' issues are solved.
How Navi Mumbai Airport Will Change Realty For Better
The Navi Mumbai Airport Private Limited has announced that the international airport will be designed by the celebrated Zaha Hadid Architects. The architect firm will design the Terminal 1 and the ATC Tower of the airport. The London-based architect firm was selected after a 12-week design competition, which witnessed international architect firms participating.