HC Exposes SRA-Developer Collusion in Worli STP Land Grab

In a damning order, Bombay HC accuses SRA officers of suppressing BMC warnings to let a Shahid Balwa-linked developer encroach on land reserved for Worli’s vital STP expansion — a stark expose of how public infrastructure is sacrificed for private real estate gains in Mumbai’s rotting system.

BMC Commissioner Directed to Hold Inquiry into How Illegal Structure Existed for Decades Next to a BMC Chowki

Bombay High Court slams BMC for allowing illegal structure to exist for decades next to a ward office in Santacruz; orders inquiry into officials’ dereliction while dismissing petitioner’s appeal with ₹5 lakh costs.

Sonu Sood Leases BKC Commercial Unit to HDFC Bank for ₹11.75 Lakh Monthly

Actor Sonu Sood has leased his BKC commercial unit to HDFC Bank for ₹11.75 lakh monthly rent under a 9-year agreement, underscoring strong institutional demand for premium Mumbai office assets.

Realty Stocks Open Steady After Benchmark Rally; Sector Eyes Direction as Momentum Cools

Realty stocks opened on a cautious note despite positive cues from benchmark indices. The sector is consolidating after recent gains, with investors watching interest-rate signals and market momentum for direction.

Raheja Universal’s Deemed Rent Dispute on Unsold Flats Sent for Fresh Calculation

In a key ruling, ITAT Mumbai has sent back Raheja Universal Pvt. Ltd.’s deemed rental income dispute on unsold flats for fresh evidence-based assessment, stressing objective valuation under Section 23(5) while upholding major reliefs for the prominent developer on other issues.