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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.
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.

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.
Mumbai Tribunal rules that once a developer exits a redevelopment project by terminating the agreement, RERA loses jurisdiction. Flat buyers who paid ₹50 lakh each were told to approach Civil Court instead. A must-read warning for all homebuyers in society redevelopment projects.

30-Feet Ghost from 1943 Haunts Mumbai Redevelopment

An 80-year-old private deed from 1943 has halted a Mumbai society’s high-rise dreams. Bombay HC says the 30-ft ‘ghost’ still haunts redevelopment—until trial proves otherwise.
Actor Sonu Sood

Sonu Sood Leases BKC Commercial Unit to HDFC Bank for ₹11.75 Lakh Monthly

Actor Sonu Sood has leased his BKC commercial unit to HDFC Bank for ₹11.75 lakh monthly rent under a 9-year agreement, underscoring strong institutional demand for premium Mumbai office assets.
Nifty Realty faces its second straight session of pressure on June 9 as Brent crude climbs above $96 and geopolitical risk from West Asia keeps markets on edge.

Realty Stocks Open Steady After Benchmark Rally; Sector Eyes Direction as Momentum Cools

Realty stocks opened on a cautious note despite positive cues from benchmark indices. The sector is consolidating after recent gains, with investors watching interest-rate signals and market momentum for direction.
In a key ruling, ITAT Mumbai has sent back Raheja Universal Pvt. Ltd.'s deemed rental income dispute on unsold flats for fresh evidence-based assessment, stressing objective valuation under Section 23(5) while upholding major reliefs for the prominent developer on other issues.

Raheja Universal’s Deemed Rent Dispute on Unsold Flats Sent for Fresh Calculation

In a key ruling, ITAT Mumbai has sent back Raheja Universal Pvt. Ltd.’s deemed rental income dispute on unsold flats for fresh evidence-based assessment, stressing objective valuation under Section 23(5) while upholding major reliefs for the prominent developer on other issues.