Buying a Bank Auction Property Proves Costly: Buyer Forced to Pay ₹48 Lakh in Old Electricity Bills for New Connection

In a shocking ruling, the Telangana High Court has forced a buyer who acquired a prime industrial plot for over ₹53 crore in a bank auction to cough up nearly ₹48 lakh in the previous owner’s unpaid electricity bills just to get a new power connection — underscoring the hidden perils of “as is where is” property purchases.

ATS Knightsbridge Insolvency Case Withdrawn: NCLT Clears Project, Completion Expected in 18–24 Months

ATS Knightsbridge exits insolvency after NCLT allows withdrawal of CIRP proceedings, with construction nearing completion and possession expected in 18–24 months.

Realty Stocks Slide at Open as Markets Tumble; Sector Faces Broad-Based Selling Pressure

Real estate stocks came under heavy selling pressure at market open as Indian equities plunged amid global concerns. The Nifty Realty index declined along with major developers, pointing to a volatile and cautious trading session ahead.

Big Relief for Home Sellers: ITAT Mumbai Says ‘MOU Date’ Counts for Tax, Not Registration Date

ITAT Mumbai has ruled that property sellers can use the MOU date instead of registration date for capital gains tax and still claim Section 54 exemption—offering major relief in delayed property deals.

₹1,000 Crore Released Under PMAY-G: Maharashtra Allocates ₹600 Cr Centre Share, ₹400 Cr State Share for Rural Housing

Maharashtra has approved ₹1,000 crore under PMAY-G for 2025–26, with ₹600 crore from the Centre and ₹400 crore from the state to accelerate rural housing development.