Varde is also in talks to lend about Rs 1,200 crore to Hyderabad-based Phoenix Group
Company has built a portfolio of 50 million sq ft in 30 months and plans 12 projects in the fourth quarter.
Housing sales in volume terms is likely to decline 34 per cent this fiscal because of the COVID-19 pandemic, the report said
The move will pave the way for villagers to use property as a financial asset for taking loans and other financial benefits
Cover means the lender has a certain value of assets compared to a loan given
Unless you reduce your rates, you will be stuck with your inventory, Goyal said to developers.
Easing taxpayer compliance, the annual information statement has been subsumed in the Form 26AS
To implement this, the Budget 2020-21 had introduced a new Section 285BB in the Income Tax Act
Given the uncertainty in pick up of demand and logistical challenges during lockdown, property developers are being cautious about the timing of launches in the near term, said Gopalkrishnan
March quarter has already seen a 30 per cent drop in residential sales and the whole year is expected to see a similar drop in sales and generating sales is crucial to developers
Besides increasing the eligibility, tax benefits will also double
In an under-construction property, one has to pay only the pre-EMI during construction
The National Commission noted that claim was for loss of goods as well as for loss of profits. The local policy covered claim for loss of goods only, while the global policy covered loss of profits
In a realty market that is in a consolidation phase, buyers still hold a lot of bargaining power
Whether to buy or rent a property is a complicated decision
GIC also holds 50 per cent stake in Runwal Group's R City mall in Ghatkopar area in Mumbai