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.
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.
Unsold inventory levels drop to its lowest level in last six years to 28,088 units in H2 2016, the report said.
Home sales in Bengaluru, which is seen as a resilient market, also fell 45 per cent in the October-December quarter as compared to the year-ago period.
Both REITs and InvITs are vehicles created to primarily invest in revenue-generating real estate/infrastructure assets.
Dhruv Agarwala, co-founder and CEO of PropTiger, will serve as CEO of the joint entity. Jason Kothari, CEO of Housing.com, has decided to move on to pursue other opportunities in the Indian internet space, the statement said.
An infrastructure investment trust (InvIT) is like a mutual fund that enables direct investment of small amounts from individual/institutional investors into infrastructure to earn a small portion of the income as return.
This represents more than 75 per cent of the 400 apartments that were opened for sale, making it one of the most successful recent residential launches, the Mumbai-based developer said in a statement.
Loans up to Rs 75 lakh will attract interest rate of 8.7 per cent per annum, while it will be 8.75 per cent for higher amounts, HDFC said in a statement.
Under the 'Pradhan Mantri Awas Yojana', the urban poor people constructing houses will get up to four per cent subsidy on interest rate for constructing houses up to Rs 9 lakh. The interest rate subsidy will be three per cent on house construction cost of up to Rs 12 lakh, the Prime Minister said.
The practice of buying a property in the name of someone other than the buyer has been widely misused to buy real estate with undeclared income and with fake names and identities to avoid paying tax.