New York Life Insurance Company invests Rs 388 crore in Max Estates' two SPVs
Upon the transaction’s close, New York Life will acquire 49% stakes in two SPVs of Max Estates that hold Max Towers and Max House (Phase I & II).
Upon the transaction’s close, New York Life will acquire 49% stakes in two SPVs of Max Estates that hold Max Towers and Max House (Phase I & II).
The NCLT, while approving the Mumbai-based firm’s bid to take over JIL, had rejected YEIDA’s claim regarding the payment of additional compensation of Rs 1,689 crore to 10,000 farmers.
An office premise in the Gomti Nagar area of Lucknow, linked to a family member of BJP MLA from Harraiya (Basti) Ajay Singh, was also covered by the agency as part of the probe against the Tulsiani Group.
Uttar Pradesh RERA took strong objection to the fourth complaint by this allottee and imposed a cost of Rs 5,000 upon him.
Jewar's economy booms with the new airport, driving land deals and rentals. Local entrepreneurs like Virendra Kumar and Himanchal Sharma seize business opportunities.
The company plans to use the proceeds to strengthen its residential portfolio, as it has lined up projects worth ₹15,000 crore for launch in 2024-25.
The newly-announced investment is over and above the first phase investment and the construction for the second phase has begun, according to a statement.
The Supreme Court will review the validity of the Income-Tax commissioner's assessment of Jaypee Infratech Ltd (JIL), which raised a claim of ₹33,000 crore.
It has offered 15% cash and 85% security receipts for the loans that include one project in Noida and another in Jogeshwari, Mumbai. Phoenix ARC was the only participant in the open auction, the source said.
The National Company Law Appellate Tribunal (NCLAT) on Monday set aside a plea seeking insolvency proceedings against Ansal Hi-tech Township Ltd filed by its homebuyers of a project in Greater Noida.
Noida Authority faces challenges as developers of only 14 out of 57 projects sign up for UP govt's rehab package. Slow progress in submitting dues affects flat registrations, despite efforts to expedite the process.