The Latest
🏠 Affordable Housing Gets a Boost as Maharashtra Tweaks Sand Policy; Shorter Leases Aim to Curb Over-Extraction
Maharashtra has revised its sand extraction policy to balance affordable housing goals with environmental safeguards. By shortening lease periods and overhauling pricing, the government aims to curb over-extraction, stabilize sand supply, and keep construction costs in check for PMAY and housing projects.
🏢 Real Estate Stocks End Mixed as Big Developers Gain, Mid-Caps Slip
Real estate stocks saw a mixed session on October 9. Prestige Estates surged 3.5% on strong sales, while mid-caps faced profit-taking. Large developers held steady, but cautious sentiment kept the Nifty Realty index under pressure.
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.
