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Realty

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Stay updated with the latest news and trends in the realty sector. This tag encompasses various aspects of real estate including property developments, market insights, investment opportunities, and industry news, providing comprehensive coverage for real estate professionals and enthusiasts.

Get the latest news, trends, and insights in the real estate industry. This tag covers a wide range of topics including market analysis, property developments, investment opportunities, and residential and commercial real estate updates. Stay informed about the dynamics shaping the real estate sector.

Bombay High Court allows IL&FS Financial Services to proceed with ₹203.66 crore summary suit against principal borrower Serveall Constructions despite IBC moratoriums

HDIL Sold Non-Existent Flats, Society Denies Membership, Court Says Society Is Right

In a major victory for housing societies, the Bombay High Court has upheld the decision of Dheeraj Dreams CHS Ltd. to deny membership to buyers who purchased “flats” that never existed. HDIL had sold mandatory refuge areas as residential flats years after the developer lost rights over the property. The Court ruled that societies cannot be forced to admit members for non-existent flats as it would violate the law.
In a striking case from Mumbai’s Bandra Kurla Complex, a tenant demanded its ₹50 lakh security deposit back, the Wadhwa firm first admitted it would refund after deducting just ₹5.42 lakh — but later tried to flip the script and demand over ₹96 lakh from the tenant. The Bombay High Court has now blocked this dramatic reversal.

BKC Tenant Demands ₹50 Lakh Deposit Back — Wadhwa First Agrees to Pay, Then Demands ₹96 Lakh

In a striking case from Mumbai’s Bandra Kurla Complex, a tenant demanded its ₹50 lakh security deposit back, the Wadhwa firm first admitted it would refund after deducting just ₹5.42 lakh — but later tried to flip the script and demand over ₹96 lakh from the tenant. The Bombay High Court has now blocked this dramatic reversal.
Real estate stocks opened on a cautious note as Indian markets struggled for direction. While selective developers like DLF showed resilience, broader weakness in the sector suggests a volatile and range-bound trading session ahead.

Realty Stocks Open Weak as Market Volatility Persists; Sector Struggles for Direction

Real estate stocks began today’s session under pressure as Indian markets opened cautiously. With the Nifty Realty index continuing its recent decline and most developers trading weak, the sector is expected to remain volatile and range-bound through the day.
Maharashtra has approved the free transfer of 33,954 hectares of government land to MMRDA, allowing it to develop infrastructure and generate revenue—marking a major shift in Mumbai’s urban planning strategy.

Maharashtra’s Biggest Land Transfer Ever: Govt Hands Over 33,954 Hectares to MMRDA

Maharashtra has approved the free transfer of 33,954 hectares of government land to MMRDA, allowing it to develop infrastructure and generate revenue—marking a major shift in Mumbai’s urban planning strategy.
Maharashtra has scrapped NA permission and annual NA tax, introducing a one-time online conversion premium system to simplify land development approvals across the state.

Maharashtra Govt Approves Appointment of Licensed Surveyors at District Level to Speed Up Land Measurement

Maharashtra has approved district-level appointment of licensed surveyors through agencies to speed up land measurement and reduce backlog. The move is expected to boost real estate efficiency and improve land record management.