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Ghost town gets new lease of life

The National Company Law Tribunal has approved a proposal by Darwin Platform Infrastructure Limited to take over Lavasa, a private city in Pune district. The decision has revitalized hopes for thousands of home buyers and investors who have been waiting for the completion of their properties. Darwin Platform Infrastructure Limited has promised to prioritize the needs of stakeholders and revive the ambitious project. However, execution of the resolution plan is subject to environmental clearances. | Mumbai news

Watch video: Darwin Platform Infrastructure Ltd wins Rs 1,814 crore bid for Lavasa smart-city

Darwin Platform Infrastructure Ltd. (DPIL) has won the financial bid for Lavasa Corporation- India's first privately built smart city near Pune. The Committee of Creditors (CoC) of Lavasa voted in favour of the plan submitted by DPIL. The company took lead by proposing a Total Resolution Plan amount of Rs 1,814 crore in the revised and final plan for Lavasa.

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