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Lavasa, India’s first pvt hill station, sold for Rs 1.8k crore

IndiaTimes Friday, 21 July 2023
The NCLT order approving the resolution plan submitted by Darwin came after the lenders voted in favour of the resolution plan. It envisages a payout of Rs 1,814 crore over eight years; it includes Rs 929 crore to lenders and spending Rs 438 crore on delivering fully constructed houses to home buyers.
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Meet Mumbai man behind Rs 68000 crore group acquiring India's 1st private hill station for Rs 1814 crore

 In 2022, Ajay Harinath Singh had also joined the race to buy debt-ridden Anil Ambani firm Reliance Capital. His company will now revive Lavasa.
DNA