Realty Stocks Open on a Cautious Note as Markets Consolidate; Select Developers See Buying Interest
Real estate stocks opened on a cautious note as Indian markets showed early signs of consolidation. While select developers like DLF and Phoenix Mills saw buying interest, others such as Godrej Properties and Lodha Developers remained under pressure, pointing to a volatile and range-bound trading session ahead.
Real Estate Agent Loses RERA Case for Brokerage
In a landmark order, MahaRERA has ruled that brokerage disputes between real estate agents and developers fall outside its jurisdiction and must be pursued in civil courts. The Authority rejected the agent’s claim due to the absence of a written agreement and complex factual questions involved.