[INDIA REAL ESTATE NEWS] Good morning, everyone.
I’m Kyungwon staff of Kamagroup. Here I have important INDIA REAL ESTATE news
to share with you which is as mentioned under.
Mumbai: The newly constituted board of debt-laden property developer Unitech is looking
for an agency to prepare a resolution plan, the modalities of which were discussed at
the board’s first meeting on Tuesday. Yudvir Singh Malik, a retired IAS officer who is the
board’s chairman, told ET that if they are not able to find a good agency, they will do it
internally and submit the plan within two months. “We should be able to do it within
two months. It was the first meeting and we will meet regularly,” Malik told ET.
At the meeting, senior executives of Unitech made a formal presentation to the
board to help it understand the company’s projects and other details. The directors
include real estate and financing sector stalwarts such as HDFC’s Renu Sud Karnad,
Hiranandani Group’s Niranjan Hiranandani, Jitu Virwani of Embassy Group, state-run
NBCC’s former chairman Anoop Kumar Mittal.
Read more https://economictimes.indiatimes.com/wealth/real-estate/kerala-haze-over-illegal-buildings-put-homebuyers-in-a-spot/articleshow/73757552.cms
Have a nice day.