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Bombay HC rules flat agreements don’t give land ownership to societies, sets aside decades-old Thane dispute.

Homebuyers Score Big in Deemed Conveyance: Court Rejects Builder’s TDR Excuse

Homebuyers score big win in deemed conveyance case: Bombay High Court rules builders cannot use TDR as excuse to deny societies their full proportionate land share.
  • July 2, 2026
Housing Societies Can Claim Tax Relief on Interest Only from These Banks – Mumbai ITAT restores case of Chembur society and directs fresh verification as per Supreme Court judgment.

Society’s No to Commercial Use Binding: Court Stops Flat Owners from Conversion

The Thane Co-operative Court has ruled that if a society decides no to commercial activity, its members cannot turn residential flats into business premises.
  • July 1, 2026
Nifty Realty opens at 815.65 on June 22 as Iran-US peace progress cools crude oil. Sobha and Mahindra Lifespace lead gains; Brigade Enterprises drops 2%.

Realty Stocks Hold Ground as Q1 FY27 Begins; IT Rout and Iran Talks Keep Pressure On

Realty stocks open July 1 at 823.25 on the Nifty Realty index after defying the broader market on June 30. Godrej, Phoenix, DLF hold gains as Q1 FY27 begins.
  • July 1, 2026
“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.”

One Member Complaint Insufficient to Trigger Enquiry Against Managing Committee

Bombay HC holds that Registrar cannot order Section 83 enquiry solely on one member’s complaint. Independent application of mind is mandatory for suo moto action under the MCS Act.
  • July 1, 2026
More buyers, less money: Mumbai registered 13,316 properties in June 2026 but stamp duty revenue fell. A market running on volume, losing value.

Mumbai Property Sales Rise But Stamp Duty Revenue Falls — Market Signals Deep Distress

More buyers, less money: Mumbai registered 13,316 properties in June 2026 but stamp duty revenue fell. A market running on volume, losing value.
  • June 30, 2026