Realty Stocks Open Cautious as Markets Consolidate; Select Developers Show Early Strength
Real estate stocks opened on a cautious note as Indian markets consolidated in early trade. While select developers like DLF and Phoenix Mills showed resilience, others faced pressure, pointing to a range-bound and stock-specific trading session ahead.
Builder Drags Homebuyers to MahaRERA for Non-Payment, Gets Flats Cancelled & Money Forfeited
Pune developer Gera Developments dragged two homebuyers to MahaRERA for non-payment of installments. The authority cancelled both agreements but allowed the builder to forfeit only 2% instead of the demanded 10% plus charges.
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.