Square Feat India

Real estate stocks opened mixed on Monday as Indian markets turned volatile amid global uncertainty and macroeconomic concerns. While developers like Godrej Properties and DLF showed resilience, several other realty counters remained under pressure, pointing to a stock-specific and volatile trading session ahead.

Realty

Realty Stocks Open Mixed as Dalal Street Turns Volatile; Large Developers Under Spotlight

Real estate stocks opened mixed on Monday as Indian markets turned volatile amid global uncertainty and macroeconomic concerns. While developers like Godrej Properties and DLF showed resilience, several other realty counters remained under pressure, pointing to a stock-specific and volatile trading session ahead.

May 11, 2026

In a landmark ruling, Bombay HC has termed the 2020 auction of NSEL-attached land a “scam within a scam”. A 35-acre Haryana plot valued at ₹60 crore was sold for just ₹10 crore amid rigged valuation, fake publicity and collusion. Court orders fresh transparent auction and returns buyer’s money.

Realty

‘Scam Within a Scam’: Bombay HC Exposes ₹50 Cr Fraud in NSEL Land Auction

In a landmark ruling, Bombay HC has termed the 2020 auction of NSEL-attached land a “scam within a scam”. A 35-acre Haryana plot valued at ₹60 crore was sold for just ₹10 crore amid rigged valuation, fake publicity and collusion. Court orders fresh transparent auction and returns buyer’s money.

May 11, 2026

The Rais booked a flat in 2013, paid ₹79 lakh, and were promised possession by December 2017. What followed was a developer collapse, a project takeover, a majority consent exercise they never agreed to — and a regulator that told them to cooperate. The tribunal disagreed.

Realty

MahaRERA Told Homebuyers to Cooperate. Tribunal Tells Builder to Pay Up

The Rais booked a flat in 2013, paid ₹79 lakh, and were promised possession by December 2017. What followed was a developer collapse, a project takeover, a majority consent exercise they never agreed to — and a regulator that told them to cooperate. The tribunal disagreed.

May 11, 2026

The Government of Maharashtra has doubled the FSI-free allowance for wellness and recreational facilities in housing societies — from 2% to 4% of total BUA — under an amendment to DCPR 2034 notified on 6 May 2026. The revision also expands permitted uses to include Meditation Centres and Recreational Activities alongside existing Yogalayas and Fitness Centres, and introduces a new provision for commercial buildings.

Realty

Housing Societies Get Double the Free Space for Gyms & Wellness Centres

The Government of Maharashtra has doubled the FSI-free allowance for wellness and recreational facilities in housing societies — from 2% to 4% of total BUA — under an amendment to DCPR 2034 notified on 6 May 2026. The revision also expands permitted uses to include Meditation Centres and Recreational Activities alongside existing Yogalayas and Fitness Centres, and introduces a new provision for commercial buildings.