The Government-appointed Director along with the promoters of Maytas Properties is currently in advanced discussions aimed at finalizing a deal that would resolve the persistent liquidity issues faced by the unlisted firm, enabling it to successfully complete its ongoing projects.
This much-needed influx of liquidity may materialize by attracting another developer who could come on board as an investor, thereby capitalizing on the substantial land holdings accumulated over the years.
According to Mr. Ved Jain, the Government-appointed Director, "We are at an advanced stage of negotiations with various lending institutions and real estate players and could potentially manage to bring in a developer as a strategic partner."