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.
Raymond Realty to debut on stock exchanges on July 1, to focus on real estate projects with a 20% profit margin
Raymond Realty Ltd, the real estate arm of Raymond Group, has announced that it will list on Indian stock exchanges on July 1, following its demerger