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MahaREAT has ruled that homebuyers who file civil suits first for possession and interest cannot later file RERA complaints for identical reliefs, dismissing RERA complaints as non-maintainable due to forum shopping.

“Fit-Out Possession” Declared Legally Invalid Without OC: MahaRERA Rules in Favor of Delayed Homebuyers

In a landmark MahaRERA ruling, “fit-out possession” without OC is deemed legally invalid, holding promoters liable for delays in a Vasai housing project. Homebuyers awarded interest from Dec 2018, deferred till OC, highlighting RERA’s balance between buyer relief and project viability.
  • December 10, 2025
India’s private asset reconstruction companies are undergoing a structural shift as recovery-linked income increasingly replaces management fees, supported by strong recoveries, falling acquisitions and a rise in cash transactions, according to Crisil Ratings.

Reinvigorating India’s Ghost Shopping Centres Can Unlock ₹357 Crore in Annual Rentals

Knight Frank’s Retail 2025 report finds 74 ghost malls across India, with 15 assets capable of unlocking ₹357 crore in annual rentals through reinvigoration.
  • December 10, 2025
In a landmark February 16, 2026 ruling, Bombay High Court Justice Somasekhar Sundaresan directed defaulting developer Alag Property to hand over Mulund Endeavour CHS redevelopment site, appointing Court Receiver amid ₹9.77 crore dues and 5+ years displacement. A rare win empowering societies against stalled projects.

Builder Sold Flats, Disappeared for 40 Years – Bombay High Court Finally Gives Ownership to Residents

After selling flats in the 1980s, the landowner vanished for 40 years. Residents formed their own society, paid taxes, and maintained the buildings themselves. When the original owner finally claimed the land back, Bombay High Court threw out the case with costs and declared: the residents are the real owners. A historic victory for flat buyers across Maharashtra.
  • December 10, 2025
Large real estate developers provided early stability, while mid-cap names showed mixed sentiment as traders waited for stronger directional cues.

🏗️ Realty Stocks Open Flat as Market Awaits Direction; Large Caps Steady, Mid-Caps Mixed

Realty stocks began the day on a flat-to-positive note, with large developers steady and mid-caps mixed. The sector remains in consolidation as markets look for intraday cues to set the tone.
  • December 10, 2025
India’s office market shattered records in 2025 with 83.3 million sq ft of leasing, led by GCCs and flex spaces, as vacancy dropped to a five-year low, says JLL.

Maharashtra Govt Reiterates Policy: No Office Should Function on Rent; Forms Committee to Allot Space in GST Bhavan

Reaffirming its policy to eliminate rented offices, the Maharashtra government has formed a committee to allocate vacant space in GST Bhavan, Wadala, to state departments. The move aims to cut rental expenditure and optimise government-owned infrastructure.
  • December 10, 2025