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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.
Vihang Pratap Sarnaik, son of Maharashtra minister Pratap Sarnaik, has acquired a 6,838 sq ft apartment in Worli’s iconic Three Sixty West for Rs 46.62 crore, highlighting strong resilience in Mumbai’s ultra-luxury market.

Former Corporator, Son of Maha Minister Buys Flat Worth Rs 46 Cr in Worli

Vihang Pratap Sarnaik, son of Maharashtra minister Pratap Sarnaik, has acquired a 6,838 sq ft apartment in Worli’s iconic Three Sixty West for Rs 46.62 crore, highlighting strong resilience in Mumbai’s ultra-luxury market.
On Diwali morning Indian realty shares opened with selective strength: blue-chip developers led early gains on festive demand and solid Q2 presales, while many mid- and small-cap names cooled on profit-taking. Keep an eye on Muhurat trading (1:45–2:45 PM IST) and booking updates to see if the rally broadens.

Realty Stocks Opened Mixed — Blue-Chips Favoured, Mid-Caps Took a Breather

On Diwali morning Indian realty shares opened with selective strength: blue-chip developers led early gains on festive demand and solid Q2 presales, while many mid- and small-cap names cooled on profit-taking. Keep an eye on Muhurat trading (1:45–2:45 PM IST) and booking updates to see if the rally broadens.
MahaRERA has ruled that a booking application form does not by itself create a binding sale contract and directed Mahindra Happinest Developers to refund ₹1.50 lakh to a homebuyer, holding that forfeiture was illegal as the booking was never completed.

MahaRERA Dismisses NRI Homebuyer’s Plea, Says It Cannot Enforce Consumer Court Orders

MahaRERA has dismissed an NRI homebuyer’s complaint seeking interest on refund from the DSK Anandghan project, ruling that it cannot enforce consumer court orders. The order brings clarity on RERA’s jurisdiction and guides buyers to approach the correct forum for execution.
Mumbai’s real estate market saw a festive slump as Dhanteras and Diwali property registrations fell well below average, signalling early signs of a slowdown amid firm developer pricing and hesitant buyers.

📰 Mumbai Real Estate Faces Festive Slowdown: Dhanteras & Diwali Property Registrations Hit New Lows

Mumbai’s real estate market saw a festive slump as Dhanteras and Diwali property registrations fell well below average, signalling early signs of a slowdown amid firm developer pricing and hesitant buyers.
On Diwali, real-estate stocks opened with strength in large-cap names backed by festive demand and strong presales, while many smaller developers lagged. The rally remains selective—what happens next hinges on booking numbers and mid-cap participation.

🏠 Diwali Boost for Realty Stocks: Large Developers Shine, Smaller Names Hang Back

On Diwali, real-estate stocks opened with strength in large-cap names backed by festive demand and strong presales, while many smaller developers lagged. The rally remains selective—what happens next hinges on booking numbers and mid-cap participation.