News18 » News » Latest News News18 Evening Digest: Trump Concedes Defeat, Cong Certifies Biden Win; SC Equates Farmers' Protest With Tablighi Jamaat Meet & Other Top Stories Samsung Galaxy A51, Galaxy A71 Get Rs 2,000 Price Cut: New Prices, Specifications & More Explore more on Lavasa Corporation Ltd at Dnaindia.com. The firm changed its name to The Lake City Corporation Pvt Ltd on December 12, 2000, and around 2004 to Lavasa Corporation. Of this, Rs 1,646 crore would be repaid to banks and financial institutions who have claims of Rs 5,559 crore. The scheme will be completely online through newly-developed AWAAS software of the Delhi Development Authority (DDA) from processing of application to possession of flats, a senior official said. Get all latest & breaking news on Lavasa. The lenders to Lavasa Corporation — the company developing a hill city near Pune — will invite fresh bids for the debt-laden firm and its 49 subsidiaries, after the National Company Law Tribunal (NCLT) decided to have a single consolidated resolution plan for all of them. They are not undergoing CIRP and, therefore, NCLT said the consolidated committee of creditors (CoC) of Lavasa Corporation, WAML New Delhi: Construction firm HCC's real estate firm Lavasa Corporation will face insolvency proceedings with the NCLT on Thursday admitting plea of lenders of the debt-ridden realty … Find the latest KLA Corporation (KLAC) stock forecast based on top analyst's estimates, plus more investing and trading data from Yahoo Finance Stocks rallied on Thursday as … Avantha Group has 17.18 per cent stake, while Venkateshwara Hatcheries has … Lavasa Corporation: Read Lavasa Corporation Latest News also find Videos, Photos and information about Lavasa Corporation from ZeeBiz.COM. Read Breaking News, opinion, analysis on lavasa corporation updated and published at Down To Earth. The company reported net income of Rs 2472.78 crore in the said quarter, a growth of 6 per cent from Rs 2327.84 crore it recorded in the similar quarter last year. We give our readers/viewers an opportunity to watch and read the news. Last year a consortium led by Haldiram Snacks and two property developers, namely Pioneer Facor IT Infradevelopers and Sanar Property had expressed interest in bidding for the hill city. Maharashtra cabinet approves 50% reduction in premium for real estate projects under the new DCPR rule 2034 across the board for on-going and new projects upto December 31, 2021. Residents of Lavasa told TOI that the Oberoi Group and Interups Inc had put out their EoI on December 27 and January 6, respectively. It added that complaints for compensation for a delay of six to seven years in possession of these apartments could be decided by the adjudication officer under MahaRera, the state's real estate regulatory authority, Lavasa was formulated under the hill station policy after the state government realized that large tracts of land could be developed and to decongest the hill stations of Mahabaleshwar and Matheran, BSE had sought clarification from Hindustan Construction Company earlier in the day following reports about Lavasa's networth, Its net income also grew 8% year-on-year during FY18 and stood at Rs 4,826 crore. Sources said that there are six to seven new companies that have submitted their Expression of Interest, while some bidders are in talks about opting for a joint bid on the project. The citizens have written to the ministry of housing and urban affairs and the Prime Minister’s Office to personally look into the revival of the project as they have invested their life’e earnings and have nowhere to go. The Haldiram-led consortium has offered Rs 2,125 crore against total claims of Rs 8,716 crore. Lavasa Corporation: Get all the Latest News, Pictures, Videos and Special Report about Lavasa Corporation by mint. ashok lavasa News: Latest and Breaking News on ashok lavasa. We use cookies to ensure the best experience for you on our website.If you choose to ignore this message, we'll assume that you are happy to receive all cookies on ET RealEstate. Finance Secretary Ashok Lavasa:Find latest news related to Finance Secretary Ashok Lavasa, Photos, Videos and latest updates of Finance Secretary Ashok Lavasa, For more news update visit catchnews.com Abir Lavasa confirmed the receipt of the notice, and claimed that since the company’s books were furnished, there has been no further contact with the I-T Department. Sources said that there are six to seven new companies that have submitted their Expression of Interest, while some bidders are in talks about opting for a joint bid on the project. Get latest news on lavasa corporation. The company reported net income of Rs 2472.78 crore in the said quarter, a growth of 6 per cent from Rs 2327.84 crore it recorded in the similar quarter last year. Nourish Organic Foods, where Abir Lavasa has served as a director since November 2017, secured Rs 7.25 crore in funding from a Mauritius-based … All Rights Reserved. Lavasa Corporation: Get Lavasa Corporation Latest News, Videos and Photos also find Breaking news, updates, information on Lavasa Corporation. Deshpande confirmed the bid and said he had entered the bid in a partnership with InterUPS, a private equity firm based out New York. Uttar Pradesh government clears tenancy law to reduce owner-renter row21 hrs ago, Sebi asks how Oaktree made credit rating claims of future debt instrument in DHFL case21 hrs ago. Lavasa was brought under the purview of PMRDA in May this year . Couple in 5-year wait lodges complaint. Lavasa Corporation Limited: Get Lavasa Corporation Limited Latest News, Videos and Photos also find Breaking news, updates, information on Lavasa Corporation Limited. Of this, Rs 1,646 crore would be repaid to banks and financial institutions who have claims of Rs 5,559 crore. Latest News - Get today's breaking news from India and World. The standalone total income of the company during the March quarter dropped to Rs 1,347.86 crore from Rs 1,511.47 crore in the year-ago period. Avantha Group has 17.18 percent stake, while Venkateshwara Hatcheries has 7.81 percent stake and Vithal Maniar 6.29 percent stake. Copyright © 2021 ETRealty.com. Click "Continue" to accept and continue with ET RealEstate. "Lavasa is a very special urban development project and an initiative well … Lavasa Corporation was accorded the special planning authority status by the previous Congress-NCP government in 2008. In the monsoon assembly session held in August, State environment minister Ramdas Kadam had given PMRDA three months’ time to submit the report. Get the latest Nikola Corporation (NKLA) stock news and headlines to help you in your trading and investing decisions. We use cookies to ensure the best experience for you on our website.If you choose to ignore this message, we'll assume that you are happy to receive all cookies on ET RealEstate. The High … A unit of Hindustan Construction Company (HCC), Lavasa Corporation is responsible for the construction of the city. Built-in 2013, Lavasa Lake Palace provides its guests with the latest amenities like Wi-Fi, hot tubs, and equipped kitchen with microwave and fridge, a washing machine, vegetarian breakfast. Lavasa Corporation Ltd is promoted by Hindustan Construction Company with 68.7 per cent per cent stake. "Lavasa is a very special urban development project … The sheer size of the land and its far away location from either Mumbai or Pune are also deterrents for bidders. MUMBAI: The Bombay High Court on Tuesday said it can’t decide on Lavasa Corporation’s writ petition against the Ministry of Environment and Forest’s stop-work order in isolation, and all litigation against the company’s proposed hill station township project near Pune needed to be clubbed together. Maharashtra cabinet approves 50% reduction in premium for real estate projects under the new DCPR rule 2034 across the board for on-going and new projects upto December 31, 2021. PUNE: The lenders to Lavasa Corporation have set the final date for bidding as November 20 for those interested in taking over the operations. Read more about Haldiram, 2 others in race to buy out Lavasa for about Rs 2,046 cr on Business Standard. Please review and accept these changes below to continue using the website.You can see our privacy policy & our cookie policy. Get ETRealty's top stories every morning in your email inbox. BBC News provides trusted World and UK news as well as local and regional perspectives. Breaking news, sport, TV news and a whole lot more. Last year, HCC had also received broad approval to raise up to Rs 750 crore through QIP, which the company wanted to use it to repay debt and get it out of the CDR cell ahead of schedule. Uttar Pradesh government clears tenancy law to reduce owner-renter row, Sebi asks how Oaktree made credit rating claims of future debt instrument in DHFL case, About 50% cases of realty companies undergoing IBC resoution closed in 2020, Oaktree Capital invests Rs 425 crore in Hubtown-Rising Straits' Prabhadevi project, Dixon's Sunil Vachani buys a bungalow in Lutyens' Delhi for Rs 170 crore, Maharashtra cabinet approves 50% reduction in premium for real estate projects, MahaRERA orders Nirmal Lifestyle to pay 9% interest since 2006 for delayed flat, Asian Paints' Hasit Dani buys Rs 95-crore duplex on Carmichael Road, SC asks banks to finalise proposals to finance unfinished Amrapali projects, Ambuja Neotia, Satyaa Homes to jointly develop 72-acre township in Kolkata, Greater Noida authority to ask builders to open escrow accounts, Bankers to make last-ditch attempt to get more cash from Lavasa's bidders, Committee of Creditors to mull, finalize Lavasa takeover bids on Monday, Final bids for Lavasa Corporation scheduled on November 20, Lavasa Corporation's employees stranded, remain unpaid for months, NCLT allows consolidation of Lavasa Corporation's subsidiaries for faster resolution, Lavasa lenders to take call on Haldiram’s bid on November 14, Lavasa residents seek help from housing ministry, Haldiram-led consortium offers Rs 2,125 crore bid for Lavasa Corporation, HCC reports net loss of Rs 17.44 crore in Q1 FY20, With no serious contenders, Lavasa extends deadline to bid, Long term leases covered by RERA: Bombay HC, Pune development body asks Lavasa to modify master plan, HCC shares crash over 25%, m-cap falls by Rs 589 crore, HCC net profit up 30% at Rs 78 crore in FY18, Lavasa project row: ‘Flat buyers’ slam MahaRERA for terming them lessees, PMRDA to submit report on Lavasa by next week, HCC Q2 net profit nosedives 50% to Rs 12 crore, Homebuyer files case against Lavasa Corporation with MahaRERA, Maharashtra govt revokes Lavasa Corporation’s special planning authority status, Lavasa Corporation delays interest payment on debentures, Realty industry seeks Maharashtra like premium deduction in other states, How much money you will save after 50% cut in premiums in Maharashtra, Office leasing dips 53% in 2020 in Hyderabad: Report, Office leasing dips 19% while home sales down 51% in Bengaluru in 2020, NCR has about six years of unsold residential inventory, Home sales in eight cities dips 19% year-on-year in H2 2020: Report, Eight Indian cities record leasing of 22.2 million sq ft in H2 2020: Report, Savvy Infrastructure to invest Rs 700 crore to develop 10 lakh sq ft in GIFT City, UltraTech Cement raises Rs 1,000 crore via NCDs, D-Mart's Radhakishan Damani to acquire 8-acre Thane plot from Mondelez, DDA approves new housing scheme in 2021 with nearly 1,200 flats, Audit deadline relaxed for cooperative housing societies in Maharashtra, Hemisphere Properties' real estate to be monetised for Rs 19,000 crore, Saha Infratech directors held for duping 20 crore from buyers in Noida, Financial impetus and regulatory reforms can help grow building materials sector. 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