Bombay High Court settles Mira Bhayandar dispute, Valor shares jump
Valor Estate (formerly DB Realty) just saw its shares rocket up nearly 30% in three days, hitting ₹135 on Wednesday.
The boost comes after the Bombay High Court finally settled a decades-long dispute over a massive 205-acre land parcel in Mira Bhayandar, Thane, officially confirming the land belongs to Valor's subsidiary, Miraland Developers.
MIG Realtors teams with Adani Goodhomes
With the court clearing up ownership, Valor Estate can now move forward with plans to develop or partner on the land.
Earlier this year, their arm MIG Realtors also teamed up with Adani Goodhomes to acquire Radius Estates (the transaction has an indicative outer timeline of up to December 2027, subject to conditions).
Even with these wins and the recent surge, though, Valor's shares are still down 22% over the past year—but have climbed 12% since January.