Urban infra VC fund looks to exit Lodha JV, recover ₹900 cr
The Urban Infrastructure Venture Capital Fund (UIVCF), which counts Anand Jain's Jai Corp and Reliance Industries as core investors, has moved the Maharashtra Real Estate Regulatory Authority (MahaRERA) to cancel the registration of a joint venture project of the Lodha Group in a bid to recover its dues worth over 900 crore from the project in South Mumbai's Mahalaxmi locality.