SquareFeatIndia

3452 posts
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.
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.
The Maharashtra government has granted a ₹22,250 crore state guarantee to MSRDC for raising funds from HUDCO to acquire land for the Virar–Alibaug Multi-Modal Corridor. The approval comes with strict repayment conditions, escrow controls, and a revised financial structure approved by the Cabinet.

Maharashtra Govt Approves ₹22,250 Cr State Guarantee for Virar–Alibaug Multi-Modal Corridor Land Acquisition

The Maharashtra government has granted a ₹22,250 crore state guarantee to MSRDC for raising funds from HUDCO to acquire land for the Virar–Alibaug Multi-Modal Corridor. The approval comes with strict repayment conditions, escrow controls, and a revised financial structure approved by the Cabinet.
A new Maharashtra GR reveals that NMMC has no Executive Engineer with a recognised engineering degree, forcing the government to tweak rules and promote Arvind Shinde despite lacking the mandatory qualification. The decision raises serious questions about recruitment and engineering standards in Navi Mumbai.

Rule Says Only Engineer From Recognised University Can be Navi Mumbai’s Additional City Engineer, Govt Finds None, Tweaks Rule To Fill Post

A new Maharashtra GR reveals that NMMC has no Executive Engineer with a recognised engineering degree, forcing the government to tweak rules and promote Arvind Shinde despite lacking the mandatory qualification. The decision raises serious questions about recruitment and engineering standards in Navi Mumbai.
MahaRERA rules builder's one-sided termination — issued 4 years after homebuyers' complaint — cannot cancel statutory delay interest rights under RERA while project incomplete, granting interest from Jan 2022 till possession with OC in Ruparel Skygreens I case.

RERA Can’t Guarantee Delivery: MahaRERA Orders Justice After 5-Year Delay

A MahaRERA order highlights that RERA registration does not ensure timely possession. After a five-year legal fight, a homebuyer secured a refund with interest as the authority found the developer guilty of defaulting even after signing the agreement post-RERA implementation.
Realty stocks opened on a steady note with large developers providing support while mid-caps traded mixed. The sector is expected to remain range-bound as investors await intraday triggers.

🏗️ Realty Stocks Start the Day Steady but Cautious as Markets Open

Realty stocks opened on a stable but cautious note today, with large developers holding the index steady while mid-caps remained mixed. The sector is expected to trade range-bound unless new triggers emerge.