Realty Stocks Open Mixed as Dalal Street Turns Volatile; Select Developers Outperform Early Trade
Real estate stocks opened mixed on Thursday as Indian markets turned volatile after an early rally. While developers like Godrej Properties, DLF and Lodha saw buying interest, others faced profit booking, pointing to a highly stock-specific trading session for the realty sector.
Homebuyers Can Challenge Only Unfavourable RERA Parts & Recover Simultaneously
In a major relief for homebuyers, MREAT has held that allottees can challenge only the unfavourable portions of a RERA order while simultaneously initiating recovery proceedings against the promoter. The Tribunal rejected the builder’s stay plea and imposed costs.