Pune builder ties up with US firm to bid for Lavasa project

Pune: City-based builder Aniruddha Deshpande, who has tied up with an US company, is among the bidders for the Lavasa hill station project.


According to sources, three firms have put up bids to take over the project. The final decision will be taken soon after they submit the resolution plan for further evaluation. The three firms that have bid for the project will have to meet the requirements and it is being assessed.


Deshpande confirmed the bid and said he had entered the bid in a partnership with InterUPS, a private equity firm based out New York. Sources said that Deshpande will act as an implementation partner and strategic investor. The team will also include some members of the hill station project, who will act as advisers. According to sources, the resolution plan will be submitted in the coming fortnight.


The other two bids have been by Royale Partners Investment Fund Ltd and UV Assets Reconstruction Company Ltd. AE three bidders are expected to submit a detailed resolution plan to take the project forward.


Citizens staying at Lavasa are hoping for state government intervention to understand their problems ahead of the bid finalization. The Central Public Grievance Portal (CPGRAMS) has directed the state government to address the grievances of Lavasa residents.


The department of administrative reforms and public grievances directed the state government to address the issue, terming it a state subject. Lavasa residents are having a diffcult time with the management of the private hill station under the Resolution Personnel (RP) appointed by National Company Law Tribunal for the last two years.


Source: https://timesofindia.indiatimes.com/city/pune/pune-builder-ties-up-with-us-firm-to-bid-for-lavasa-project/articleshow/79554456.cms

6 views0 comments
Mindcept-Logo.png

© MINDCEPT CONSULTING

  • LinkedIn

DISCLAIMER: The information contained in this website is offered for illustration purposes only and is general information. We make no representations or warranties of any kind (express or implied) with respect to the information, products, services, statements, figures, calculations, plans, images, logos, related graphics and are purely indicative in nature only. Whilst all reasonable care has been taking in providing all information, however, We or / and our related companies or/ and our representatives, consultants or / and our agents accept no responsibility for its completeness, accuracy, reliability, suitability or availability of any information contained herein for any action taken in reliance thereon by any party. Any reliance on information as contained in this website does not constitute an offer, inducement, representation, warranty or contract and may be relied upon at one’s risk and consequences.