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Realty Stocks Open Mixed as Dalal Street Turns Volatile; Large Developers See Selective Buying
Real estate stocks opened on a mixed note as Indian markets turned volatile in early trade. While large developers such as DLF and Phoenix Mills showed resilience, several mid-cap realty counters faced selling pressure, pointing to a cautious and range-bound session for the sector.
No Date, No Justice: MahaRERA Rejects Homebuyer’s Delay Claim Over Vague 2011 AFS
In a controversial order, MahaRERA has rejected a homebuyer’s claim for interest on delayed possession solely because his 2011 Agreement for Sale did not mention any specific date. The Authority dismissed the complaint filed by Imran Haedr against K.K. Constructions but directed a refund as per contract terms. The ruling highlights the risks of signing agreements with vague possession clauses even in the RERA era.