The Latest
Realty Stocks Open Weak as Market Slides; Sector Sees Broad-Based Selling at the Start
Real estate stocks started the day under pressure as the Nifty Realty index declined sharply in early trade. With most developers trading in the red and global cues weighing on sentiment, the sector is expected to remain volatile and range-bound through the session.
Tribunal Overturns MahaRERA Order: Builder Hit with 19-Year Interest from Day 1 on Duped NRIs
In a fresh instance of MREAT overturning a MahaRERA order, the Tribunal ruled that buyers cannot be made to wait 19 years while the builder uses their money, directing full refund with interest from the original 2006-07 payment dates.
Runwal Greens Mulund: Tribunal Orders Runwal To Refund ₹39.8L for Less Carpet Area + Delay Interest
In a significant setback for Runwal Homes, the Maharashtra Real Estate Appellate Tribunal has directed refund of over ₹39 lakh to homebuyers in Runwal Greens, Mulund, after finding the promised 1096 sq. ft. carpet area was actually far less as per approved plans. The Tribunal also awarded interest on the entire delay from 2015 to 2020, overturning MahaRERA’s developer-friendly order.