Embassy Developments Secures Bengaluru Land, Exits Insolvency Amid Valuation Questions

Hey Bengaluru real estate community! Big news for the city: Embassy Developments just secured a massive **78 acres** right here in Bengaluru! This comes after the High Court overturned a land resumption order and insolvency proceedings against them were quashed. While this is a significant win for the developer, potentially paving the way for new projects, it’s also important to remember the past scrutiny over high valuation multiples and other legal questions they’ve faced. With East Bengaluru's commercial market still booming, this could mean new opportunities, but it's definitely something to keep an eye on. Has anyone here had dealings with Embassy Developments recently or heard more about these valuation questions?