Sun, Jan 12, 2025 9:59 PM
Sunteck Realty sale bookings up 40% to Rs 635 crore in Q3 FY25
A Flip by Shubhangi Gupta
The slum rehabilitation authority (SRA), Brihanmumbai confirmed the appointment of Oberoi Realty as the developer in respect of the slum rehabilitation scheme for lands admeasuring approximately 10,300 sq meter situated at Bandra Reclamation, Mumbai. The said land is owned by Maharashtra Housing and Area Development Authority (MHADA).
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Punjab & Sind Bank, the lead lender of Supertech Township Projects, has rejected the settlement proposal and NCLAT will now take a final decision on the insolvency of the debt-ridden realty firm. Counsel representing Ram Kishore Arora, the suspended director of the realty firm informed NCLAT on Thursday about the rejection of the settlement proposal.
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The Lucknow Development Authority's e-auction garnered over Rs 450 crore, with 59 out of 325 properties sold, fetching bids three times their reserve prices, driven by strong demand for commercial plots. The auction saw highlights such as a Rs 1.33 crore plot selling for Rs 4.48 crore and a Rs 100-crore group housing plot.
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