Category: Residential

Explore updates and trends in residential real estate including new housing projects, pricing, buyer preferences, and urban expansion. Learn about the factors shaping residential property markets in major cities and suburbs.

Residential

DDA seeks to make parking allocation in housing projects fair

NEW DELHI: Delhi Development Authority has released comprehensive policy guidelines to ensure transparency, fairness and efficiency while marking parking spaces for the flats allotted under its housing schemes. According to DDA, the policy considers the specific requirements of different flat categories and the needs of persons with disabilities (PwD) as well as cases requiring special attention on genuine medical grounds. “This policy applies to all housing schemes where parking spaces are limited and must be allocated among residents of various flat categories such as LIG, MIG, HIG, etc. Earlier, we had a policy that was not comprehensive enough to serve…

Residential

State will be first to reach 100% target of Awas acheme: Maharashtra CM

PUNE: Chief minister Devendra Fadnavis on Tuesday said Maharashtra is set to provide 30 lakh houses to homeless people under the Pradhan Mantri Awas scheme and become the first state in India to achieve 100% of the target. He also said a fresh survey would be carried out to identify homeless people who are yet to benefit. The CM was speaking at a PM Awas Yojana award function in Pune with Union minister Shivraj Singh Chouhan as the chief guest. Deputy CM Ajit Pawar was also present at the event. Fadnavis said, “The central govt considered the socio-economic survey of…

Residential

Pune: Housing for displaced families remains on paper as action against illegal structures begins

Representative Image PUNE: The urban development department on Feb 25 issued a govt resolution directing municipal corporations, Pune Metropolitan Region Development Authority and municipal councils to take strict action against unauthorised constructions while simultaneously providing shelter to displaced families under Pradhan Mantri Awas Yojana. However, nearly three months later, the implementation remains sluggish. PMRDA, with jurisdiction over 6,000 square km consisting of around 3,500 identified illegal structures, has yet to operationalise the mechanism. “Demolition of unoccupied structures has begun. For occupied ones, we are reviewing the circular and understanding the process for alternavie housing,” a senior official said, adding that…

Residential

Steep property tax hike in Ghaziabad sparks protests

GHAZIABAD: Protests against the civic body’s new property tax structure has gained support from RWAs, industry associations and residents’ groups. The revised rates, implemented on April 1, haven’t gone down well due to an increase of up to four times the previous rates, which residents claim violates existing municipal laws that allow corporations to increase property taxes once every two years. The GMC board had last hiked the house tax on 4.28 lakh properties by 10% in Jan 2023. The rates, which were in effect till April 1 this year, required properties along roads less than 12m wide to pay…

Residential

Property registrations in Mumbai decline 4% to 11,565 in May 2025

NEW DELHI: Mumbai city registered sales of 11,565 property in May 2025, contributing ₹1,062 crore to the state’s revenue, according to Knight Frank India. While property registrations declined by 4% year-on-year in May 2025, stamp duty collection witnessed a rise of 3% during the same period. This uptick in revenue is attributed to a rise in transactions in the ₹5 crore and above segment. About 80% of all registrations in the month attributed to residential properties. Shishir Baijal, chairman & managing director of the company said, “In May 2025, Mumbai residential market saw a 4% YoY decline in property registrations,…

Residential

NBCC defends bulk sale of new Amrapali flats to private builders

NOIDA: Facing protests from Amrapali homebuyers, National Buildings Construction Corporation (NBCC) has defended its decision to sell new flats in bulk to private developers, saying it was a “last resort” to raise funds for completing stalled housing projects. The state-run construction company’s move has sparked outrage among homebuyers who alleged that on one hand, their long-awaited flats were being cancelled in the name of delayed payments, while on the other, new flats with additional FAR were being handed over to private developers at “discounted” rates. NBCC chairperson and managing director KP Mahadevaswamy, however, maintained that the decision was necessary given…

Residential

Mussoorie Dehradun development body to identify land bank for residential projects

DEHRADUN: In the 111th board meeting of the Mussoorie Dehradun Development Authority (MDDA) held on Thursday, the civic body decided to identify a land bank for upcoming residential projects. This move was prompted by the rising population density and the success of previous initiatives such as the ISBT and Aamwala Tarla residential schemes. Over 75 proposals were presented to the board, the majority of which concerned commercial construction, including hotels, eco-resorts, and residential map issues. “A budget of Rs 1,000 crore was proposed for the financial year 2025-26,” said VC Bansidhar Tiwari. Additionally, the authority resolved to secure land specifically…

Residential

Aparna Constructions to invest ₹2,525 crore to develop residential project in Hyderabad

HYDERABAD: Aparna Constructions and Estates to invest ₹2,525 crore to develop a residential project – Aparna Moonstone, within its integrated township, Aparna Deccan Town, located in Gopanpally-Gachibowli, Hyderabad. The project offers a total of 2,088 apartments. Spread over 22.28 acres, the project features spacious 3BHK and 4BHK residences ranging from 2,166 to 3,140 sq ft. S.S. Reddy, managing director of the company said, “Hyderabad continues to grow as a global economic and innovation hub, and this is inspiring a transition towards luxury living.” Published On May 31, 2025 at 12:30 PM IST Join the community of 2M+ industry professionals Subscribe…

Residential

Telangana finalises beneficiaries, begins construction of Indiramma houses

HYDERABAD: Telangana housing minister Ponguleti Srinivas Reddy said the state govt has finalised the list of 2.10 lakh beneficiaries for sanctioning the Indiramma houses, and construction of 24,000 houses had already begun. He mentioned that about 100 houses were in the final stages of construction and were ready for inauguration. During an informal chat with media personnel on Friday, the minister stated that the state govt was giving priority to the opposition party MLAs’ assembly constituencies as well, and the MLAs were asked to provide the list of beneficiaries. “Of the total houses allotted, 40% will be allocated based on…

Residential

Unsold luxury homes’ stock rises 36% in Mumbai in Q1 2025: Anarock

NEW DELHI: For the first time since 2022, unsold stock of luxury homes (priced above ₹2.5 crore) in Mumbai have witnessed an increase according to Anarock data. Unsold stock of luxury homes reported 36% yearly increase from approximately 6,180 units as of Q1 2024-end to nearly 8,420 units as of Q1 2025 end. Both in first quarters of 2023 and 2024, there has been a significant decline in the unsold luxury stock as against preceding year same quarter. In Q1 2023, there was a 29% yearly decline in luxury unsold stock in Mumbai – from about 18,340 units in Q1…