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The CBI has filed a fresh chargesheet against leaders and executives of Acme Realties over alleged fraud linked to the Acme Boulevard project in Mumbai. Investigators accuse the suspects of misleading homebuyers and improperly benefiting from the scheme.
11:26 PMEconomic Times Realty
Equity investment in India's real estate, data centre, and hospitality assets reached USD 9.5 billion in the third quarter of 2026, about double the comparable level. Data centres captured 57 percent of the inflows, while foreign investors contributed roughly 59 percent.
9:26 AMEconomic Times
Godrej Properties has partnered with MICL to develop a luxury housing project on a 2.5-acre Marine Lines site in Mumbai. The project is expected to generate revenue of about Rs 6,000 crore, with MICL contributing development rights.
8:37 AMEconomic TimesSummary
The CBI has filed a fresh chargesheet against leaders and executives of Acme Realties over alleged fraud linked to the Acme Boulevard project in Mumbai. Investigators accuse the suspects of misleading homebuyers and improperly benefiting from the scheme.
The fresh chargesheet increases the legal exposure of Acme Realties' promoters and executives and deepens
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The case adds pressure on developers to substantiate project promises while leaving affected buyers facing a prolonged legal and financial recovery process.
Summary
Equity investment in India's real estate, data centre, and hospitality assets reached USD 9.5 billion in the third quarter of 2026, about double the comparable level. Data centres captured 57 percent of the inflows, while foreign investors contributed roughly 59 percent.
Capital is shifting toward data infrastructure rather than traditional property, with foreign investors driving much
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The investment mix signals that India's real estate cycle is increasingly being shaped by digital infrastructure demand.
Summary
Godrej Properties has partnered with MICL to develop a luxury housing project on a 2.5-acre Marine Lines site in Mumbai. The project is expected to generate revenue of about Rs 6,000 crore, with MICL contributing development rights.
The deal gives Godrej Properties access to a scarce, high-value site without requiring a conventional
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The partnership shows how developers are using joint ventures to secure scarce urban land and expand into Mumbai's premium housing market.
2 stories · 2 sources
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