SquareFeatIndia

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Varun Singh, is a Senior Journalist who has extensively covered the Real Estate Sector for over one and half decade. His articles, insights, and opinion on the sector are widely read.
BMC has confirmed that the viral message claiming a 30% property tax concession for senior citizens is fake, urging citizens not to visit ward offices based on misinformation.

BMC Declares Viral Message on 30% Property Tax Concession for Senior Citizens as Fake

BMC has confirmed that the viral message claiming a 30% property tax concession for senior citizens is fake, urging citizens not to visit ward offices based on misinformation.
In a major relief for homebuyers, ITAT Mumbai has ruled that stamp duty valuation for tax purposes must be taken from the booking date—even if the allotment letter is unregistered—protecting buyers from unfair tax demands caused by builder delays.

MHADA to Hold Stakeholder Consultation on Draft ‘Maharashtra State Rental Housing Policy’ on November 19

MHADA is set to present the draft Maharashtra State Rental Housing Policy on November 19, inviting stakeholders to help shape a first-of-its-kind rental housing framework for the state.
Realty stocks ended Tuesday on a flat-to-soft note, with large developers steady and mid-caps slipping. Here’s a complete breakdown of the day’s performance and what to watch for tomorrow.

🏗️ Realty Stocks End the Day Flat-to-Soft as Markets Consolidate; Mid-Caps Drag While Large Developers Hold Ground

Realty stocks ended Tuesday on a flat-to-soft note, with large developers steady and mid-caps slipping. Here’s a complete breakdown of the day’s performance and what to watch for tomorrow.
The Maharashtra Government has cleared the ₹23,487 crore Mumbai Metro Line-11 from Wadala to Gateway of India, while correcting a key clause to limit the State’s liability to contingent obligations on external loans.

Maharashtra Govt Approves ₹23,487 Crore Mumbai Metro Line-11 From Wadala to Gateway of India

The Maharashtra Government has cleared the ₹23,487 crore Mumbai Metro Line-11 from Wadala to Gateway of India, while correcting a key clause to limit the State’s liability to contingent obligations on external loans.
The ED has attached properties worth over ₹51 crore linked to Ocean Seven Buildtech in a money laundering case involving diversion of funds collected from homebuyers for incomplete affordable housing projects. Promoter Swaraj Singh Yadav is accused of orchestrating the fraud through arbitrary cancellations, inflated resales, and misuse of escrow funds. Probe continues.

ED Clears Restitution of ₹55.85 Crore Attached Properties to SBI in Varron Aluminium Case

The Enforcement Directorate will restore three attached properties worth ₹55.85 crore to SBI after the Special Court (PMLA) approved restitution in the Varron Aluminium fraud case.