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MahaRERA Deregisters Marvel Castella Project in Pune After Full Refund to All Buyers
MahaRERA has deregistered the Marvel Castella project in Pune after the promoters fully refunded all 22 homebuyers and cancelled their agreements citing financial difficulties. The Authority approved the request as no allottee raised any objection.
Realty Stocks Open Cautious as Markets Consolidate; Stock-Specific Moves Dominate Early Trade
Real estate stocks opened on a cautious note as Indian markets showed signs of consolidation. While select large developers saw mild gains, broader weakness in mid-caps points to a range-bound and stock-specific trading session ahead.
Landlord’s Preferential Right Not Unlimited: SRA Removes Landlord as Developer After 3-Year Delay
“Being the owner gives you preferential rights, but not unlimited time.” In a firm order, SRA removes a private landowner as developer after three years of zero progress on a Lower Parel slum scheme, prioritising slum dwellers’ right to timely rehabilitation.