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.
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.