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HDFC moves NCLT to sell office space leased to Jet Air...

The NCLT wants to consider whether there are any parties who have submitted an expression of interest and whether the resolution professional (RP) of Jet Airways has found these acceptable or compliant. MUMBAI: HDFC has filed an application in the National Company Law Tribunal (NCLT) for permission to sell office space at the Bandra Kurla Complex (BKC) in Mumbai, which was lying unutilised and had been …

IL&FS eyes Rs 480 crore from sale of two towers a...

In a public notice Monday, IL&FS said it has put its two towers–Gift One and Gift Two–having a developable area of around 6 lakh sqft on the block and has invited expressions of interest from investors. MUMBAI: Bankrupt IL&FS group has put on block its entire commercial real estate assets in the Gujarat International Finance Tec-City (Gift City) for sale, which according to sources, is likely to fetch …

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Jaypee Infra management, homebuyers to discuss deliver...

The financial proposals of two bidders – Suraksha and NBCC – have failed to pass muster at the Committee of Creditors (CoC). NBCC has sought time till April 24 to submit a revised proposal. Just a fortnight before the May 6 deadline for expiry of the resolution process, an estimated 22,000 worried homebuyers of debt-ridden Jaypee Infratech will meet the management of the company on Friday …

Eccosphere plans to invest Rs 12 crore in next six mon...

​The company plans to open four new centres in NCR by 2019-end all of which will be based on revenue-share model. NEW DELHI: Eccosphere, a co-working space provider, plans to invest Rs 11-12 crore in the next six months, according to Gautam Duggal, CEO and co-founder of the company. “We have invested about Rs 9.75 crore till date,” said Duggal. The company plans to open four …


UP-RERA to deregister Primrose Infratech, MSA Develope...

The Authority will take over the unfinished projects of these builders and give the first right of completion to the buyers, officials said on Friday. GREATER NOIDA: The Uttar Pradesh Real Estate Regulatory Authority (UP-Rera) has for the first time decided to deregister six builders for failing to meet their commitments to buyers. The Authority will take over the unfinished projects of these builders and give …

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Centre approves Agra, Kanpur metro rail projects

The implementation of the metro rail system will result in less vehicular traffic and better movement on the roads leading to the reduction in congestion, travel time, cost of journey and pollution. NEW DELHI: In a boost to urban public transport, the Union Cabinet, chaired by Narendra Modi on Thursday approved metro rail projects of Kanpur and Agra cities in Uttar Pradesh. The Agra metro rail project will have …

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