High interest rates and dependence on personal savings to pay down payment for first-time home buyers is delaying home ownership, a study finds.
Puravankara Ltd has already launched housing projects on 20 acres of land parcel in Hyderabad and is also constructing commercial projects on over three acres of land.
For the case, the Competition Commission of India considered "market for the provision of services relating to development and sale of residential flats in Pune city" as the relevant one.
Prime Minister Narendra Modi had on December 31 last year announced Credit Linked Subsidy Scheme for Middle Income Groups -- CLSS(MIG).
As per current tax laws, for properties rented out, a borrower could deduct the entire interest paid on home loan after adjusting for the rental income.
Piramal Realty has pegged its investment for this project at "approximately Rs 1,800 crore, including land, and project development & execution costs."
The agreement paves way for entering into the next phase of the process to negotiate definitive transaction documents, the company said in a regulatory filing.
The average prices of unsold units almost remain stagnant at Rs 6,683 per square feet as buyers and sellers delayed their decisions.
The court said 90 per cent of the interest amount that would be deposited with its registry would be disbursed to the 39 buyers who have opted out.
DLF is targeting to complete about 15-16 million sq ft by end of this year and create finished stocks amid slow sales in the residential segment.
DLF projected net debt to rise further as "weak sales and collections" would lead to operating shortfall of Rs 750-1,000 crore per quarter, according to an analyst presentation.
News Corp-backed portal PropTiger.com tracks primary residential markets of nine cities - Gurgaon, Noida, Mumbai, Pune, Bengaluru, Hyderabad, Chennai, Kolkata and Ahmedabad.
RBI Governor Urjit Patel on Wednesday kept the policy rate unchanged at 6.25 per cent.
Fitch expected the largest cuts to selling prices in the National Capital Region where unsold inventory is the highest over 16 quarters of sales.
Overall, Fitch Ratings has assigned a negative outlook to almost one third of the Asia Pacific (APAC) corporate sectors for 2017.
From application to refund, the Delhi Development Authority had this time planned to make the scheme an online affair to reduce the long queues of flat buyers at its headquarters.
He also pitched for improving the ease of doing business, state-funding of elections and early introduction of GST to curb corruption.