Maytas Properties likely to get liquidity

The Government-appointed Director and the promoters of
Maytas Properties are near to brokering a deal that will help the unlisted entity address the main problem of liquidity to complete projects.
This infusion of liquidity could be through bringing in another developer into the company as an investor by leveraging the large land bank created over the years.
The Government-appointed Director, Mr Ved Jain, said, “We are at an advanced stage of negotiations with various lending institutions and real estate players and could potentially manage to bring in a developer as a strategic partner.”

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