Lavasa Corporation, India’s first private hill town project, is up for sale again. Creditors aim to recover their dues. Six takeover bids have been submitted, ranging from ₹500 crore to ₹850 crore. Welspun Group placed the highest bid. Other bidders include Ashdan, Pride Purple, Macrotech Developers, DB Corp subsidiary Valor, Jindal Steel and Power Group, and Yogayatan Group.
₹8.5 crore for a 5 BHK apartment in Mumbai’s Borivali sparks social media reactions
Despite property listings touching the roof, Borivali remains more affordable than Mumbai’s priciest areas like Pali Hill and Worli, according to local brokers