Maharashtra Releases ₹5,585 Crore GST Compensation to Municipal Corporations for April–May 2026

The Maharashtra Urban Development Department has approved ₹5,585.68 crore in GST compensation for 29 municipal corporations covering April and May 2026, with BMC topping the list at ₹2,587.55 crore and Pune and Pimpri-Chinchwad close behind at ₹485 crore and ₹457 crore respectively.

SC Rules: Revenue Records No Proof of Title or Ownership

“Entries in Revenue Records or Jamabandi serve only a fiscal purpose… A Revenue Record is not a document of title and does not confer any ownership or title upon the person whose name appears in it.” — Supreme Court of India

Realty Stocks Open Weak as Dalal Street Extends Cautious Trend; Heavyweights Drag Sector Lower

Real estate stocks witnessed heavy selling pressure at the opening bell as the Nifty Realty index fell over 4% in early trade. Heavyweight developers including DLF, Godrej Properties and Prestige Estates dragged the sector lower amid weak market sentiment and growing macroeconomic concerns.

No More Jail for Homebuyers – RERA Section 68 Rewritten

In a landmark relief for homebuyers, the Ministry of Housing and Urban Affairs has enforced the amendment to RERA Section 68 effective 7 May 2026. The provision for up to one year’s imprisonment has been completely removed and replaced with a civil penalty of up to 10% of the property cost. The change is part of the Jan Vishwas (Amendment of Provisions) Act, 2026.

Realty Stocks Open Weak as Dalal Street Turns Cautious; Heavyweights Drag Realty Index Lower

Real estate stocks came under pressure at market open as the Nifty Realty index slipped sharply amid broad-based selling in developer counters. Heavyweights including DLF and Godrej Properties dragged the sector lower, while investors remained cautious about interest rates, valuations and global market uncertainty.