Key Transaction Details
On October 29, 2026, Landmark Property Development Company Limited executed an Amendment Agreement with Eterna Living Private Limited (formerly known as Ansal Landmark (Karnal) Township Private Limited) to amend the Refund and Settlement Agreement dated March 27, 2026.
Financial Figures and Payment Status
Under the original Refund and Settlement Agreement, Eterna Living Private Limited had undertaken to refund an amount of ₹35,26,15,047 to the Company. The Company has received aggregate payments of ₹8,15,00,000, comprising:
- ₹15,00,000 received upon execution of the original agreement
- ₹8,00,00,000 received as a subsequent payment
The balance amount of ₹27,11,15,047 remains outstanding and is now due for repayment by March 31, 2027.
Amendment Terms and Rationale
The Amendment Agreement provides for the extension of the timeline for repayment of the outstanding refund amount from September 26, 2026, to March 31, 2027. This extension was granted pursuant to:
- Approval of the Members of the Company at their meeting held on September 21, 2026
- Request from Eterna Living Private Limited citing delays in receipt of expected funds due to pending Government approvals in relation to another group housing transaction
Additional Conditions
All other terms and conditions of the original Refund and Settlement Agreement dated March 27, 2026, remain unchanged. The Amendment Agreement specifically does not revive the cancelled spacebooking arrangement or any allotment rights thereunder.