Reliance Communications has received NCLT Mumbai's approval to sell parts of its real estate holdings, allowing the resolution professional to divest assets during the insolvency process.
Reliance Group sells 35 of 100 upmarket flats in Navi Mumbai's NRI Seawoods Complex, seeking Rs 125-270 cr for remaining units.
Anil Ambani's Reliance Group partners with China's Dalian Wanda Group to develop real estate projects in Mumbai and Hyderabad, marking the first Chinese real estate investment in India.
India's thriving real estate market attracts small & medium-scale manufacturing companies to launch projects or monetize prime land assets.