SquareFeatIndia

3455 posts
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.
In a landmark decision, the Bombay High Court has affirmed that once you buy land, get it registered, and take possession after due permissions, no authority can revoke the deal years later over unrelated old agreements – a huge boost for property buyers in Maharashtra.

Bombay HC Shields Property Buyers: Covid Delay Can’t Cancel Auction Sales

The Bombay High Court has held that auction sales conducted before the Covid-19 lockdown cannot be cancelled merely because buyers missed payment deadlines during the pandemic, ruling that the entire lockdown period must be excluded from statutory timelines.
MHADA has signed tripartite and construction agreements for the redevelopment of the historic GTB Nagar colony in Sion Koliwada, Mumbai. The 11.2-acre project will build three high-rise towers to rehabilitate around 1,200 residents.

Govt Amends GR for GTB Nagar Sion Koliwada Redevelopment; Drops Mandatory Housing Society Resolution Clause

The Maharashtra Government has amended its 2024 GR for the GTB Nagar, Sion Koliwada redevelopment, removing the requirement for a society resolution under the 2019 co-operative department norms. The decision is expected to streamline MHADA’s 25-building project under DCPR 33(9).
ITAT Mumbai has ruled that land cost must be included in real estate project cost under POCM, upholding a ₹47.26 crore tax addition against a developer. The decision impacts how builders calculate revenue in joint development projects.

ITAT Mumbai Upholds ₹47 Crore Tax Addition: Land Cost Must Be Counted in Real Estate Revenue Calculations

ITAT Mumbai has ruled that land cost must be included in real estate project cost under POCM, upholding a ₹47.26 crore tax addition against a developer. The decision impacts how builders calculate revenue in joint development projects.
Real estate stocks started the day on a weak note as the Nifty Realty index declined and most major developers traded in the red. Broader market caution and global risk sentiment are weighing on the sector, with investors watching interest rates and institutional flows for direction.

🏗️ Realty Stocks Start the Week on a Cautious Note as Markets Open Flat; Large Developers Hold Steady

Real estate stocks opened the week flat, with large developers holding steady while mid-caps remained weak. Analysts expect a cautious, range-bound session as investors await new triggers and monthly presales updates.
The Maharashtra Government has reconstituted the Balasaheb Thackeray National Memorial Trust, appointing Uddhav Thackeray as Chairman and several political leaders and officials as trustees. The move follows the expiry of the previous term and ensures continuity for the memorial’s development.

Fadnavis Govt Reconstitutes Balasaheb Thackeray Memorial Trust; Uddhav Thackeray Returns as Chairman Aaditya as Trustee

The Maharashtra Government has reconstituted the Balasaheb Thackeray National Memorial Trust, appointing Uddhav Thackeray as Chairman and several political leaders and officials as trustees. The move follows the expiry of the previous term and ensures continuity for the memorial’s development.