MahaRERA Shock: Buyer Pays ₹1.38 Cr for 3 Flats, Loses All Over Wrong Account
In a shocking MahaRERA ruling, a buyer who paid the full ₹1.38 crore for three 2BHK flats in Kurla’s Ramkrishna Heights project lost the case completely. Reason? The money was paid to a different company, not the RERA-registered promoter.
Realty Stocks Slide at Open as Markets Turn Risk-Off; Sector Faces Broad-Based Pressure
Real estate stocks opened under heavy pressure as Indian markets fell sharply at the start of trading. With the Nifty Realty index declining and most major developers in the red, the sector is likely to remain volatile and range-bound through the session.
HDIL Sold Non-Existent Flats, Society Denies Membership, Court Says Society Is Right
In a major victory for housing societies, the Bombay High Court has upheld the decision of Dheeraj Dreams CHS Ltd. to deny membership to buyers who purchased “flats” that never existed. HDIL had sold mandatory refuge areas as residential flats years after the developer lost rights over the property. The Court ruled that societies cannot be forced to admit members for non-existent flats as it would violate the law.
