Suits & Sayings: Harsh Reality

A keenly watched transaction involving a prized Lutyens’ bungalow appears to have run into rough weather. Word is that the buyer has stepped back after the seller’s team failed to secure the land-use change required to turn the property into a museum. The team is now scouting for another suitor, but for an asset of this scale—and with its attendant complications—that may be easier said than done.

(For more on our weekly roundup of wackiest whispers and murmurs in corporate corridors & policy parlours, pick up today's edition of The Economic Times newspaper)