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🏗️ Realty Stocks Open Mixed on Thursday as Investors Stay Selective; Large Developers Steady, Mid-Caps Under Pressure
Real estate stocks began Thursday on a mixed note, with large developers steady and mid-caps under pressure as the Nifty Realty Index traded flat. Here’s what drove the early moves and what to expect through the day.
Bombay HC: Cooperative Societies Alone Have the Right to Decide Membership – Registrar Cannot Force Admission
Bombay High Court delivers big win for cooperative housing societies: “Only the society can decide who its members will be – Registrar has no power to force admission.” In a 30-year-old Peddar Road dispute, the Court quashed direct membership granted to heirs who never paid the original contribution.
Maharashtra Orders Massive Encroachment Cleanup: Small Cities Set for Major Transformation
The Maharashtra government has issued a sweeping GR to remove or regularise encroachments on government-owned land across small and medium cities. The order is expected to reshape urban development, unlock land for new projects, and increase municipal revenue.