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Builder’s Own Letter Exposes Lie: No Possession Given Even After OC – Tribunal Orders Interest For Delay
In a landmark ruling, MahaREAT has ordered a Kalyan builder to pay interest for delayed formal possession in Unique Al Nashra Heights, exposing contradictions where the developer admitted in writing—no possession handed over—even months after obtaining OC. Homebuyers now have stronger grounds to claim compensation if paperwork lags behind keys.
Realty Stocks Open Mixed as Indian Markets Begin Trade; Heavyweights Keep Sector Under Pressure
Real estate stocks began today’s trading session on a mixed note as the Nifty Realty index slipped in early trade. While developers such as DLF and Phoenix Mills showed resilience, several heavyweights including Prestige Estates and Brigade Enterprises faced selling pressure.
Maharashtra Directs Civic Bodies to Deploy High-Rise Fire Fighting Vehicles for Buildings Above 70 Metres
The Maharashtra government has directed municipal corporations and planning authorities to deploy High Rise Fire Fighting Vehicles (HRFFV) for buildings taller than 70 metres, aiming to strengthen fire safety in rapidly urbanising cities.
Maharashtra Approves ₹8.91 Crore PMAY-Urban Funds for Affordable Housing Projects Across Cities
The Maharashtra government has approved ₹8.91 crore under the PMAY-Urban scheme for affordable housing projects in cities including Pune, Nagpur, Pimpri-Chinchwad and Chhatrapati Sambhajinagar, focusing on housing for the Scheduled Tribe category.