Delhi court seeks police report on plea against promoters of '32nd Milestone' project

Delhi's court has instructed the local police to investigate allegations against those behind the 32nd Milestone project. Investors are claiming they've been defrauded, citing issues like fund misallocation and financial discrepancies. The complaint not only seeks the registration of a formal FIR but also calls for asset freezes and a forensic investigation into the matter.

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Bankruptcy court orders insolvency proceedings against Vatika

A Gurgaon real estate developer faces insolvency proceedings. The National Company Law Tribunal admitted the case after a default of Rs 274 crore. IDBI Trusteeship Services filed the application on behalf of debenture holders. The developer argued the default claim was premature as the redemption date was extended. The court has appointed an interim resolution professional to manage the process.

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Merely renting flat doesn't exclude homebuyer from consumer rights: SC

The Supreme Court has underscored that renting a residential flat does not disqualify buyers from being considered consumers. Builders are now obligated to demonstrate that a property was acquired with commercial intentions to negate consumer rights.

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SC rescues homebuyers of Supertech, upholds NCLAT order asking NBCC to take over stalled projects

The Supreme Court has directed NBCC to swiftly complete 16 Supertech housing projects. Financial and operational creditors will have their dues addressed after project completion. Tribunals and high courts are restrained from hindering this crucial work.

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Angel investor Radha Tanti buys ₹123-crore apartment in Mumbai’s Worli

Angel investor Radha Tanti has purchased a luxury apartment in Mumbai's Worli for Rs 123.5 crore. The 6,772 sq ft residence is located on the 44th floor of the Artesia tower. This high-value transaction highlights the continued strength of Mumbai's luxury housing market, driven by limited supply and strong buyer demand.

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Nexus Select Trust raises ₹7 billion via 10-year sustainability-linked bond

Nexus Select Trust has secured ₹7 billion from a 10-year sustainability-linked bond issuance. The International Finance Corporation is the anchor investor. This issuance will help refinance existing debt, leading to significant interest savings. The bonds are linked to ambitious sustainability targets, including net-zero emissions by 2030.

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CapitaLand India Trust raises ₹915 crore via maiden onshore bond; eyes 50% debt onshoring

CapitaLand India Trust has raised ₹915 crore in its first onshore bond issuance. This move aims to boost unit distributions and increase its India loan book to 40-50%. The company is expanding its office and data center portfolios. Upcoming projects include a new office space in Bengaluru and redevelopment in Hyderabad.

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