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India Sold His City For 1,814 Crore | Lavasa City
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#lavasa #lavasacity #pune #infratalks #maharashtra
The sale of Lavasa, India's first private hill station, to Darwin Platform Infrastructure has been approved by the National Company Law Tribunal (NCLT), which would bring relief to buyers and lenders. Following lender approval, the NCLT gave the go-ahead to Darwin's resolution plan, which included a payout of Rs 1,814 crore over eight years. This sum consists of Rs 929 crore paid to the lenders and Rs 438 crore used to provide 837 accepted homeowners with fully built homes.
The resolution plan's objective is to satisfy the homebuyers' claims and deliver completed houses within five years of receiving environmental clearance on an actual cost basis. The entire claim amount is Rs 6,642 crore. The action is anticipated to allay the long-standing worries of many stakeholders connected to the Lavasa project.
The sale of Lavasa, India's first private hill station, to Darwin Platform Infrastructure has been approved by the National Company Law Tribunal (NCLT), which would bring relief to buyers and lenders. Following lender approval, the NCLT gave the go-ahead to Darwin's resolution plan, which included a payout of Rs 1,814 crore over eight years. This sum consists of Rs 929 crore paid to the lenders and Rs 438 crore used to provide 837 accepted homeowners with fully built homes.
The resolution plan's objective is to satisfy the homebuyers' claims and deliver completed houses within five years of receiving environmental clearance on an actual cost basis. The entire claim amount is Rs 6,642 crore. The action is anticipated to allay the long-standing worries of many stakeholders connected to the Lavasa project.
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India Sold His City For 1,814 Crore | Lavasa City
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