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: Buyers, Company Staff Inspect Gr Noida Projects
Following the directive of the Supreme Court, a team of property buyers and representatives of crisis-hit Amrapali Group started the inspection of the real estate company’s housing projects in Noida and Greater Noida on March 18. While Gold Homes and Centurion Park projects in Greater Noida were inspected on Sunday, the company along with homebuyers is tasked with carrying out a similar inspection of a total of 15 projects. While 10 of these projects are in the Noida region, other five projects are being built in different parts of the country, including Bhilai, Indore and Kochi.
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.