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Bombay HC: GR Guidelines for Redevelopment Are Only Directions – No Tender Needed if Majority of Tenants Agree on a Builder

Bombay HC rules GR guidelines for co-op society redevelopment are only directions, not mandatory. Societies can appoint a builder without a tender if the majority of tenants agree, ensuring transparency and proper supervision.

📰 Hearsay Can’t Make You Pakistani: Bombay HC Quashes Enemy Property Tag

The Bombay High Court (Goa) has ruled that hearsay cannot be treated as proof of Pakistani nationality, striking down the Custodian of Enemy Property’s 2010 order tagging a Margao layout as “enemy property.” The Court held that the government failed to produce documentary proof that the original owner was a Pakistani national during the vesting period, making the declaration legally unsustainable.

✈️ Navi Mumbai Airport to Take Off — Panvel Property Prices Already Soaring 74%

As Navi Mumbai International Airport opens, Panvel’s real estate market is taking off — apartment prices have surged 74% since FY21. Experts say improved connectivity and Aerocity development will make Panvel the next growth hub in the MMR.

📰 Realty Shares Open Tepidly — Large Names Hold, Mid-Caps Under Pressure

India’s real estate stocks opened cautiously today. While large developers held up, mid- and small-cap names came under pressure amid profit-taking. The sector seems to be consolidating, awaiting fresh triggers and macro direction.

🏢 Realty Stocks Wobble Amid Profit-Taking, Blue Chips Hold the Fort

Real estate stocks wobbled in trade as profit booking hit smaller names while large-cap developers offered stability. The Nifty Realty index rose modestly, but weak market breadth highlighted selective buying and macro caution.