Union Housing Minister Manohar Lal criticized NCLT's failure to revive stalled real estate projects, calling for urgent reforms in India's property sector resolution mechanisms.

Valor Estates has emerged as the frontrunner in Lavasa Corporation's acquisition with a ₹946 crore bid, while legal disputes threaten to delay India's first planned hill city's resolution process.

Oberoi Realty-led consortium successfully acquires Hotel Horizon in Mumbai's Juhu for ₹919 crore through insolvency resolution, securing prime sea-facing real estate for luxury development.

Welspun Group submits highest bid of Rs 850 crore for Lavasa Corporation as six developers compete in second acquisition attempt. Environmental clearance remains key hurdle for India's first private hill station project.

JM Financial Products secures 142,000 sq ft office space worth ₹150 crore in Mumbai's Mulund through bankruptcy resolution. Major NCLT settlement benefits 500+ homebuyers in stalled project revival.

MahaRERA has warned purchasers about 314 housing projects undergoing corporate bankruptcy resolution at the National Company Law Tribunal. A major 236 projects are in Mumbai, 52 in Pune, nine in Haveli, and five each in Ahmednagar and Solapur.

The Mumbai NCLT invalidated Wadhwa Buildcon's promoter's resolution plan. The resolution professional (RP)'s suspicious conduct and the promoter's willful default status revealed the decision.

A bankruptcy court has authorized Suraksha Realty's purchase of Jaypee Infratech, rejecting three appeals against the INR 7,936-crore resolution proposal and resurrecting the hopes of 20,000 home buyers who had been waiting over a decade for their promised flats.