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TCG Real Estate Secures Rs 714 Crore from SBI
TCG Real Estate has secured a significant funding of Rs 714 crore from State Bank of India (SBI) for its World Trade Centre project in Gurugram. This infusion of funds is expected to accelerate the development of the project and further strengthen TCG Real Estate's presence in the real estate market.
The funding from SBI underscores the confidence of financial institutions in TCG Real Estate's vision and execution capabilities. The World Trade Centre project in Gurugram is poised to become a landmark development, offering modern office spaces and commercial amenities to businesses and ..
Avaada Energy Secures Rs.1,190 Crore Loan for Solar Project
Avaada Energy, a leading player in the renewable energy sector, has secured a substantial loan of ?1,190 crore from the State Bank of India (SBI) for its solar project. This financial backing from one of India's largest banks underscores the growing confidence in the renewable energy market and highlights the importance of financing in driving the transition towards clean energy.
The loan will be utilised to support Avaada Energy's ambitious solar project, which aims to enhance the country's renewable energy capacity and contribute to its sustainable development goals. With a focus on ..
NCLT Disposes Bankruptcy Plea Against Mumbai Metro One
The National Company Law Tribunal (NCLT) has disposed of a bankruptcy plea filed by State Bank of India (SBI) and IDBI Bank against Mumbai Metro One Pvt Ltd. This decision marks a significant development in the legal proceedings surrounding Mumbai Metro One's financial status.
The plea filed by SBI and IDBI Bank sought to initiate insolvency proceedings against Mumbai Metro One over alleged financial defaults. However, the NCLT's decision to dismiss the plea indicates that Mumbai Metro One will not be subjected to bankruptcy proceedings at this time.
The disposal of the bankruptc..
DLF Launches Luxury Project in Gurugram
DLF, India's leading real estate developer, has unveiled an ambitious luxury housing project in Gurugram, valued at ?2.5 billion. Located in Sectors 76 and 77, the DLF Privana project spans over 116 acres and includes high-rise apartments offering spectacular views of the Aravalli Range.
The latest phase, DLF Privana West, features 795 luxury apartments which sold out within three days of launch, generating around ?550 million. This follows the success of DLF Privana South, which sold 1,113 units for approximately ?720 million earlier in the year. These developments highlight the stron..
Migsun Group Plans Rs 5 Bn Investment in Greater Noida Projects
Migsun Group, a prominent real estate developer, has unveiled plans to invest Rs 500 crore in four new projects located in Greater Noida. This initiative is part of the company's strategic efforts to enhance its presence and contribute to the burgeoning real estate sector in the region.
The investment will be directed towards the development of residential and commercial properties, aimed at meeting the increasing demand for quality real estate in Greater Noida. These projects are expected to not only expand Migsun Group's portfolio but also generate employment opportunities and stimul..
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