The Latest
Indian Realty Stocks Open Weak as Markets Slip; Select Developers Show Early Resilience
Realty stocks opened subdued on Feb 27 as Indian markets slipped into early losses. While select developers like DLF and Phoenix Mills showed mild gains, heavyweights such as Godrej Properties faced pressure, pointing to a cautious, range-bound session for the sector.
High Court Sides with Lokhandwala Row House Societies, Cancels Magnum Tower’s Land Conveyance
In a key ruling reinforcing finality in MOFA proceedings, the Bombay High Court has cancelled the 2023 deemed conveyance granted to Magnum Tower CHS over a large portion of land in Lokhandwala Complex, holding that the claim was barred by res judicata following a 2017 rejection on similar grounds. The decision protects row house societies’ long-standing possession and exclusive garden rights.