+
Shree Naman Approved for Radius Infra Takeover
ECONOMY & POLICY

Shree Naman Approved for Radius Infra Takeover

Shree Naman Group has received approval from the National Company Law Tribunal (NCLT) to acquire Radius Infratel Limited, a subsidiary of bankrupt real estate developer Radius Developers. The acquisition will enable Shree Naman to take over Radius Infratel's ongoing projects and assets, marking a significant development in the real estate sector.

The decision by NCLT comes as part of the resolution process under the Insolvency and Bankruptcy Code (IBC). Shree Naman Group, known for its expertise in real estate development, aims to leverage this acquisition to expand its presence in the market. The acquisition will also provide relief to stakeholders and homebuyers associated with Radius Infratel, offering a path towards project completion and resolution of pending issues.

Shree Naman's commitment to quality and timely delivery is expected to positively impact the projects under Radius Infratel, instilling confidence among buyers and investors. This approval by NCLT signifies a step forward in the resolution process for Radius Infratel and underscores the effectiveness of the IBC framework in addressing distressed assets in the real estate sector.

Shree Naman's takeover of Radius Infratel is poised to bring stability and momentum to the projects under its umbrella, contributing to the revitalization of the real estate market. As the acquisition progresses, stakeholders can look forward to a renewed sense of progress and direction in the development landscape.

Shree Naman Group has received approval from the National Company Law Tribunal (NCLT) to acquire Radius Infratel Limited, a subsidiary of bankrupt real estate developer Radius Developers. The acquisition will enable Shree Naman to take over Radius Infratel's ongoing projects and assets, marking a significant development in the real estate sector. The decision by NCLT comes as part of the resolution process under the Insolvency and Bankruptcy Code (IBC). Shree Naman Group, known for its expertise in real estate development, aims to leverage this acquisition to expand its presence in the market. The acquisition will also provide relief to stakeholders and homebuyers associated with Radius Infratel, offering a path towards project completion and resolution of pending issues. Shree Naman's commitment to quality and timely delivery is expected to positively impact the projects under Radius Infratel, instilling confidence among buyers and investors. This approval by NCLT signifies a step forward in the resolution process for Radius Infratel and underscores the effectiveness of the IBC framework in addressing distressed assets in the real estate sector. Shree Naman's takeover of Radius Infratel is poised to bring stability and momentum to the projects under its umbrella, contributing to the revitalization of the real estate market. As the acquisition progresses, stakeholders can look forward to a renewed sense of progress and direction in the development landscape.

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?