Lack of funds and high land and development costs are the primary reasons for developers not opting for smaller sized units closer to city centres.
The watchdog noted that as per the allegations, the company cheated and defrauded the informants.
Bengaluru market had seen correction recently and is currently one of the most attractively priced markets in the country.
Industry insiders said that the demonetisation move is expected to give a sales push as banks will be willing to lend more at attractive rates to those keen to buy flats and properties.
Housing prices in 42 major cities across India could drop by up to 30 per cent over 6-12 months after the demonetisation of high-value notes, wiping out over Rs 8 lakh crore worth market value of residential properties sold and unsold by developers since 2008.
A committee, headed by former MD and CEO of HDFC Life Deepak M Satwalekar, has been given six weeks to submit its report.
New York's Upper 5th Avenue continued to remain the world's most expensive retail location, narrowly ahead of Hong Kong's Causeway Bay.
The sales bookings stood at Rs 3,208 crore in the first half of fiscal year 2015-16, according to a company's analyst presentation.
There are instances where ironically, people filing their income tax returns and living a clean life are forced to withdraw cash from their legitimate bank accounts cash for such transactions, according to industry chamber Assocham.
A lower tax rate of 12% will reduce housing price and boost demand, but an 18% tax rate could end up increasing the cost of homes, says JLL.
Mumbai-based Godrej Properties had last month forayed into the Noida-Greater Noida property market with the launch of a 100-acre township in partnership with local builder Ace Group.
Godrej Properties has said the project - its first ever in the Noida and Greater Noida market - received a stupendous response, making this one of Godrej Properties' most successful launches, at a time the National Capital Region market is witnessing a slowdown.
the Finance Ministry has proposed a four-tier GST structure, with a lower rate of six per cent, two standard rates of 12 per cent and 18 per cent and higher rate of 26 per cent.
On an annual basis, Chennai witnessed the maximum increase of 23.9% in the first quarter of 2016-17; whereas Jaipur witnessed the maximum contraction (-4.4%), according to the RBI.
Justice Mukta Gupta granted the relief to Unitech Ltd's chairman Ramesh Chandra, and managing directors Ajay Chandra and Sanjay Chandra after their counsel assured the high court that they would appear before the trial court on the next date of hearing on October 26.
In the year-ago period, the company had sold 29 units for sales value of Rs 140.84 crore, while the sales bookings were Rs 406.28 crore in the first quarter of this financial year.
The country's largest realty firm said it is progressing towards an advanced stage of discussions with third party institutional investors on the terms for the shareholders agreement.
IT/ITeS firms continued to lead office transaction activity, accounting for about 54% of the deal closures.
Saradha Realty, as also its promoters and directors, were asked by markets regulator Sebi through an order in April 2013 to wind up all existing collective investment schemes (CIS) to refund the money collected from investors, with returns, within three months.