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Harshad Mehta Scam Echoes: Prime Juhu Flat Heads to Auction in Ongoing Recovery Drive

Three decades after the Harshad Mehta securities scam shook India’s markets, a prime Juhu flat owned by his late associate Sushila J Shah is up for auction. Valued at 1,150 sq ft in upscale Vandana CHS, this sale follows previous disposals like the Dalamal Chambers unit, as authorities push to recover billions in losses.

ED Attaches ₹67 Crore Worth of Properties Linked to PFI and SDPI

The Enforcement Directorate has attached eight immovable properties worth ₹67.03 crore linked to the Popular Front of India (PFI) and its political front SDPI. The properties, spread across Kerala, were registered under various trusts and foundations allegedly controlled by PFI. With this, the total value of assets attached in the case now stands at ₹129 crore.

🏗️ Realty Stocks Start the Week Flat: Festive Momentum Fades as Markets Turn Cautious

Real estate stocks began the week flat as investors awaited festive booking data. Large developers held steady while mid-caps slipped on low volumes. Analysts say the sector remains fundamentally strong but directionless until official sales figures emerge.

📰 Homebuyer Claims Dispute Between Shapoorji and Nirmal Lifestyle Delaying Mulund Project, MahaRERA Asks Shapoorji to File Its Response

A Mulund homebuyer told MahaRERA that Shapoorji Pallonji’s Olympia C D project has been stalled due to a dispute with Nirmal Lifestyle. MahaRERA restored the complaint and directed the developer to file its response by November 18.

Bombay High Court Rules BMC Permission Not Required for Tenantable Repairs

In a landmark ruling, the Bombay High Court has clarified that tenantable repairs, like replacing rusted roofing sheets, do not require BMC permission under Section 342 of the Mumbai Municipal Corporation Act. The court quashed a BMC notice issued to Indu Oil and Soap Co., criticizing the corporation’s high-handed demolition actions and imposing a ₹25,000 fine, setting a precedent for property owners in Mumbai.