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DEBT LADEN PROPERTY
Is Mariah Carey laden with debt? Rumors swirl as she plans to sell one of her prized property in New YorkMariah Carey has listed her luxury Tribeca penthouse in New York for $27 million. Reports say the property has loans linked to it, which sp...- China's finance, realty workforce shrinks first time in over five yearsThe declines defied a trend that has seen the tertiary, or services, sector add jobs over the years. Financial firms have been hit by a wid...
- Ashdan properties leads race to acquire Rolta IndiaAshdan made a ₹850-crore cash offer to creditors, beating bids by Patanjali and MGN, following which the committee of creditors (CoC) decid...
- Patanjali's late bid for Rolta spurs more to join the raceWelspun Group's MGN Agro Properties and Mumbai-based B-Right Real Estate have successfully petitioned the NCLT to also submit bids. In fact...
- Country Garden says founder, board chairperson at work, haven't left ChinaFounder Yeung Kwok Keung quit Country Garden's board in March and daughter Yang Huiyan became chairperson. Yeung remains a special adviser.
- IMF lowers China 2023 economic growth forecast to 5.0%The International Monetary Fund (IMF) has revised down its economic growth forecast for China in 2023 to 5.0% from 5.2%. The IMF attributed...
- Future Group companies move Delhi HC against debt recovery tribunal orderThe Future Group companies on Tuesday moved the Delhi High Court against a debt recovery tribunal's July 31 order that restrained them from...
- Future Group companies moves to Delhi HC against a debt recovery tribunal orderThese provisions are ultra vires the Act as they operate to obstruct/delay the recovery of loans by banks and other financial institutions ...
- Chinese developer Sunac misses bond repayment, expects to miss moreWith $7.7 billion in dollar bonds, Sunac is the fourth-largest issuer among Chinese developers, according to data from Duration Finance.
- Evergrande chairman confident company will "walk out of its darkest moment"In the letter, coinciding with China's mid-autumn festival, Hui Ka Yuan, chairman of the debt-laden property developer, also said Evergrand...
- Mantra Properties, Ashdan Developers in final race to acquire DS Kulkarni under insolvency processWhile Mantra Properties has bid Rs 880 crore, Ashdan Developers has bid Rs 827 crore in the third revision of their plans to acquire the de...
- New Unitech board starts hunt for resolution plannerThe newly constituted board of debt-laden property developer Unitech is looking for an agency to prepare a resolution plan, the modalities ...
- Home buyers want to take over debt-laden property developersAn association of apartment-buyers submitted a plan to revive Kindle Developers, which failed to deliver homes after accepting payments.
- IL&FS puts commercial, residential properties up for saleSources said the company may be able to fetch nearly Rs 200 crore by selling these properties.
- Government eyes Rs 9,000 crore from sale of land, realty assets of Air IndiaThe funds raised through sale of the properties would be used to reduce the Rs 29,000 crore debt, held in the SPV.
- Leelaventure to soon take a call on selling its Chennai propertyIn its results for the quarter ended December, 2017, Hotel Leelaventure had said that it was pursuing a viable restructuring package with c...
- JM Fin Asset raises stake in Hotel Leelaventure to 48.8%As part of debt restructuring, JM Financial Asset Reconstruction Co Ltd (JMFARC) had issued a notice for conversion of debt into equity to ...
- He's a debt-laden property mogul. Meet China's own Donald TrumpHui, whose net worth is about $7.4 billion, has started disposing of some, listing Guangzhou Evergrande Taobao Football Club and selling th...
- HDIL puts Kochi land on block to mobilise fundsDebt-laden property developer HDIL has put its 70-acre land parcel in Kochi on the block for mobilising funds.
- India's billionaire club swells to record 69 membersThe wealth of Indian billionaires suffered huge correction in 2008, when there were only 27 billionaires. The number has been increasing si...
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