SC directs Noida authority to act on Sports City proposals; interim relief granted to multiple builders

The Supreme Court has directed developers in Noida’s Sports City case to submit revised proposals within two weeks and ordered Noida Authority to act within four weeks. It recorded a new payment framework, allowed zero-period benefits, permitted conditional OCs for some towers, and let the CBI probe continue without arrests. Further hearing is in January 2026.

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Homebuyers of 129 real estate projects must approach IRPs, not UP-RERA

UP-RERA has issued a public advisory for homebuyers. One hundred twenty-nine real estate projects from fourteen developers are now in Corporate Insolvency Resolution Process. Affected buyers must file claims with Insolvency Resolution Professionals. UP-RERA's jurisdiction is suspended during this period.

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Only 20% of housing projects in Noida have cleared their dues

Noida Authority faces a staggering Rs 34,283 crore in unrecovered dues from 116 group housing projects. A significant Rs 26,000 crore is effectively unrecoverable due to insolvency or ongoing litigation, including major liabilities from Amrapali and Unitech projects under Supreme Court supervision.

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Embassy REIT to invest Rs 3,700 crore to develop 7.2 million sq ft office space: CEO

Amit Shetty, CEO, Embassy Office Parks REIT outlines how the company is gearing up for its next growth cycle with a ₹3,700 crore development pipeline, while maintaining a 51 million sq ft portfolio with 93% value occupancy and strong leasing metrics.

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Embassy REIT acquires office asset in Bengaluru for ₹8,520 million

Embassy REIT has acquired a prime office property in Bengaluru. The deal is valued at over ₹850 crore. This grade-A asset is fully leased, ensuring steady income. This move is expected to boost the company's portfolio and cash flow visibility.

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NCLT dismisses Chronos Properties' ₹1,080 crore bid for IL&FS flagship BKC property

In a significant ruling, the National Company Law Tribunal dismissed Chronos Properties' bid of Rs 1,080 crore for the coveted Bandra Kurla Complex, as held by IL&FS. The tribunal upheld IL&FS's right to modify the bid amount, prompting Chronos to provide a performance guarantee within the next month. Previously, IL&FS had attempted to withdraw the bid, citing various compliance issues.

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ED accuses Experion Developers of misusing IBC rules in land deal

The Enforcement Directorate has accused Experion Developers of misusing the Insolvency and Bankruptcy Code. The agency claims Experion improperly acquired land in Gurugram's Sector 62. Experion allegedly manipulated the committee of creditors to approve a resolution plan. The ED has asked the National Company Law Tribunal to recall its order. Experion denies the allegations, stating debt assignments were legitimate.

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