Lavasa Corporation, India’s first private hill city project, is once again up for sale as creditors attempt to recover over ₹16,642 crore in dues.

Six entities have submitted takeover bids ranging from ₹500 crore to ₹850 crore. Welspun Group leads with the highest bid of ₹2,850 crore, including ₹150 crore in process costs. Other bidders include Ashdan-Pride Purple (₹1,843 crore), Macrotech Developers (Lodha), Valor (a DB Corp subsidiary), Jindal Steel and Power Group, and Yogayatan Group. Notably, Yogayatan's ₹1,800 crore bid has no environmental clearance precondition—a key issue that led to the project’s distress. Most other bids are conditional, which may violate National Company Law Tribunal (NCLT) norms. Creditors had earlier accepted Darwin Platform’s resolution, which was later canceled by NCLT in 2023 due to non-payment. Lavasa’s revival remains uncertain amid ongoing litigation, with the current highest bid offering less than 13% recovery.