Valor Estate Takes Helm of Lavasa in ₹771 Crore Acquisition

Valor Estate, formerly DB Realty, has emerged as the highest bidder for Lavasa Corporation with a ₹771.09 crore offer (NPV basis) under the Corporate Insolvency Resolution Process (CIRP).

The bid was the result of a competitive 10-round auction, with Welspun Group placing second at ₹750 crore and Yogayatan Group third at ₹725 crore. Other notable participants included Lodha Developers, Pride Purple Group, and the Jindal Steel & Power Group.

The Committee of Creditors (CoC) will now begin negotiations with Valor Estate to optimise value before finalising the resolution plan timeline and verifying proof of funds. The proposal remains subject to key environmental clearances—historically a major roadblock in attempts to revive the long-stalled hill city project.

Originally envisioned as India’s first private hill city near Pune, Lavasa has faced years of regulatory challenges, halted construction, and mounting debt. This is the third significant effort to resolve its insolvency, following a failed ₹1,814 crore bid by Darwin Platform Infrastructure (DPIL) in 2023 due to non-payment of the upfront amount.

News by Rahul Yelligetti.