ED freezes assets worth ₹33 crore after raids against Vatika

The Enforcement Directorate has seized assets amounting to thirty-three crore rupees as part of its investigation into Vatika Ltd.'s promoters. This probe, initiated under the Prevention of Money Laundering Act, targets serious allegations of fraud affecting homebuyers who suffered losses due to the non-delivery of plots from 2010 to 2012.

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Infineon Tech picks up 6.3 lakh sq ft Bengaluru office in ₹750-crore rental deal

German firm Infineon Technologies has leased over 6.3 lakh sq ft office space in Bengaluru. This significant deal involves a rental payout exceeding Rs 750 crore over ten years. The company also announced its acquisition of power semiconductor startup C2i Semiconductors. This move aims to bolster Infineon's engineering and research capabilities in India.

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Provisional booking no basis for allottee status: Haryana RERA junks plea

According to the Haryana RERA ruling, merely having a provisional allotment is insufficient to establish a promoter-allottee status. As a result, the complaint against Eldeco and HSIIDC was dismissed. The complainant did not sign or register the sale agreement, despite reminders. Eldeco confirmed its offer was withdrawn with a full refund, while HSIIDC reiterated that the plot allotment was conducted on an 'as is where is' basis.

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CapitaLand India Trust shifts Singapore-dollar debt to rupees as INR falls

CapitaLand India Trust is converting more Singapore-dollar debt into rupee borrowings as the Indian currency weakens, aiming to reduce foreign exchange exposure and boost distributable cash flows. CLINT has completed two debt-onshoring tranches worth about S$204 million in 2026, lifting cumulative distribution-per-unit accretion from the exercises to nearly 5%.

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Puravankara to jointly develop 7.83-acre land parcel in Bengaluru

Puravankara has entered into a joint development agreement for a 7.83-acre land parcel in southeast Bengaluru. The project has an estimated gross development value of ₹1,100 crore and a saleable area of about 0.89 million sq ft.

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CBI files 18th chargesheet against builder, directors in homebuyers fraud case

The CBI has unveiled its eighteenth chargesheet regarding a homebuyer fraud case, targeting a builder and several directors, as well as financial institution executives. This case pertains to deceptive actions surrounding a housing project in West Bengal. The chargesheet has been filed in the CBI Special Court located in Alipore, with the agency actively pursuing thirty-one more analogous cases across the country.

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Orris Infrastructure's MD Amit Gupta arrested by Mumbai police in cheating case

Amit Gupta, the managing director of Orris Infrastructure, has been taken into custody by Mumbai Police following a complaint from Godrej Properties Limited. The allegations involve serious charges of forgery, cheating, and criminal conspiracy tied to a collaborative project. Under the Bharatiya Nyaya Sanhita, Gupta stands accused of unlawfully altering records, sparking worries among homebuyers eager for their properties' possession.

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