Realty Stocks Advance at Open as Crude Hits $72; Nifty Realty Among Top Sector Performers

Nifty Realty opens among top sector performers on June 25 as Brent crude falls to $72 and Micron’s blowout results send Asian markets and realty stocks higher.

Homebuyers Can Claim Interest for Delayed Possession Even If They Stay in the Project

In a strong pro-homebuyer ruling, the Bombay High Court has held that allottees who continue with a delayed project do not lose their statutory right to claim interest under Section 18 of RERA. The Court dismissed the promoter’s appeal and upheld interest from the original due date of possession.

Realty Stocks Bounce Back at Open as Nifty Recovers

Realty stocks attempt a comeback on June 24 after Tuesday’s market crash. Iran talks day three and crude below $78 give the sector a fighting chance.

Buyer’s Name in Builder’s Sheet Not Enough to Prove Cash Payment

ITAT rules that mere mention of buyer’s name in builder’s seized Excel sheet is not enough to prove on-money payment and sustain addition. Addition of ₹25 lakh deleted.

Builders Took ₹90 Lakh, Sold Flat to Someone Else — Consumer Commission Orders ₹1.05 Crore Refund

Builder took ₹90 lakh, sold the flat to a third party, bounced cheques four times. Commission orders ₹1.05 crore back with interest.