[INDIA REAL ESTATE NEWS] Good morning, everyone. I’m Hyaemin Park staff of Kamagroup. Here I have important INDIA REAL ESTATE news to share with you which is as mentioned under.|
New Delhi: Bankrupt realtor Jaypee Infratech's lenders on Thursday asked its top suitors NBBC and Suraksha Realty to make a final offer by next Tuesday after revising their earlier bids by removing impediments and making it more lucrative for homebuyers as well as banks.
The Committee of Jaypee Creditors met NBBC and Suraksha representatives for several hours to discuss threadbare their takeover offers, before asking them to further revise the bids, sources with direct knowledge of the development said.
They wanted NBCC to provide more land with clear title in lieu of its current offer of over 600 acres land that is under litigation and some unclaimed flats. Also, they wanted complete Yammu Expressway Project without any debt obligation.
Mumbai-based Suraksha Realty was told to increase the upfront payment to lenders from the existing offer of mere Rs 25 crore, they said.
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