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In a sharp rebuke to one-sided builder clauses, the Appellate Tribunal has ordered Omkar group to refund nearly ₹1.15 crore with interest to an NRI allottee in the Omkar Meridia project, holding that making refund conditional on selling the flat to a new buyer is unconscionable and against RERA.

MahaRERA Allowed Builder’s “Sell First, Refund Later” Condition; Appellate Tribunal Overrules

In a sharp rebuke to one-sided builder clauses, the Appellate Tribunal has ordered Omkar group to refund nearly ₹1.15 crore with interest to an NRI allottee in the Omkar Meridia project, holding that making refund conditional on selling the flat to a new buyer is unconscionable and against RERA.
  • July 6, 2026
Real estate stocks traded firm in early hours, led by large developers like DLF, Godrej, and Lodha amid festive demand optimism. Mid-caps stayed muted as investors await Diwali booking updates and institutional cues to guide the sector through the day.

Realty Stocks Rise as Crude Stays at $72 and Market Calm Returns to Dalal Street

Nifty Realty opens near 52-week highs on July 7 after surging 8.78% last week. VIX at 11.79 and crude at $72 set the stage for Q1 FY27 results.
  • July 6, 2026
Bombay High Court has upheld the five-year ban on the Chairman, Secretary and Treasurer of a Mumbai housing society for deliberately withholding meeting minutes and records from a fellow committee member, reinforcing transparency norms under the Maharashtra Co-operative Societies Act.

5-Year Ban on Housing Society Office Bearers for Withholding Records

Bombay High Court has upheld the five-year ban on the Chairman, Secretary and Treasurer of a Mumbai housing society for deliberately withholding meeting minutes and records from a fellow committee member, reinforcing transparency norms under the Maharashtra Co-operative Societies Act.
  • July 6, 2026
Mumbai woman's LTCG claim survives — ITAT rules builder's delayed ledger entry can't override actual 2007 allotment date. ₹17L addition deleted.

Mumbai Woman Bought Flat in 2007, Builder Wrote It in 2011 — Tax Dept Pounced

Mumbai woman’s LTCG claim survives — ITAT rules builder’s delayed ledger entry can’t override actual 2007 allotment date. ₹17L addition deleted.
  • July 5, 2026
Bombay HC allowed homebuyers’ ₹45 lakh refund claim against Godrej to proceed despite a long filing delay.

Bombay HC Allows Homebuyers’ ₹45 Lakh Refund Claim Against Godrej to Proceed

The Bombay High Court has refused to interfere with orders condoning delay…
  • July 4, 2026