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LIC Housing Finance blocks Orbit Corp's Mumbai project
Q: To recover its dues, LIC Housing Finance has blocked realty developer Orbit Corporation's premium residential project in Mumbai

lic housing finance
default of loans
orbit corporation
premium residential project in mumbai
Latest Answer: True Manis, As per the news, LIC Housing Finance had taken possession of the property following the developer defaulting on loans worth Rs 96 crore out of total due of Rs 250 crore. They will auction the property for defaults of loans.
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