The planned city project is undergoing a fresh CIRP after the NCLT, in September 2024, directed that the entire process be restarted, following the successful bidder's failure to implement the approved resolution plan within the specified time frame.
The decision was taken at the meeting of the committee of creditors (CoC) over the weekend after requests from some bidders for more time to submit their bids.
The space is in Taurus 4 (North Tower) block of the park, developed by Bagmane Constructions Pvt Ltd, and represents a fresh lease agreement, not a renewal or consolidation, said people aware of the development.
Samsung India has expanded its Chennai operations. The company leased 1,000 desks at WeWork's Olympia Cyberspace. The 42-month lease covers 61,230 square feet. This doubles Samsung's Chennai footprint. The move highlights Chennai's rise as a tech hub.
Tesla has leased a 24,500 sq ft office in Mumbai’s Kurla as part of its growing India presence, marking its fourth office in the country. The five-year lease, valued over ₹24 crore, follows Tesla’s recent showroom lease in BKC. These moves signal Tesla’s increasing operational focus and preparation for future manufacturing amid evolving EV policies in India.
The company will be paying monthly rentals of Rs 1.05 crore and common area maintenance (CAM) charges of Rs 12.32 lakh, translating to a blended outgo of around Rs 1.18 crore per month.
Meerut Development Authority (MEDA) has earmarked about 3,273 hectares for the TOD, out of which 2,442 hectares have been delineated into seven TOD zones and two special development area (SDA) zones around the Namo Bharat and Meerut Metro corridors.
The Centre is planning to push amendments to the Delhi Development Act which will make land pooling mandatory for all residents if a certain percentage -- 70% -- of owners of land in an area agree to pool land.
The group has approached the Mumbai bench of the National Company Law Tribunal (NCLT) to seek approval for the demerger of Kanakia Spaces Realty Pvt Ltd and Transparent Developers Pvt Ltd.
The smart city by Wave group is adjacent to NH-24 and spans over 4,200 acres and the firm had earlier sold land parcels to realty developers to raise fund.
The record-breaking deal involves a total area of 22,572 sq ft spanning the 32nd to 35th floors of 40-storey super-premium tower Naman Xana overlooking the Arabian Sea on Worli Sea Face.
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