SquareFeatIndia

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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.
Real estate stocks traded mixed on October 9, with Prestige Estates gaining 3.5% on strong sales while mid-caps slipped on profit-taking. Large developers stayed resilient as the Nifty Realty index drifted lower.

🏢 Real Estate Stocks End Mixed as Big Developers Gain, Mid-Caps Slip

Real estate stocks saw a mixed session on October 9. Prestige Estates surged 3.5% on strong sales, while mid-caps faced profit-taking. Large developers held steady, but cautious sentiment kept the Nifty Realty index under pressure.
In a key ruling, ITAT Mumbai allowed Valencia Co-Operative Housing Society in Powai to claim tax deduction on interest earned from co-operative bank deposits, clarifying when housing societies can legally avoid tax on such income.

Bombay HC: GR Guidelines for Redevelopment Are Only Directions – No Tender Needed if Majority of Tenants Agree on a Builder

Bombay HC rules GR guidelines for co-op society redevelopment are only directions, not mandatory. Societies can appoint a builder without a tender if the majority of tenants agree, ensuring transparency and proper supervision.
The Bombay High Court (Goa) has ruled that hearsay cannot be treated as proof of Pakistani nationality, striking down the Custodian of Enemy Property’s 2010 order tagging a Margao layout as “enemy property.” The Court held that the government failed to produce documentary proof that the original owner was a Pakistani national during the vesting period, making the declaration legally unsustainable.

📰 Hearsay Can’t Make You Pakistani: Bombay HC Quashes Enemy Property Tag

The Bombay High Court (Goa) has ruled that hearsay cannot be treated as proof of Pakistani nationality, striking down the Custodian of Enemy Property’s 2010 order tagging a Margao layout as “enemy property.” The Court held that the government failed to produce documentary proof that the original owner was a Pakistani national during the vesting period, making the declaration legally unsustainable.
Navi Mumbai’s residential property prices have climbed over 22% in five years, driven by infrastructure-led growth and maturing micro-markets. Premium nodes such as Vashi and Seawoods continue to outperform, while emerging corridors signal long-term investment potential, according to RealX Stats by InvestoXpert.

✈️ Navi Mumbai Airport to Take Off — Panvel Property Prices Already Soaring 74%

As Navi Mumbai International Airport opens, Panvel’s real estate market is taking off — apartment prices have surged 74% since FY21. Experts say improved connectivity and Aerocity development will make Panvel the next growth hub in the MMR.
Realty Shares Open Tepidly — Large Names Hold, Mid-Caps Under Pressure

📰 Realty Shares Open Tepidly — Large Names Hold, Mid-Caps Under Pressure

India’s real estate stocks opened cautiously today. While large developers held up, mid- and small-cap names came under pressure amid profit-taking. The sector seems to be consolidating, awaiting fresh triggers and macro direction.