RBI to exempt SWAMIH fund from alternate investment fund rules

In a significant regulatory update, the Reserve Bank of India has provided a vital exemption for the Special Window for Affordable and Mid-Income Housing (SWAMIH) fund. This initiative, championed by the government, is now free from the stringent laws that usually govern alternate investment funds.

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NCLAT includes late buyers’ claims in Today Homes insolvency plan

The NCLAT has ruled that genuine homebuyers whose payments are recorded by a builder cannot be denied their dues due to late filing in insolvency proceedings. This decision overturns an NCLT ruling that rejected 20 homebuyers' claims as time-barred, directing their inclusion with other allottees.

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Indian real estate records 42 transactions valued at $2.9 billion in July-Sept quarter

The July-September quarter was a landmark period for India's real estate industry, marking the highest level of institutional investment ever recorded. Investors flocked from various sectors, engaging in a total of 42 transactions that collectively reached $2.9 billion.

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Nexus Select Trust plans ₹5,000-6,000 crore capex via debt-equity mix

Nexus Select Trust REIT plans to significantly expand its retail portfolio to 18-20 million sq ft across 30-35 malls by FY30. The REIT will fund its ₹5,000-6,000 crore capital needs through debt and equity, leveraging strong portfolio metrics like 98% occupancy and consistent rental growth.

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FIR filed against Ocean Seven Buildtech for ₹217 crore housing fraud

Delhi Police's EOW has filed an FIR against Ocean Seven Buildtech and its MD for allegedly cheating homebuyers and diverting Rs 217 crore from the incomplete Expressway Towers project. Buyers accuse the developer of misrepresentation and fraudulent resale of units, while the developer denies fraud, citing pandemic and NGT restrictions for delays.

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Awfis looks to grow 30% in FY26, eyes 40% non-core business revenue: Amit Ramani

Awfis Space Solutions targets robust FY26 growth with a 30% revenue increase to ₹1,600 crore, adding 40,000 coworking seats. The company maintains strong EBITDA margins and RoCE, while diversifying revenue through ancillary services. Awfis emphasizes its medium-sized center strategy and network density for risk mitigation.

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WeWork India clarifies on InGovern's IPO report over compliance

WeWork India addressed multiple governance concerns raised by InGovern, clarifying issues on IPO structure, profitability route, promoter litigation, lease accounting, related-party transactions, and brand licensing. The company affirmed compliance with SEBI norms and maintained strong operational performance and transparency.

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