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In a major relief to homebuyers, the Maharashtra Real Estate Appellate Tribunal has directed Parorch Developers to refund over ₹2.25 crore with interest, holding that an allotment letter is a valid enforceable contract under RERA even in the absence of a registered Agreement for Sale. The Tribunal overturned MahaRERA’s dismissal order in the Trinity Towers, Powai case.

Homebuyers Win ₹2.25 Crore Refund Case in MahaRERA Tribunal After Losing at Authority Level | Allotment Letter Held as Valid Contract

In a major relief to homebuyers, the Maharashtra Real Estate Appellate Tribunal has directed Parorch Developers to refund over ₹2.25 crore with interest, holding that an allotment letter is a valid enforceable contract under RERA even in the absence of a registered Agreement for Sale. The Tribunal overturned MahaRERA’s dismissal order in the Trinity Towers, Powai case.
  • June 18, 2026
Real estate stocks opened on a cautious note as Indian markets struggled for direction. While selective developers like DLF showed resilience, broader weakness in the sector suggests a volatile and range-bound trading session ahead.

Realty Stocks Face Fed Headwind After Four-Day Rally

Nifty Realty faces a fresh test on June 18 as Fed Chair Warsh signals a possible October rate hike, clouding the sector’s four-session, 10% peace-deal recovery.
  • June 18, 2026
BMC has suspended water connections to all construction sites in Mumbai, threatening delays in delivery of 1.43 lakh homes planned for 2026. Industry experts warn of higher costs and timeline slippages...

BMC Water Curbs to Delay Mumbai Home Deliveries: 1.43 Lakh Units at Risk in 2026

BMC has suspended water connections to all construction sites in Mumbai, threatening delays in delivery of 1.43 lakh homes planned for 2026. Industry experts warn of higher costs and timeline slippages…
  • June 18, 2026
Maharashtra has extended the Special Amnesty Scheme-2025 by one year, giving property owners till May 2027 to regularize violations on government land and secure valuable freehold rights.

Maharashtra Extends Amnesty Scheme: Get Freehold Rights on Properties by May 2027

Maharashtra has extended the Special Amnesty Scheme-2025 by one year, giving property owners till May 2027 to regularize violations on government land and secure valuable freehold rights.
  • June 18, 2026
Real estate stocks traded firm in early hours, led by large developers like DLF, Godrej, and Lodha amid festive demand optimism. Mid-caps stayed muted as investors await Diwali booking updates and institutional cues to guide the sector through the day.

Realty Stocks Hold Gains as Third-Day Rally Faces a New Test

Nifty Realty eyes a fourth straight session of gains on June 17, up 9% in three days, as Nifty crosses 24,000 and Mumbai realty stocks face a new BMC water supply headwind.
  • June 17, 2026