Building on a Relative’s Land? It Doesn’t Make You the Owner
A four-decade-old property battle between two brothers from Akola ended with the Bombay High Court ruling that constructing a house on family land doesn’t grant ownership. The Court clarified that licences are personal rights that end with the licensee’s death.
🏗️ Realty Stocks Wrap Up a Mixed Week — All Eyes on Diwali Booking Data to Drive Next Leg of Rally
Realty stocks closed the week on a steady note, powered by large developers amid fading festive momentum. As Diwali ends, investors await booking data and institutional cues to see whether the rally can broaden next week.
Mumbai’s Festive Gloom: Property Registrations Hit New Low, Signalling a Slowdown Ahead
Mumbai’s Diwali week brought no festive cheer to real estate — property registrations fell to just 915 between October 20 and 26. With prices still high and buyers hesitant, the city’s housing market may be facing an early sign of slowdown.
If You’re a Loan Guarantor, Your Property Can Be Attached and Auctioned — Even If You Move Court, Rules Bombay High Court
The Bombay High Court has ruled that cooperative societies can legally attach and auction a guarantor’s property for unpaid loans — even if the guarantor files a civil case. The judgment clarifies that civil courts have no jurisdiction once recovery begins under the MCS Act.