aditiya estates

Adani’s bid for posh Aditya Estates in Delhi is approved by NCLT

Adani Group has won a bid to purchase Aditya Estates Pvt Ltd, which owns a small 3.4-acre residential property close to Mandi House, in the heart of the country, through an insolvency process amounting to 400 crores in whole. The National Company Law Tribunal’s (NCLT) Delhi-based Principal Bench has approved Adani Properties ‘ resolution plan…
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residential real estate

KONE Elevator expects a lift from growing markets in residential and commercial real estate

The Government’s emphasis on the infrastructure sector is also expected to support development KONE Elevator India, a wholly-owned KONE Company, expects a slow pick-up in demand after residential real estate recovery and steady commercial market expansion. The government should also support growth in focussing on the infrastructure sector. The elevators industry in India expanded by…
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Real estate

what is real estate? Real estate is a property consisting of land and its buildings, as well as the land’s natural resources, including uncultivated flora and fauna, farmed crops and livestock, water, and any other mineral deposits. Comprise real estate Real estate is both a tangible asset and an immovable type. Examples of real property…
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IBC: People’s FPCE forum opposes the establishment of a minimum number of homebuyers in real estate to push NCLT

 People’s forum FPCE wrote to a parliamentary panel on finance, opposed an amendment to the insolvency law seeking to require a minimum number of flat owners to petition the National Company Law Tribunal (NCLT) against default builders. In December a decree was promulgated in this regard. In a real estate project, whichever is less, it…
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