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Realty Stocks Open Cautious Despite Market Recovery; Sector Shows Mixed Trends in Early Trade
Real estate stocks opened cautiously even as Indian markets rebounded in early trade. While select developers like DLF and Phoenix Mills showed resilience, broader sector sentiment remains weak, pointing to a volatile and stock-specific trading session ahead.
Bombay HC: Safe Homes Trump Builder Profits — Society Wins 13-Year Redevelopment Battle
“In a verdict that will resonate across Maharashtra, the Bombay High Court has held that the lives and safety of housing society members cannot be held hostage to a developer’s commercial interests. After 13 years of complete inaction, the Court refused to block redevelopment, declaring: the right to safe homes must prevail over builder profits.”
Bombay HC Dismisses Godrej & Boyce Writs; LARR Authority to Decide ₹1,972 Cr Bullet Train Land Claim
“In a major relief to the State and NHSRCL, the Bombay High Court has allowed the LARR Authority to decide Godrej & Boyce’s ₹1,972 crore compensation claim on merits, including the crucial issue of limitation.”