Realty Stocks Mixed at Open as Broader Markets Slip; Sector Eyes Volatile Session Ahead
Real estate stocks began today’s trading session on a cautious note as benchmark indices slipped. While select developers showed resilience, others remained under pressure, pointing to a volatile and stock-specific trading day for the sector.
HC Exposes SRA-Developer Collusion in Worli STP Land Grab
In a damning order, Bombay HC accuses SRA officers of suppressing BMC warnings to let a Shahid Balwa-linked developer encroach on land reserved for Worli’s vital STP expansion — a stark expose of how public infrastructure is sacrificed for private real estate gains in Mumbai’s rotting system.
BMC Commissioner Directed to Hold Inquiry into How Illegal Structure Existed for Decades Next to a BMC Chowki
Bombay High Court slams BMC for allowing illegal structure to exist for decades next to a ward office in Santacruz; orders inquiry into officials’ dereliction while dismissing petitioner’s appeal with ₹5 lakh costs.