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Lavasa Corporation, India's first private hill town project, is up for sale again. Creditors aim to recover their dues. Six takeover bids have been submitted, ranging from 500 crore to 850 crore. Welspun Group placed the highest bid. Other bidders include Ashdan, Pride Purple, Macrotech Developers, DB Corp subsidiary Valor, Jindal Steel and Power Group, and Yogayatan Group.
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A Michigan developer proposes a mixed-use development of 54 houses and retail space on 25 acres on Haglund Road in Burns Harbor.
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The firm's Chinese owner tells the government it is committed to the UK but said it is exploring options.
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News and Media
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