Mahindra Lifespace to redevelop 1.5 acre housing society in Mumbai; eyes ₹1,010 cr revenue

Mahindra Lifespace, a real estate arm of Mahindra Group, has a development footprint spanning 53.30 million sq ft (saleable area) of completed, ongoing and forthcoming residential projects across seven Indian cities. Source: Business Line…

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NCLT dismisses Brookfield’s ₹1,080 crore bid to acquire IL&FS Mumbai HQ

A spokesperson from Brookfield said that contrary to the argument by ILFS, NCLT has found that the LoI is a concluded contract between the parties. For the dispute over IL&FS unilaterally changing purchase consideration, it intends to pursue remedies including appellate avenues. Source: Business Line…

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Godrej Properties buys 5 acre land in Hyderabad to build Rs ₹4,150 crore worth housing project

In a regulatory filing on Monday, the company stated that it participated in an e-auction conducted by the Hyderabad Metropolitan Development Authority for a land parcel measuring approximately 5 acres in Neopolis, Kokapet Source: Business Line…

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