Realty Stocks Open Weak as Market Slides; Sector Sees Broad-Based Selling at the Start
Real estate stocks started the day under pressure as the Nifty Realty index declined sharply in early trade. With most developers trading in the red and global cues weighing on sentiment, the sector is expected to remain volatile and range-bound through the session.
Tribunal Overturns MahaRERA Order: Builder Hit with 19-Year Interest from Day 1 on Duped NRIs
In a fresh instance of MREAT overturning a MahaRERA order, the Tribunal ruled that buyers cannot be made to wait 19 years while the builder uses their money, directing full refund with interest from the original 2006-07 payment dates.