Embassy Office Parks REIT’s NOI rises 15% to ₹1,069 crore in Q2 FY27

Embassy REIT reported a robust performance for Q2 FY27, showing a 15 percent growth in net operating income, amounting to ₹1,069 crore. The operational revenue surged by 16 percent, hitting ₹1,303 crore. A distribution of ₹670.16 crore was declared by the board, marking a nine percent year-on-year increase. Moreover, the REIT successfully leased 1.

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Construction costs up 33%; Builders in Bengaluru face margin squeeze as sales slow down

Karnataka's real estate sector is undergoing a significant upheaval, primarily due to transport restrictions from Tamil Nadu affecting material supplies. Builders are struggling with dwindling availability of crucial components such as sand and jelly, alongside escalating costs of cement and steel. This situation poses a risk of delays in construction projects, inevitably affecting homebuyers' expected timelines.

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ICICI Prudential real estate fund to invest ₹210 crore in Raymond Realty's subsidiary for MMR redevelopment project

ICICI Prudential Real Estate Development Fund will invest ₹210 crore in Ten X Realty West, a wholly owned subsidiary of Raymond Realty, to support redevelopment of a project in the Mumbai Metropolitan Region. Raymond Realty’s JDA portfolio currently comprises eight projects with a combined revenue potential of about ₹27,000 crore.

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SC issues notice to ED on Noida-based builder's bail plea in home buyers' fraud case

India's Supreme Court has served a notice to the Enforcement Directorate concerning Anil Mithas' bail plea. Mithas, a key figure behind Unnati Fortune Holdings Ltd., is currently implicated in a money laundering investigation. The Allahabad High Court denied his bail, pointing to serious accusations of diverting funds totaling Rs 126.30 crore sourced from homebuyers for an unfinished project. He was arrested in April 2025 amid these allegations.

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Karnataka-RERA orders Eco Life Developers to hand over project documents & funds

The Karnataka Real Estate Regulatory Authority has mandated Eco Life Developers to establish a formal association of allottees, with a strict deadline of 60 days. This action follows a complaint from buyer Swetha Rangaswamy, who accused the developers of not meeting essential statutory requirements, including failing to demonstrate proof of the association's registration. The authority underscores the importance of addressing these obligations promptly.

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Delhi court upholds cheating case against M3M, its promoters in ₹450-crore land dispute

A Delhi court has upheld cheating and criminal conspiracy proceedings against M3M India Pvt Ltd and its promoters. The case involves allegations of a Rs 450-crore land fraud related to a land exchange deal. Allegations state that M3M obtained land without paying the required consideration according to the agreement. The court directed the accused to appear before the chief judicial magistrate on October 27.

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Buyers get possession letters for Amrapali project as 86 others remain stuck in NCLT

After a prolonged wait, possession letters have been handed out to homebuyers at Amrapali Leisure Valley. This project is one of many caught in a web of insolvency proceedings in Gautam Budh Nagar and Ghaziabad, stretching back to 2016. Experts highlight that legal complications and staffing shortages have been major contributors to the ongoing delays.

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