Realty Stocks Open Weak as Market Slides; Sector Sees Broad-Based Selling at the Start

Real estate stocks started the day under pressure as the Nifty Realty index declined sharply in early trade. With most developers trading in the red and global cues weighing on sentiment, the sector is expected to remain volatile and range-bound through the session.

Tribunal Overturns MahaRERA Order: Builder Hit with 19-Year Interest from Day 1 on Duped NRIs

In a fresh instance of MREAT overturning a MahaRERA order, the Tribunal ruled that buyers cannot be made to wait 19 years while the builder uses their money, directing full refund with interest from the original 2006-07 payment dates.

MHADA Mumbai Lottery 2026: 2,640 Flats Announced Across Income Groups; Applications Open March 30

MHADA has launched its Mumbai Lottery 2026 offering 2,640 flats across income groups. Applications open March 30, with the draw scheduled for May 15.

Runwal Greens Mulund: Tribunal Orders Runwal To Refund ₹39.8L for Less Carpet Area + Delay Interest

In a significant setback for Runwal Homes, the Maharashtra Real Estate Appellate Tribunal has directed refund of over ₹39 lakh to homebuyers in Runwal Greens, Mulund, after finding the promised 1096 sq. ft. carpet area was actually far less as per approved plans. The Tribunal also awarded interest on the entire delay from 2015 to 2020, overturning MahaRERA’s developer-friendly order.

Maharashtra Govt Issues Orders to Regularise Pre-2011 Residential Encroachments on Govt Land

In a relief measure for poor families, the Maharashtra government has decided to regularise purely residential encroachments on government land that existed before 1 January 2011. The policy offers free regularization up to 500 sq ft and charges only 10% of market value for additional area up to 1,500 sq ft, with a last date of 31 December 2026 for applications. Mumbai districts are excluded.