With Gudi Padwa, one of the biggest festivals when builders launch their projects only a month away, the Bombay High Court’s restraining order on the BMC, to stop them from issuing Intimation for Disapproval (IOD) and Commencement Certificate (CC) for new construction, the real estate sector is set to suffer a major blow.

The Bombay High Court’s restraining order on the BMC stops them from issuing Intimation for Disapproval (IOD) and Commencement Certificate (CC) for new constructions. Representational pic