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📰 Housing Society Committees Cannot Be Removed Arbitrarily by Cooperative Officials: Bombay High Court
Justice Amit Borkar of the Bombay High Court has ruled that housing society committees cannot be removed arbitrarily by cooperative officials. Quashing the Jijau Cooperative Housing Society’s supersession, the court held that any such action must strictly follow due process under Section 78A of the Maharashtra Cooperative Societies Act.
Piling Work on Elphinstone Bridge Stalled After Residents Raise Safety Concerns
Piling work on the Elphinstone Bridge redevelopment project was halted after nearly 50 residents protested, citing fear that vibrations could damage their century-old buildings. MMRDA and VJTI experts have now stepped in with real-time vibration monitoring and safety measures to reassure locals.
TVS InvIT Inaugurates 17-Acre Industrial & Logistics Park in Visakhapatnam
TVS InvIT has inaugurated a 17-acre, ₹250-crore industrial and logistics park in Visakhapatnam, offering direct NH-16 and port connectivity. The facility, expected to create over 1,000 jobs, was virtually launched by Andhra Pradesh Chief Minister N. Chandrababu Naidu and is positioned as a major boost to the state’s industrial ecosystem.
🏗️ Realty Stocks Slip as Markets Close: Sector Sees Broad Weakness Amid Low Volumes and No Fresh Triggers
Realty stocks closed lower on Wednesday with broad-based weakness across large and mid-cap developers. Analysts attribute the decline to profit-booking and a lack of fresh sector triggers, calling it a phase of healthy consolidation.