High Court Sides with Lokhandwala Row House Societies, Cancels Magnum Tower’s Land Conveyance
In a key ruling reinforcing finality in MOFA proceedings, the Bombay High Court has cancelled the 2023 deemed conveyance granted to Magnum Tower CHS over a large portion of land in Lokhandwala Complex, holding that the claim was barred by res judicata following a 2017 rejection on similar grounds. The decision protects row house societies’ long-standing possession and exclusive garden rights.
Indian Realty Stocks Open Mixed as Markets Show Cautious Strength
Real estate stocks began Thursday’s session on a cautious note even as benchmark indices traded with a positive bias. While heavyweights like Oberoi Realty and Godrej Properties held steady, several developers remained under pressure, signaling a volatile trading day ahead for the realty sector.
AI Boom or Illusion? Only 5% of Firms See Real Results Despite Massive Adoption in Corporate Real Estate
A new JLL study shows 91% of Indian companies are experimenting with AI in corporate real estate, yet only 5% are achieving real results, exposing a major gap between adoption hype and business outcomes.