The Latest
Income Tax Tribunal Rules: Redevelopment Gains Not Taxable for Housing Societies; Crucial Shield for Flat Owners
In a major redevelopment-taxation ruling, the ITAT Mumbai held that redevelopment benefits belong to flat owners, not the society. The Tribunal rejected the Income Tax Department’s ₹4.97 crore capital gains demand.
MahaRERA Rejects Arbitration Clauses in Real Estate Disputes, Upholds Homebuyer Rights
MahaRERA’s November 2025 order, backed by a Bombay High Court ruling, invalidates arbitration clauses in RERA disputes, ensuring homebuyers can directly approach the authority for remedies in cases like the delayed Indiabulls Park 4 project.
🏗️ Realty Stocks Begin the Week on a Mixed Note: Large Developers Hold Firm While Mid-Caps Drag the Index
Real estate stocks ended the first day of the week with mild gains as large developers lifted the sector despite mid-cap weakness. Here’s a full breakdown of the day’s performance and what to expect on Tuesday.
Bombay HC Shields Property Buyers: Covid Delay Can’t Cancel Auction Sales
The Bombay High Court has held that auction sales conducted before the Covid-19 lockdown cannot be cancelled merely because buyers missed payment deadlines during the pandemic, ruling that the entire lockdown period must be excluded from statutory timelines.