Realty developer Oberoi Realty is in talks with Marriott International for a 120-room luxury five-star hospitality project as part of its total 1.8-millionsq-ft mixed-use project in Mumbai’s Worli locality
"Hindustan Construction Co Ltd (HCC) won a challenge in the Supreme Court of lndia for setting aside Section 87 of the Arbitration and Conciliation Act... In HCC's case, the company will now be in a position to execute awards amounting to about Rs 1,584 crore which were impacted by Section 87," the construction firm said in a statement.
The project entails the development of Bundelkhand Expressway Project (Package-VI) from Bakhariya to Kudrail Access Controlled (Greenfield) Expressway Project in Uttar Pradesh on (Engineering, Procurement, and Construction) basis. The project which is 45.28 km in length is to be completed in three years
JMC Projects (India) has bagged, "institutional and commercial building projects in east and south India totalling Rs 615 crore," the company said in a filing to BSE. The company, a subsidiary of Kalpataru Power Transmission, undertakes projects pertaining to civil engineering and engineering, procurement and construction works.
Earlier this week, the company had said ACL had submitted its bid to the National Highways Authority of India (NHAI) for the said project, and had emerged as the lowest bidder at the financial bid opening meeting held on November 18, 2019.
The Delhi International Airport Ltd (DIAL), a GMR-led consortium, has received green nod from the Environment Ministry for the development of two commercial buildings in Aerocity at an investment of about Rs 1,310 crore
Email queries sent to Cube Highways and Autostrade remained unanswered till as of press time. IL&FS declined to comment on the matter. The IL&FS board is looking to address half of the company’s Rs 97,000-crore debt through asset monetisation. It sold seven wind energy assets to existing partner Orix of Japan for an equity value of Rs 593 crore.
As per the combination notice filed with CCI, the transaction involves acquisition of shares through two separate share purchase agreements. While Adani is buying 13.5 per cent stake in Mumbai International Airport from Bid Services Division, the rest 10 per cent has been acquired from ACSA, as per the notice said.
The report points out that buyers spent a total of £2.06 billion on super-prime (£10 million-plus) properties in London in the year to May 2019. This was marginally higher than a figure of £2.05 billion in the previous 12 months. However, higher-value sales are increasing, as high net worth individuals target London and take advantage of the weak pound.
In the first round of insolvency proceedings, the Rs 7,350 crore bid of Lakshdeep, part of Suraksha Group, was rejected by lenders. Lenders of Jaypee Infratech will now meet on November 18 to discuss the bids of NBCC and Suraksha Realty, which are expected expected to be submitted by the end of this week.
Crisis-hit Jaypee group firm Jaypee Infratech went into insolvency in 2017 after the National Company Law Tribunal (NCLT) admitted an application by an IDBI Bank-led consortium seeking resolution of the firm.
The government on Wednesday approved a Rs 25,000-crore fund to help complete over 1,500 stalled housing projects, including ones that have been declared NPAs or admitted for insolvency proceedings, as it looks to boost growth by steering consumption in real estate and associated sectors. The move is likely to help 4.58 lakh housing units across the country.