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Flat Delayed, Money Stuck? 98 Mumbai Buyers Dragged the Builder to Bankruptcy Court – Here’s How Section 7 Saved Them

In the Avenue 54 case, NCLAT upheld homebuyers’ right to file insolvency petitions via associations, provided proper authorizations are in place. This article explains Section 7 of IBC, who can use it, and why it’s a powerful tool against errant builders.

🏗️ Realty Stocks Open Firm as Markets React to MPC Rate-Cut Signal

Realty stocks opened with a positive bias today as investors reacted to the MPC’s signal of future rate cuts. Large developers gained early while mid-caps showed mixed trends. Here’s the full analysis of what to expect as the day unfolds.

CIDCO Begins Process to Develop India’s First Iconic Multi-Purpose Indoor Live Entertainment Arena in Navi Mumbai

CIDCO has launched the process to develop India’s first iconic multi-purpose indoor live entertainment arena in Navi Mumbai by issuing an EOI. Inspired by Madison Square Garden and The O₂ Arena, the venue will host 20,000–25,000 attendees and redefine India’s entertainment landscape.

⚡ Builder Sold Flat… Then Mortgaged It! MahaRERA Tribunal; Says Builder Must Clear Mortgage, Give Possession & Pay Interest

MahaREAT has upheld a MahaRERA order directing Lokhandwala Kataria Construction to clear an illegal mortgage, hand over OC-backed possession, and pay delay interest to homebuyer Faisal Sabir Rashid. The builder had mortgaged the flat after selling it, violating RERA. The appellate ruling makes the 2024 order final and enforceable.

MahaRERA Cannot Decide Issues Relating to Eviction or Recovery of Flat

MahaRERA has ruled that eviction, flat recovery, and agreement-cancellation fall outside its jurisdiction. In the Amity Apartments case, the Authority dismissed the promoter’s complaint — clarifying that such civil-property disputes must be addressed in civil courts, not through RERA.