SquareFeatIndia

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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.
The Enforcement Directorate has attached assets worth ₹80.03 crore after finding that over 2,600 homebuyers were cheated of ₹1,100 crore by Ramprastha Promoters & Developers in delayed Gurugram housing projects.

FIR Against Real Estate Developer and Son for Cheating Worth Several Crores in Mumbai

A major FIR has been filed against Ranbir Real Estate & Developers LLP and its associates, accused of defrauding investors of over ₹31 crore by promising high returns and illegal flat sales. Retired pharmacist Mahesh Doshi and possibly 17–18 others were allegedly misled — Mumbai Police has taken up investigation.
Real estate stocks started the day on a weak note as the Nifty Realty index declined and most major developers traded in the red. Broader market caution and global risk sentiment are weighing on the sector, with investors watching interest rates and institutional flows for direction.

🏗️ Realty Stocks Open Flat-to-Positive as Markets Brace for Monetary Policy Announcement

Realty stocks opened on a steady note today with the Nifty Realty index trading flat-to-positive as investors awaited the monetary policy announcement. Large developers gained while mid-caps stayed mixed. Here’s a full analysis of what to expect through the day.
The Maharashtra Government has approved converting a 7,658 sq.m. municipal plot in Sion from leasehold to freehold and leasing it to the Vishva Hindu Parishad (VHP) for 30 years. The land—reserved for medical and educational use—will require the organisation to pay ₹9.72 crore as freehold premium, plus annual ground rent.

State Allots VHP 1.89 Acres of Land in Sion for a Yearly Rent of ₹10,186

The Maharashtra Government has approved converting a 7,658 sq.m. municipal plot in Sion from leasehold to freehold and leasing it to the Vishva Hindu Parishad (VHP) for 30 years. The land—reserved for medical and educational use—will require the organisation to pay ₹9.72 crore as freehold premium, plus annual ground rent.
SRA has officially stated that no policy exists to rehabilitate first-floor residents of pre-1976 authorized chawls, meaning no redevelopment or surveys have been conducted so far. The clarification responds to queries raised by former MP Gopal Shetty and highlights a major policy gap in Mumbai’s housing system.

SRA Confirms: No Policy Yet for First-Floor Tenants of Chawls; No Redevelopment or Surveys Conducted So Far

SRA has officially stated that no policy exists to rehabilitate first-floor residents of pre-1976 authorized chawls, meaning no redevelopment or surveys have been conducted so far. The clarification responds to queries raised by former MP Gopal Shetty and highlights a major policy gap in Mumbai’s housing system.
In a ruling that empowers dissenting flat owners, Bombay High Court refuses to appoint arbitrator against a Mulund resident who never signed the redevelopment deal — builders can't force private arbitration if you say no from day one.

Govt Approves Land Acquisition for Parel’s K.K. Modi Wani Chawl Redevelopment After 25-Year Delay

The Maharashtra government has invoked Sections 91(A) and 93 of the MHADA Act to acquire the long-stalled K.K. Modi Wani Chawl property in Parel after 25 years of developer inaction, ordering blacklisting and criminal proceedings while empowering MHADA to complete the redevelopment.