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Thane: Cloud over 30 Nirmal Lifestyle housing projects

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Updated on: 01 May,2023 07:13 AM IST | Mumbai
Sanjeev Shivadekar | sanjeev.shivadekar@mid-day.com

Following the arrest of promoters last week, RERA data shows hundreds of homebuyers are at risk of never getting their dream homes

Thane: Cloud over 30 Nirmal Lifestyle housing projects

All the 30 projects are in Kalyan taluka. Representation pic

More trouble is in store for investors of Nirmal Lifestyle’s 30 projects in Thane district, as they face insolvency after the firm failed to repay debts. The revelation was made by MahaRERA last week, around the same time the real estate firm’s promoters were arrested in a case linked to different projects.

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